FOR LEASE: One of Calgary’s most central properties as it has been completely abandoned by renters..The 37-storey Nexen building at 801 7 Ave. S.W., features 600,000 sq.-ft., of which none currently is being used..The story attracted the ire of Tory leadership candidate Erin O’Toole..“Let’s rename this empty Calgary office building “Trudeau Tower”,” O’Toole said on social media Tuesday..It’s the first time in city history a building of that size has been completely vacant, Michael Gigliuk, vice-president, associate, with Devoncore told the Real Estate News Exchange..He said during the recession of the 1980s there were a couple of buildings that emptied but nothing to this scale..Nexen, a subsidiary of Hong Kong-based CNOOC Ltd., moved and leased 290,000 sq.-ft. in The Bow in 2019..The building was opened in 1982 as the headquarters of Nova Corp..The building is now owned by five Calgary families and an Ontario-based pension fund group, said the RENE..Currently, the office vacancy rate in Calgary sits around 25%.Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.Twitter: Nobby7694
