Postmedia trying to sell two Calgary newspaper properties
The almost 100,000-square-foot building, on 2.66 acres of property, is listed for sale by commercial real estate firm Cresa at “market price” and available “immediately.” It joins the much larger Calgary Herald building (both papers are now owned and published by Postmedia (PNC-A-T)) on the market.
“Firstly, the aggressiveness of our pricing will provide value to investors and affordability to owner occupiers,” Josh Hamill, principal at Cresa, told RENX when asked about the Sun property. “The efficient and easily accessible location with prominent exposure to Deerfoot Trail is attractive.
“Current zoning of the property allows for a wide variety of uses including warehousing, office, medical, post-secondary learning institution, winery/brewery and indoor recreation so we’re seeing interest from an expansive range of users in the market. There is an impressive amount of power available to the site, high ceilings in the warehouse area and 115 parking stalls. This property was and will once again be a Calgary landmark.”
The building’s address is 2615 12th Street N.E.
Cresa says the property is conveniently located to major arteries such as Deerfoot Trail, 32nd Avenue N.E. and 16th Avenue N.E. and is easily accessible via 12th Street N.E.
It is also a 12-minute drive to the Calgary International Airport and to downtown Calgary.
Cresa says the building has unobstructed views of the Rocky Mountains to the west and overlooks the Fox Hollow Golf Course in the Winston Heights-Mountview neighbourhood.