Toronto Region Board of Trade, World Trade Centre Toronto and Menkes Announce a New Lease
In partnership with Menkes Developments Ltd., TD Greystone Asset Management and CBRE, The Toronto Region Board of Trade (the Board) is pleased to announce that 100 Queens Quay East will be the new home of the Board and its rapidly growing trade services arm, the World Trade Centre Toronto (WTC-T).
After 45 years in the financial district, the move to a bigger space on the waterfront will house an ecosystem of trade and commercialization-minded organizations. The building will also be the future home of the Toronto Region Board of Trade with a corporate event space.
In addition to the new development, the new building supports the Board and WTC-T’s mission to be a catalyst for a vibrant and globally competitive business community. The World Trade Centre Toronto will be a hub for local, regional and international organizations under one roof, and the Board will work alongside to help members compete, scale, and support inbound and outbound trade missions.
By doubling the size of the Board’s current footprint, the WTC-T will be well equipped to support the growth of lauded trade programs, fulfill expanded demand for premiere corporate event space, and deliver strategic services from the Economic Blueprint Institute which is the Board’s new economic data and insights arm.
“We believe in global connectivity. We believe in finding future-focused opportunities and ideas for our Members, partners and all levels of government. We believe in raising our collective voice,” said Jan De Silva, President & CEO, Toronto Region Board of Trade.
“We want our new, iconic trade, business and corporate event hub – in the energized, new waterfront business district with its thought leaders and innovators – to drive the Toronto region’s momentum.”
The landmark is a 25-storey office building that features approximately 690,000 square feet of Class “AAA” space, making it the first phase of Menkes’ vibrant, 4.6 million square foot mixed-use community on the waterfront called “Sugar Wharf”.
The Board will take approximately 90,000 square feet in this landmark tower that features an enlarged corporate event space with an outdoor terrace overlooking the city. An enhanced workspace for Board Members will also be featured in the tower — CBRE Ltd acted as the sole brokerage advisor on the transaction.
“Toronto Region Board of Trade’s city-building mission and history of advocacy are continuing drivers of our City’s success on the global stage,” said Peter Menkes, President, Commercial/Industrial at Menkes.
“We are humbled that Jan De Silva and her team share our vision for both 100 Queens Quay East and the emerging technology, arts and business ecosystems on the waterfront. This is truly a significant lease for the future growth of Toronto, and follows the recent news of WPP plc and MaRS Discovery District locating on the waterfront.”
Designed by B+H Architects, 100 Queens Quay East was created with the objective of achieving the highest standards in environmental sustainability by striving for Leadership in Energy and Environmental Design (LEED) Platinum certification.
“Toronto has the lowest downtown office vacancy rate in North America, which creates significant challenges for companies that are growing and innovating. In working with Menkes and the Toronto Region Board of Trade, we see creative real estate solutions come to life and add momentum to Toronto’s newest innovation hub,” said Cathy Bongard, Associate Vice President, CBRE.
Organizations interested in joining the Board or World Trade Centre Toronto ecosystem can contact Brenda Gardiner at [email protected] for more information.