Regional Group acquires Postmedia's Ottawa office building

The Regional Group has acquired the Postmedia office building off Iris Street that houses the Ottawa Citizen and Ottawa Sun for an undisclosed amount.
The purchase, which closed Tuesday, will see the Ottawa real estate developer take ownership of the 186,000 square-foot building as well as the 7.83 acres of land that it sits on. Postmedia Network Inc. has negotiated a long-term leaseback of space within the building, which will see the newspapers’ employees remain in the building.
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