Dell Canada Sells Advanced Technology Centre to Servus Credit Union

On July 16, 2008, Dell Canada Inc. (Dell) completed the sale of the building formerly occupied by Dell located at 151 Karl Clark Road N.W., Edmonton, Alberta. Dell first completed an acquisition of the lands for this site from Edmonton Economic Development Corporation (EEDC) for an undisclosed sum, further to an option agreement between Dell and EEDC. The building is a three-storey building of approximately 128,000 square feet and was sold to Servus Credit Union Ltd. for a purchase price of $42 million.

Dell was represented by Gowling Lafleur Henderson LLP with a team led by Ned Steinman that included Lisa Buriak and Kevin Keyes, and in-house counsel Rebecca Yates. EEDC was represented by Fraser Milner Casgrain LLP by Gordon Yakemchuk, and The City of Edmonton was represented by in-house counsel Kevin Klaassen. Servus was represented by Ogilvie LLP with a team led by Ronald Odynski, QC, which included Christopher Audain.