Article
CBRE Oversees Largest Edmonton Office Relocation in a Decade
March 18, 2026 4 Minute Read
CBRE’s Jeremy Deeks and John Fisher helped relocate Canadian Utilities Ltd., an ATCO company, to a recently renovated building in downtown Edmonton, formerly home to Canadian Western Bank.
The transaction represents one of the city’s largest office relocations in more than a decade. “This is a huge win for downtown Edmonton,” says Fisher.
The building at 10303 Jasper Avenue is connected to Edmonton’s Pedway network, which links 40 buildings and parkades along 13 kilometres of covered pathways, eventually connecting to Rogers Place arena, home of the Edmonton Oilers.
“This move will ultimately make a big impact on the city’s downtown core,” says Deeks. “It demonstrates ATCO’s confidence in downtown Edmonton and its desire to be connected to other businesses.”
ATCO will transition its employees to the new location – a short distance from its previous location at the ATCO Centre at 10035 105th Street. – starting in 2028.
A Big Move
ATCO’s relocation is years in the making. The company has been at their current custom-built office since the 1980s, and until recently, had few viable options for relocation.
“Historically, ATCO has had minimal to no optionality in the market due to size,” says Deeks. “This time was different as there were a number of relocation options available in Edmonton’s downtown core. We went on countless tours until we were finally able to identify the best options.”
While ATCO’s new HQ is only a block away from its previous location, “it feels like a fresh start,” Deeks adds.
ATCO’s new location has improved connectivity through the Pedway network, better foot traffic and best-in-class amenities, including a fitness centre, bike storage, common areas, conference rooms and golf simulators.
“This is an exciting step forward for our downtown office. Relocating wasn’t a decision we made easily. We took a thorough and thoughtful process while touring available space. ATCO Place Edmonton was a clear choice that checked the boxes for us. The amenities, connection and flexibility in space was exciting for our Real Estate team and leadership,” says Amanda Woroschuk, Senior Manager Real Estate, ATCO.
“It’s a building that inspires,” says Fisher, adding that CBRE’s Workplace Strategy team was involved from the outset to help design an optimal working environment. “The new office has lots of fenestration, which brings a bright, vibrant energy to the space, and its unique sawtooth floorplate layout makes it feel personalized.”
“ATCO Place Edmonton offers the amenities, safety, connectivity, and vibrancy that will elevate our employees’ daily experience and support the way we work today and into the future. An elevated employee experience was a critical component to our decision,” Woroschuk continued.
Inflection Point for Edmonton Office
ATCO’s relocation marks a milestone moment for the Edmonton office market.
“This is the largest head office relocation the city has seen in over a decade,” notes Fisher, adding that the average tenant in Edmonton requires about 3,000 sq. ft. to 5,000 sq. ft. “I don’t believe we’ll be seeing another transaction at this scale happening anytime soon.”
The Edmonton office market is poised for another strong year in 2026, according to CBRE’s Canada Real Estate Market Outlook, driven by widespread return-to-office mandates and investors demonstrating increased willingness to underwrite the office sector as improved leasing fundamentals begin to materialize.
ATCO’s relocation is the latest vote of confidence in the city’s office market, which saw a number of big leasing deals in 2025, many of them brokered by the CBRE Edmonton team.
“There’s a lot of positivity around this move and ATCO’s commitment to downtown Edmonton,” says Deeks. “It’s a commitment that will resonate for years to come and ATCO employees will benefit every day.”
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