INVESTMENT SERVICES CANADA
COLLIERS INTERNATIONAL
63
We are in 63 Countries
630
Investment Advisors Globally
$45.5B
$45.5 B (USD) of transactions facilitated globally in 2013
COLLIERS CANADA INVESTMENT SERVICES
996
Property Sale Transactions in Canada in 2013
17
Markets we Serve
39
Offices in Canada
Over $5.2 Billion
In Canada, we completed over $5.2 Billion in property sales in 2013
This book features a selection of properties recently and proudly sold by Colliers International across Canada over the past 12 months. In the past 24 months, Colliers successfully completed over $9.5 Billion of property sales across Canada.. The properties in this showcase reflect some of the very best of our office, industrial, retail, residential and hotel success. Colliers Capital Markets & Investment Services professionals specialize in connecting our clients and their capital with real estate opportunities domestically and globally. Our experts have a broad range of real estate and industry expertise. They know their local markets intimately, and they constantly keep their ears to the ground to identify outstanding investment opportunities. They work closely and communicate with one another to provide the best knowledge and opportunity for our clients. Our Colliers’ professionals provide our clients with outstanding services that enable them to leverage such opportunities wherever they arise. We take great pride in the relationships and partnerships we have developed with our clients. Should you want further information about Colliers Capital Markets & Investment Services or hear the success stories behind any of the properties in this book, please do not hesitate to contact us. We are very proud of our success and thank you for choosing to work with Colliers. Adam Kosoy Senior Managing Director Capital Markets & Investment Services | Canada
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 2
WESTBURY PORTFOLIO
>1111 INTERNATIONAL BOULEVARD >1122 INTERNATIONAL BOULEVARD BURLINGTON, ON >2265 UPPER MIDDLE ROAD >2275 UPPER MIDDLE ROAD >2020 WINSTON PARK DRIVE >2060 WINSTON PARK DRIVE OAKVILLE, ON COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 3
OFFICE
The subject properties were owned by Westbury International which consisted of six office buildings located in Oakville (4) and Burlington (2). The portfolio also includes the sale of a 11 acre parcel of land located in Burlington which sold for $6.5 million. The office component of the portfolio was purchased for a total consideration of $214,000,000 by LPF Realty. The buildings at the time had 1.8% vacancy across the portfolio and the capitalization rate was under 6.25%.
SIZE
6 buildings totaling 778,827 SF
PRICE
$214,000,000 VENDOR
Westbury International (1991) Corporation and 2149740 Ontario Limited
PURCHASER
LPF Realty Office Inc. (Fengate Capital Management Ltd.)
2618 & 2728 HOPEWELL PLACE NE CALGARY, AB
OFFICE
Colliers was hired by the Vendor to sell these two institutional grade office properties which were fully leased, offering secure cash flow from high-quality tenant covenants. These high profile, new generation properties feature attractive and contemporary common areas and tenant improvements.
SIZE
2618 - 76,812 SF 2728 - 128,554 SF
PRICE
VENDOR
Bentall Kennedy
PURCHASER
undisclosed
Investors Group
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 4
760 CHEMIN DU GRAND BERNIER
INDUSTRIAL
The property is a best in class LEED certified distribution facility complete with all state of the art specifications including: 40’ clear height, ESFR sprinklers, T-5 lighting, and ample trailer parking positions. The property was completed in December 2013 and will be tenanted on a long term basis by Exel Inc. This opportunity was highly sought after by institutional investors and was marketed through a competitive bid process.
SAINT-JEAN-SURRICHELIEU, QC
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 5
SIZE
373,946 SF
PRICE
$34,650,000 VENDOR
Exel Canada Ltd.
PURCHASER Fiera Properties
CAPITAL PARK
500 BLOCK SUPERIOR STREET VICTORIA, BC
OFFICE
The sale of Capital Park included approximately 6.2 acres of land in the heart of Victoria. It comprised 2 parcels and featured almost a full city block behind the iconic provincial legislature buildings in Victoria’s renowned Inner Harbour. The existing improvements on Capital Park are a mix of 1940s/50s office buildings, storage facilities and heritage buildings. The mixed use redevelopment opportunity afforded by Capital Park will be influenced by a Master Development Agreement
(MDA). This MDA prescribed the location of retail, office and residential uses as well as the relocation and restoration of the heritage buildings. The provincial government will anchor the office component with a 20 year leaseback of 180,000 SF of LEED Platinum office space. Through Colliers’ marketing efforts, we generated six extremely well qualified submissions with the successful proponents’ final submission being unconditional.
SIZE
6.20 Acres
PRICE
$34,000,000 VENDOR
The Province of B.C.
PURCHASER
Jawl Development Corporation and Concert Real Estate Corporation
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 6
HONEST EDS - MIRVISH VILLAGE 571-581 BLOOR STREET WEST, TORONTO, ON DEVELOPMENT
Colliers and Mirvish Enterprises studied the potential implications of the marketing and sale of this high-profile project to customize a marketing strategy that would create competition while maintaining strict confidentiality. As a result, the marketing plan focused on the high value retail density, which offers the rare ability to create destination urban retail for upwards of 300,000 SF.
The retail component value was viewed as the key to a successful process as the team believed the significant residential component would be valued in a narrow value range while retail value could differ significantly. In addition, the pension funds and REITs had strong access to capital when marketing commenced in early 2013.
PRICE
SIZE
Westbank Projects Corp.
