Allied-RioCan's Toronto Complex Lands Index Exchange as a Tenant
- Global advertising marketplace to lease 200,000 square feet
- REITs close to completing lease deals on 80% of office space
An illustration of The Well in Toronto.
Source: Allied Properties
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Allied Properties Real Estate Investment Trust and RioCan Real Estate Investment Trust’s new office development in the heart of Toronto’s technology district has a core tenant: Index Exchange Inc., the closely held global advertising marketplace.
The Toronto-based firm will lease as much as 200,000 square feet (18,600 square meters) at Allied and RioCan’s The Well, the companies said Tuesday in a statement. Index Exchange agreed to a 12-year lease starting in 2022. The development includes more than 1 million square feet of downtown office space.