Canadian Office Complex Commands $130M

Petroleum Plaza, a 315,000-square-foot office property in Edmonton, Alberta, Canada, has been snapped up in a transaction valued at $130 million. Acting on behalf of client DEGI Deutsche Gesellschaft fur Immobilienfonds m.b.H., Morguard Investments Ltd. purchased the property from KingSett Capital, which had owned Petroleum Plaza since 2005...

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