Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Other

Allied Properties, RioCan talks lease for The Well

By The Northwire Desk — AI Analysis Nov 18, 2025 · 15:45 AP · 13.12 Allied Properties Real Estate Investment Trust
AP · Price

Executive Summary

  • Allied Properties and RioCan announced a significant new office lease for 124,235 square feet at The Well in Toronto, with a term expiring in May 2037.
  • The availability of office space for sublease at The Well has decreased to 10% following this and other recent leasing activity.
  • The transaction contributes to the transformation of King West Village into a core office node, bringing thousands of new knowledge workers to the area.

Key Details

  • Tenant/Counterparty: A Canadian company (specific name not disclosed).
  • Location: 460 Front St. W, The Well, Toronto.
  • Leased Area: 124,235 square feet.
  • Floors Leased: Third through sixth floors.
  • Lease Term: Expires May 31, 2037.
  • Additional Terms: The tenant is entitled to exclusive rooftop signage on 460 Front St. West facing south.
  • Market Impact: Office space available for sublease at The Well has declined to 10%.
  • Regional Context: Lease-up is accelerating at nearby Portland Commons, contributing to the growth of King West Village (bounded by Front St, Spadina Ave, Richmond St, and Bathurst St).
  • Allied Portfolio in King West Village:
    • Total Office Space Owned: Just over 2.3 million square feet.
    • Allied Modern: 1,471,555 square feet.
    • Allied Heritage: 594,254 square feet.
    • Allied Flex: 248,916 square feet.
    • Storefront Retail Space Owned: 323,027 square feet.
    • Additional Retail: Share of retail space at The Well.

Notable Quotes

  • None provided in the text.
Read the original news release →

More from Allied Properties Real Estate Investment Trust

Apr 29, 2026 · 19:47

Deleveraging Progress Offsets Earnings Decline

Earnings Feb 24, 2026 · 07:25

Allied Announces Renewal Of Normal Course Issuer Bid

Other Feb 18, 2026 · 20:28

Allied Properties closes financings totalling $560M

Financings Feb 18, 2026 · 08:15

Allied Announces Closing of $560 Million Marketed Public Offering and Concurrent Private Placement

Financings Feb 11, 2026 · 19:09

Allied Announces Pricing and Upsizing of Previously Announced Marketed Public Offering of Units and Concurrent Private Placement

Financings Feb 10, 2026 · 15:37

Allied Reports Q4 and Full-Year Results; Announces Leadership Update and Equity Financing

Earnings