KRP Properties eyeing new build 'sooner than later'

With Kanata office vacancy rates approaching a 10-year low, one of the west end's largest landlords says it's getting close to kicking off construction of a new 150,000-square-foot building. "There's a lot of interest and demand out there" among tenants, KRP Properties leasing director Linda Sprung said on the Ottawa Real Estate Show. "We're hoping we can break ground sooner than later." KRP Properties currently has some 3.2 million square feet of space across more than 35 buildings on either side of March Road in Kanata. Its next building would likely be on Terry Fox Drive, where the firm owns development land adjacent to the Stealth Building, home to Huawei, March Networks and other tenants.