The Paris Building
259 Portage Avenue, Winnipeg, MB
A 91,000 square foot heritage office building located at the intersection of Portage Avenue and Garry Street in downtown Winnipeg, Manitoba, this property was acquired in 2007 for $11,000,000. A full-floor vacancy was successfully leased to the Province of Manitoba for a ten-year term and the property was successfully sold in 2010 for $14,000,000. The property was also successfully coupled with two other office properties at the time of sale to obtain a portfolio premium from an offshore purchaser.