491 Portage Ave.

The Rice Financial Centre

Type: Office/Retail

Year Acquired: 2001

Land Area: 2.1 acres

Zoning: M (Multiple use sector) high-rise office and parking complex

Features: Multi-level parkade, prominent downtown location, heavy traffic route, bus stop, neighboring the University of Winnipeg.

The Rice Financial Centre includes a mixed-use 155,000 square foot, 9-storey tower and 288-stall parkade in downtown Winnipeg, Manitoba, Canada. The project was acquired as part of a joint venture through a disposition offering from a financial lender. The buildings interior was upgraded, new parking management was hired and the vacancy was filled.

Building

The building is a 155,000 square foot, 9-sotrey mixed use building attached to a 288-stall parkade located on the corner of Portage Avenue and Balmoral Street.

Land

The land is composed of 2.1 acres of M (multi-use) zoned land on a prominent downtown Winnipeg location.

Site Photos