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Mississauga’s Sheridan Park gets $46-million reno

Slate Office upgrades Sheridan Park addresses for SNC-Lavalin.

SNC-Lavalin’s Mississauga digs are getting more than a facelift, with a $45-million investment by its landlord.

Slate Office REIT will revitalize two key properties in Mississauga’s Sheridan Park, which will house SNC-Lavalin’s nuclear work in 215,000 square feet of research, development and office space for an initial term of 10 years. The buildings at 2251 and 2285 Speakman Drive will be re-purposed and modernized, incorporate optimum energy and environmental efficiency technology.

“We’re extremely pleased to have strengthened our relationship with SNC-Lavalin over the long term in a deal that represents tremendous value for both sides, and in doing so helped to re-invigorate an important business centre such as Mississauga’s Sheridan Park,” Scott Antoniak, Chief Executive Officer of Slate Office stated in a news release.

SNC-Lavalin’s nuclear team provides nuclear technology products and full-service solutions to nuclear utilities around the globe, though the work they do at Sheridan Park doesn’t involve handling nuclear materials. The company has owned the building at 2233 Speakman Drive since the 1980s. The area was one of North America’s first corporate research parks.

Source: Slate Office REIT
Writer: Paul Gallant
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