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Toronto, September 18, 2013 – First Gulf and The Globe and Mail have sealed a deal making The Globe and Mail the lead tenant at 351 King Street East, the new The Globe and Mail Centre, opening 2016.
Moving from their current location on Front Street, The Globe and Mail will occupy over 130,000 square feet of premier office space on the top floors of the building. Located in the emerging hub of urban activity and corporate head offices on King Street east of Sherbourne Street, the 500,000 square foot, 17-storey office tower targeting LEED® Gold was designed by award-winning Toronto architectural firm, Diamond Schmitt Architects.
“We are delighted to have The Globe and Mail as our anchor tenant. Our vision to create a centre featuring innovative architectural design with great outdoor amenity spaces is another example of the commitment First Gulf has made to the continued growth of the area. The Globe and Mail Centre represents the final phase of a two city block redevelopment by First Gulf which will add over 5,000 jobs to the revitalized King East office district,” said First Gulf CEO David Gerofsky.
Located in a neighbourhood with a high walkability score (rated 98%), The Globe and Mail Centre is within walking distance of the Distillery District, St. Lawrence Market, Toronto’s Waterfront, Union Station and other modes of transportation.
“The Globe and Mail employees are excited to have the opportunity to move to new offices that will better enable us to create the high quality content and award winning journalism our customers expect. The Globe and Mail Centre will be a symbol of the rapid evolution of The Globe and Mail as a multimedia business, as we take advantage of digital delivery platforms and drive culture change,” said The Globe and Mail Publisher and CEO Phillip Crawley.
The Globe and Mail, Canada’s national newspaper, founded in 1844, including Report on Business magazine, and globeandmail.com, the newspaper’s online and mobile media hub, reach a combined 6.3 million readers every month.
First Gulf is an award winning leader in the development of office, mixed-use, retail and industrial properties with developed assets of over $2.5 Billion. First Gulf specializes in all aspects of real estate development, from acquisition and planning approvals to design-build, construction, leasing, financing and property management.
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