Calgary Herald Building Sold Signalling the End of an Era

U-Haul Canada Ltd. purchased the building for $17.25 million

Nearly a decade after it first hit the market, the Calgary Herald building has been sold, symbolizing a changing media landscape.

The imposing brick landmark overlooking Deerfoot Trail and Memorial Drive S.E. has been purchased by U-Haul Canada Ltd. for $17.25 million, it was announced Wednesday.

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U-Haul Canada will use the building for self-storage and truck rentals, said Bob MacDougall, senior vice-president of Cresa, listing agent for Postmedia.

“With densification, the amount of home storage space goes down, so there’s a big demand for storage units,” he said.

“The paper warehouse, printing presses and distribution areas (in the Herald building) are easy to transform to self-storage.”

U-Haul is using the former Calgary Sun building for the same purposes, added MacDougall, who also secured that deal.

Read the full article on the Calgary Herald.