ICM Property Group Announces Sale of 280 Midpark Way in Calgary

(December 2025 – Calgary, Alberta) ICM Property Group is pleased to announce the sale of 280 Midpark Way SE (“Midpark”), an approximately 31,000 square foot office property, predominantly occupied by medical tenants, located in Calgary’s Midnapore neighbourhood.

Midpark was originally acquired in 1985 and has been part of an investment partnership managed by ICM since 2003, representing one of the longest-held assets under the firm’s stewardship. Over its lifecycle, the property benefited from active leasing and asset management strategies as well as a significant renovation in 2013, culminating in a successful disposition in a challenging office market environment.

At the time of sale, Midpark was 100% leased, notable given elevated vacancy rates across Calgary’s office market. This leasing performance supported a sale price that compared favourably on a per-square-foot basis relative to recent office transactions in the city.

“Achieving full occupancy and a competitive sale in today’s office market speaks to the strength of the asset strategy and the ICM team’s execution.”

– John Courtliff, CEO, Partner & Portfolio Manager

The disposition reflects ICM’s disciplined approach to lifecycle management, value preservation, and execution – even amid market headwinds.

Midpark also holds historic significance for the firm, having previously served as one of ICM’s early office locations.

About ICM Property Group
ICM Property Group offers established expertise across development, asset management, and property management. With capabilities spanning multiple asset classes and markets, we create engaging spaces where people feel connected to their homes, workplaces, and communities.