Page 9 – Carttera

CARTTERA AND GOOGLE SIGN A 400,000 SF LONG-TERM OFFICE LEASE AT 65 KING EAST, TORONTO

Carttera announces a major, long-term, downtown Toronto office leasing transaction at 65 King East, which will be home to Google, occupying 400,000 sf of office space across 18 floors in Toronto’s newest, next-generation office development.

“We are extremely pleased to announce that 100% of the office floors of 65 King East are now leased to Google: one of the most prominent, influential and well-recognized companies in the world. Our vision for 65 King East has always been to combine innovative office architecture and an employee-centric workplace design with a dynamic, forward-thinking organization. Google truly recognizes how 65 King East promotes sustainability, employee wellness, collaboration, productivity and health,” said Dean Cutting, Partner, Carttera. “The fact that Google made a long-term commitment to our project is a testament that we are leading the future of innovative office design. We look forward to a long-term collaborative relationship with Google for many years to come.”

65 King East is owned by Carttera in conjunction with institutional co-investors: OPTrust, Manitoba Civil Service Superannuation Board and Investment Management Corporation of Ontario, which will be the long-term holders of the asset. The development’s design is a collaboration between world-renowned architects IBI Group and WZMH Architects. 65 King East is currently being built by PCL Construction. Google’s tenancy is a consolidation and relocation of offices in the Greater Toronto Area, with occupancy expected in 2021.

“Carttera built 65 King East with next-generation tenants and an evolving downtown core in mind,” said Jeff Friedman, Executive Vice President Office Leasing, CBRE. “Google’s decision to make 65 King East its new Toronto headquarters underscores the degree to which Toronto’s downtown core continues to expand. This is a significant statement of confidence in Toronto’s tech market and talent pool.”

Together with the efforts of CBRE, this significant transaction is a great match for the growing downtown core, bringing innovation and tech giants into the fold of Toronto’s tight office real estate market. With proximity to the TTC and Union Station, this office building also features over 18,000 sf of outdoor terraces, 196 bike stalls and 10,675 sf of retail space, while also incorporating smart building technologies and sustainability. With Wired Score Gold already accomplished, 65 King East has been designed to achieve LEED Gold certification.  

About 65 King East

Located in the vibrant St. Lawrence neighbourhood, 65 King East is steps from the financial core at King & Yonge, and is less than a 10-minute walk to Union Station with seamless connections to the TTC, Go Transit, Via Rail and the UP Express. 65 King East has dedicated approximately 18,000 sf of terrace space over eight floors, offering expansive views of the city and lake, and is designed with a raised floor HVAC system and exposed concrete ceilings. www.65kingeast.com

About Carttera

Carttera is a Canadian real estate investment fund manager and developer. The firm invests its capital in innovative urban intensification development projects and is a leader in environmental sustainability in the Canadian development industry. Carttera’s strength lies in its track record of success in originating, structuring and executing complex development projects. Carttera has developed projects extending to over $3.3 billion in total value since its inception in 2005, with primary holdings concentrated in the GTA and Montreal. The firm’s projects include a wide range of product types including office, mixed-use, industrial, condominiums and rental apartments. www.carttera.com

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. In Canada, CBRE Limited employs 2,200 people in 22 locations from coast to coast. www.cbre.ca

For Official Press Release Click Here

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Carttera Welcomes Innovapost to Gateway Meadowvale

Carttera welcomes Innovapost to 2727 Meadowpine Boulevard in Mississauga. Innovapost recently leased 20,000 sf on the third floor.

Thank you to Craig Trenholm from Cushman & Wakefield for his partnership in this successful transaction.

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So Now You Know | Excavator Removal | Video Series One

Introducing Carttera’s new video series “SO NOW YOU KNOW”. These short, entertaining and interesting videos answer various fun and fascinating questions about real estate, development and construction. Enjoy!

Ever wonder how an excavator is removed from an active construction site when it’s 4 storeys below grade, watch and see!

Follow Carttera on LinkedIn for all our most recent videos, updates and happenings!

 

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An interview with Carttera’s Partner Dean Cutting on the value of the Art Gallery of Ontario’s (AGO) Art Sales & Rental program

How did you hear about the AGO Art Sales & Rental Program?

As a former AGO volunteer and having participated in the art rental program for many years on a personal level, I saw an opportunity to contribute on a corporate level when Carttera relocated to our news offices in the summer of 2018.

Why did you choose the AGO Art Rental Program?

There are several reasons why we felt this program was important to support. The first being the ability to support and celebrate many talented local Canadian artists. The second being the excellent quality and wide-range of rotating inventory suited to Carttera’s individual aesthetics and interior design. And finally, all proceeds from the rental program benefit the AGO public programs and the artists directly.

How often is the artwork updated?

The terms of when the artwork gets updated is up to us. We choose to refresh our pieces every three months, which follows the rhythm of our fiduciary quarterly reporting regimen. The AGO offers various terms from three months to several years; whatever best suits the client.

Does the AGO tailor artwork to an organization’s specific industry or aesthetic?

The AGO makes it easy and sends a curator/designer to review the environment, checking for size, space, lighting and overall feel. The curator then assembles a portfolio of recommended pieces to suit the space. In our instance, the artwork hangs prominently in the lobby behind our reception desk, adding a pop of colour and sense of liveliness.

Beyond the art itself, what other benefits come with being involved with such a program?

This program also promotes employee engagement: Every quarter, we gather input from different Carttera team members to choose the final piece based on the shortlist from the curator. Sometimes it’s a unanimous decision, and other times we put it to vote. It’s a great way to get everyone involved, and everyone thinking about art.

Has there been a favourite piece of artwork?

It’s truly difficult to choose just one. All installed pieces from the AGO have been appreciated by our staff, clients and visitors. We believe that this program has been a great success. It’s also valuable to know that if there’s a piece that is particularly adored, we are able to make a permanent purchase!

About The Current Artwork

Clearing Storm, Outer Shoals by Joseph Hartman

After receiving a Master’s degree in Kinesiology at the University of McMaster in 2004 and being accepted into Medical School, Joseph Hartman decided to pursue a career as an artist. Hartman, a self-taught photographer, apprenticed with Canadian photographer Edward Burtynsky for over four years. 

Hartman’s work arises from his curiosity about the interaction between humans and landscape and how each influences the other. In his first main series, “Highway 69” he made large format photographs of landscapes in a transitional state; choosing to record the landscape as it is transformed into a new place. His subjects include highway construction and large urban demolition sites. Hartman finds the concept of transition intriguing, using the subject to articulate basic human desire and our need for progress. In Hartman’s work the deconstruction of large buildings signifies change in human perception; what was once seen as progress is now seen as a hindrance. His photographs tell a story about society through what Hartman calls, “monuments of our time.”

Joseph Hartman’s work has been exhibited in private and public galleries across Canada and his photographs are in private and corporate collections across North America.

The Art Gallery of Ontario’s art rental & sales program has been around since 1965 and supplies artwork from Toronto’s top galleries and independent artists. For more information, go to https://ago.ca/shop/art-rental-sales.

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Carttera’s 1415 Joshuas Creek Drive Leases Approximately 41,920 sf to iA

Carttera is pleased to announce the leasing of approximately 41,920 sf to Industrial Alliance Insurance and Financial Services at 1415 Joshuas Creek Drive in Oakville. iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States.

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