Morguard has signed up Ottawa-based Shopify to take over space in the soon-to-be-opened Performance Court building at 150 Elgin St., according to an industry source.
The e-commerce provider will be moving from its current ByWard Market location to the new building sometime after it is opened in the first part of 2014, said a source who spoke only on condition that they not be named.
Shopify will be taking over about 100,000 square feet of space, said another source.
‘Use it or lose it’: New Ottawa-Paris route needs more than just excitement to take flight
While the long-awaited return of transatlantic travel to Ottawa is good news for travellers, the success of the route is key to maintaining the service.
How to unlock new revenue in an uncertain economy
Resiliency is the name of the game, but what are the business rules that apply when dealing with great disruption and prolonged uncertainty?
Janet Park, Shopify’s public relations manager, said the company is planning to move its Ottawa offices but declined to confirm where the new location would be.
How exactly Morguard is going to fill the space at 150 Elgin St. has so far remained a mystery. The landlord has been willing to confirm a few tenants – such as the Canada Council for the Arts, KPMG and Ottawa Tourism – but the plans for the rest of the building have remained up in the air.
About 45 per cent of the roughly 350,000 square feet of space inside the building has yet to be leased, according to a recent market report from brokerage firm Cushman & Wakefield Ottawa.
Shopify has been growing rapidly over the past years, a trend that company officials believe will continue in the near future. It currently has about 320 employees but they expect to grow that to 500 before the end of the year.
On Thursday the company announced it received $100 million to hire more staff and increase its offiline offerings.
–With files from Jacob Serebrin and Peter Kovessy.