Standard Life Sells it's Landmark Toronto Headquarters to Bentall Realty out of Vancouver

Standard Life - Sells Landmark 121 King Street West

Standard Life Sells it's Landmark Toronto Headquarters

This part of the massive transaction has not  yet closed. But is solid to firm, so says the company insider:

The Toronto section is for the 25-storey Standard Life Centre at 121 King St. W. It's the latest large acquisition by Bentall, which bought 10 Dundas St. E. in Toronto for $226-million in 2011.

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At a time when residential sales are softening in many parts of the country, the portfolio sale illustrates the ongoing demand for office properties in Canada.

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Standard Life Sells Out 121 King Street West

A rare building I found on my tour today. The Standard Life Building at 121 King West is owned by its lead tenant. The Standard Life Assurance Company of Canada. The building itself is. 26 floors and has 507,000 square feet of rentable/leaseable space. Its located in the heart of the Toronto Financial District and is probably best known for its gold tinted glass and the massive LED that posts a stock ticker. It is next to 145 King West and across the street from 150 King West.