George Armoyan's Armco Capital is set to acquire Stephen Avenue Place and two adjacent retail buildings in downtown Calgary following a court‑supervised sale process, according to filings in the Court of King’s Bench of Alberta.
Investor George Armoyan set to pick up another downtown Calgary office tower
Armco expected to acquire 40‑storey Stephen Avenue Place through receivership
CoStar News
April 10, 2026 | 4:03 P.M.
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IN THIS ARTICLE
- Properties
- Stephen Avenue Place
700 2 St, Calgary, AB
- Companies
- Armco Capital Inc.
Construction
- Timbercreek Capital Inc
Real Estate
- Contacts
- Ryan Swelin
Principal, Capital Markets Group, Avison Young
- Nathan Drury
Vice President- Capital Markets Group, Avison Young
- George Armoyan
Owner, Armco Capital Inc.
- Kevin Morgans
Principal, Capital Markets Group, Avison Young