Morguard Completes Sale of Ottawa Building For CA$148.2 Million

12:39 PM EDT, 10/28/2026 (MT Newswires) -- Morguard (MRC.TO) closed the sale of its leasehold interest in 131 Queen Street in Ottawa to Public Services and Procurement Canada (PSPC), the company said Wednesday. The property was sold for CA$148.2 million. The building, which had been pre-leased to the federal government was sold following PSPC's exercise of its contractual option to acquire Morguard's leasehold interest at fair market value, a statement said. Morguard shares were last seen down CA$0.36 to CA$110.90 on the Toronto Stock Exchange. Price: 110.90, Change: -0.36, Percent Change: -0.32