(Source: The Ottawa Citizen)
A major real estate company has started marketing the Nortel Networks Carling Avenue campus in a deal that could generate more than $200 million.
DTZ Barnicke and BMO Capital Markets started promoting the sale of the 2.35-million-square-foot campus in national advertising this week.
Many real estate experts believe the federal government will eventually be the major tenant in the sprawling 400-acre, 10-laboratory property.
But it is far from clear whether it will actually own the land or lease space from investors who buy the buildings.
Read the full article, “Iconic Nortel building hits the market” in the Ottawa Citizen (April 16, 2010).