The headquarters of the investment firm launched by BlackBerry co-founders Mike Lazaridis and Doug Fregin is on the market. Matthew Hayward, a realtor with the listing agent Whitney and Company, said the three-storey building is effectively unpriced and that prospective buyers should make an offer. (Waterloo Region Record)
Talking point: Lazaridis and Fregin founded Quantum Valley Investments in 2013 to fund and support researchers developing quantum information science breakthroughs that can be commercialized. BlackBerry built the office that would become its Waterloo headquarters in 2012, and sold it to San Francisco-based Spear Street Capital in 2014 for about $13.9 million. Quantum Valley purchased the property later that year for $15 million. The 90,430-sq.-foot building includes a Tier 3 data centre, private offices and meeting rooms. Hayward expects a large tech company or investor group to purchase the 2.2-hectare property, located next to the University of Waterloo Research and Technology Park. He said there’s been lots of interest, despite the office market’s slow post-pandemic recovery.