Desjardins Asset Management Awards Colonnade BridgePort the Property Management and Leasing Contracts for their Ottawa Real Estate Assets

November 2016

Colonnade BridgePort is pleased to announce that it has been awarded the property management and leasing services contracts for Desjardins Asset Management’s Ottawa real estate assets which comprise 3030 Conroy Road, 1560-1580 Merivale Road, and the Kemptville Colonnade retail centre.

Desjardins acquired Kemptville Colonnade on November 10 and awarded the property management and leasing contract to Colonnade BridgePort who had been performing these services for the property’s previous owners. The retail centre is adjacent to Highway 416, and currently houses 275,000 sq.ft. of predominantly national retailers and is shadow anchored by a 92,000 sq.ft. Walmart Supercentre and a 72,000 sq.ft. Canadian Tire. The property also has more than 50,000 sq.ft. of build-to-suit retail space available adjacent to the 30+ acre Kemptville Business Park.

Beginning January 1, 2017, Colonnade BridgePort will assume the property management and leasing of 3030 Conroy Road and 1560-1580 Merivale Road. Constructed in 1989, 3030 Conroy Road is a two-storey, 27,935 sq.ft. multi-tenant, industrial building located between Thurston Drive and St. Laurent Blvd.

1560 – 1580 Merivale Road is a 78,630 sf office/retail facility situated on the northwest corner of Merivale Road and Meadowlands Drive West.  The building was constructed in 1976 and includes a 5-storey office building comprising 42,129 sf and 36,501 sf of retail.  At present, there are 19 office tenants and 16 retail tenants, including the recently completed retail lease with Artemano, brokered by Richard Getz and Fraser Paddison of Colonnade BridgePort Realty Inc.

With the retention of Kemptville Colonnade and the new additions of 3030 Conroy Road and 1560-1580 Merivale Roade, Colonnade BridgePort’s managed portfolio comprises 5.4M sq.ft. of commercial real estate in the Ottawa Area and across Ontario.