Former Federal building downtown, home to CRA, post office and jail, finally sold
The now formerly Federal Government-owned building in the heart of Red Deer’s downtown has a new owner.
Located at 4909 50 Street, the building is the former home of the Canada Revenue Agency and Canada Post.
It was purchased in recent days by East Lincoln Properties, which also recently completed an office building off Taylor Drive and 43 Street. East Lincoln was founded in 1986 and has many properties around Red Deer in its portfolio.
“They are excited to breathe new life into the building and find some new tenants. They hope to be part of revitalizing the downtown, because they know this is a very visual building that everyone drives by,” says Brett Salomons of Salomons Commercial. “Everyone knows about it and has been asking, and I can say that East Lincoln does hope to preserve the historical significance of the building also and make it a good place to do business.”