Downtown Toronto’s
The Well is about to get a significant new tenant, with co-owners
Allied Properties REIT (
AP-UN-T) and
RioCan REIT (
REI-UN-T) announcing this morning the lease of four additional floors in the multi-tower, mixed-use downtown complex.
Although the new tenant at The Well has not been identified, Allied and RioCan reported the lease involves 124,235 square feet of office space on the third through the sixth floors at 460 Front St. W. The lease runs through 2037, and also includes exclusive signage rights on the south-facing facade of the tower.
Allied and RioCan did state the company involved is Canadian.