3.5 Acres COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 7
$72,000,000 VENDOR
Mirvish Enterprises
PURCHASER
PACIFIC RIM SHOPPING CENTRE 3555 JOHNSTON ROAD PORT ALBERNI, BC RETAIL
This shopping centre located in Port Alberni on Vancouver Island comprises 80,394 SF of net rentable area. It has high exposure frontage on the Alberni Highway in a prime retail location on the eastern border of the city with proximity to national retailers such as Walmart and No-Frills. The high-quality centre was recently completed in 2007 and national and international retailers comprise 98% of existing tenants.
SIZE
80,394 SF
PRICE
$17,100,000 VENDOR Sun Life
PURCHASER
Strathallen Capital
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 8
GE CAPITAL ALBERTA PORTFOLIO
>FORD BUILDING 11604 – 181 STREET, EDMONTON >CENTRAL WEB BUILDING 16936 – 110 AVENUE, EDMONTON >PARKWAY EAST I BUILDING 9451 – 49 STREET, EDMONTON >PARKWAY EAST II BUILDING 9503 – 49 STREET, EDMONTON >OFFICE 99 BUILDING 4601 – 99 STREET, EDMONTON >HIGHFIELD BUILDING 4344 – 12 STREET SE, CALGARY OFFICE
Three multi-tenant and three single tenant industrial properties, with 5 located in Edmonton and 1 located in Calgary Buildings were 97% leased, with a weighted average remaining lease term of 4.13 years A mix of distribution, light manufacturing, office and showroom industrial space. COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 9
SIZE
VENDOR
PRICE
PURCHASER
450,001 SF Total Portfolio
$43,850,000
GE Canada Real Estate Equity
Standard Life Assurance Company of Canada
580 SECRETARIAT COURT MISSISSAUGA, ON
INDUSTRIAL
The property was constructed as a highthroughput distribution centre in 2006 and benefits from “best in class” specifications such as: flow through shipping, 28’ clear height, pre-cast concrete construction, and low building to lot coverage ratio with ample trailer parking. This opportunity was marketed through a modified bid process and received interest from both end users and investors. The property was ultimately sold to Choice Properties REIT and achieved a record setting price point for a building of this size.
SIZE
148,245 SF
PRICE
$15,500,000 VENDOR
Wilsonia Industries
PURCHASER
Choice Properties REIT
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 10
201 PORTAGE
201 PORTAGE AVENUE, WINNIPEG, MB OFFICE
Colliers acted as co-advisor to Asper Tower Inc. in the sale of this landmark Winnipeg office tower to Harvard Developments Inc. and Greystone Managed Investments Inc. This 33-storey office building features 510,000 square feet of prime office space leased to tenants such as RBC-Dominion Securities, MNP, and Thompson Dorfman Sweatman.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 11
SIZE
VENDOR
PRICE
PURCHASER
510,000 SF
undisclosed
Private Local
Harvard Developments Inc. & Greystone Managed Investments Inc.
GPM GTA WEST INDUSTRIAL
>4905 TIMBERLEA BOULEVARD, MISSISSAUGA, ON >325 ORENDA ROAD, BRAMPTON, ON >350 PARKHURST SQUARE, BRAMPTON,ON >710 GANA COURT, MISSISSAUGA, ON SIZE VENDOR INDUSTRIAL This 401,124 square foot portfolio is comprised of four single tenant buildings ranging from 48,000 square feet to 173,000 square feet. The buildings are located in the Toronto West markets of Mississauga and Brampton which are considered Toronto’s best industrial locations. The portfolio was 100% occupied by excellent tenants at the time of sale.
401,124 SF
VALUE
$32,300,000
GPM Real Property (9) Ltd. and Mondow (9) Inc.
PURCHASER
CanFirst Capital Management
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 12
29752995 JUTLAND ROAD VICTORIA, BC OFFICE
The sale of 2975-2995 Jutland Road in Victoria, BC was unique as it was the sale of an Option to Purchase. Not only was it an option to purchase, but that option was not exercisable for three years. The +/-180,000 SF office building was purpose built in 1997 for the Province of BC and has been solely occupied by them on a 20-year leaseback since. As part of the original agreement, the owner provided the province with an option to purchase exercisable within the last 12 months of the term at a predetermined price. As part of the disposition, the Province of BC agreed to a new 10 year lease to commence upon the transfer of ownership under the option to purchase. The delayed ability to execute the option not only limited potential buyers to those who would not require financing, it also brought overall building maintenance and liability over the next three years to the forefront of negotiations.
SIZE
184,432 SF
PRICE
undisclosed VENDOR
The Province of B.C.
PURCHASER
HOOPP Realty Inc. COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 13
1202 RICHARDS STREET VANCOUVER, BC RETAIL
1202 Richards Street is an air-space parcel property that is currently occupied by Choices Market, an organic grocery store. Located in Vancouver’s Downtown South neighbourhood and recently built, the property was coveted by an offshore investor looking to buy an investment property with strong and secure income in a thriving neighbourhood.
SIZE
VENDOR
PRICE
PURCHASER
26,016 SF
$16,840,000
Metropolis Project Development
Private Investor
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 14
HILTON TORONTO AIRPORT HOTEL & SUITES 5875 AIRPORT ROAD TORONTO, ON
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 15
HOTEL The Hilton Toronto Airport Hotel & Suites is ideally located directly across from the Toronto Pearson International Airport, Canada’s busiest airport servicing almost 35 million passengers annually, with easy access to some of the City’s largest corporations such as Hershey, Bell, Target, Honeywell, Kellogg, and IBM. The Hotel is also conveniently located between two major area demand generators, the Toronto Congress Centre and International Centre. The Property is comprised of a north and south tower connected by a two-storey building with a total footprint of approximately 305,000 SF.
SIZE
305,000 SF
ROOMS 419
PRICE
$25,000,000 VENDOR
Ivanhoé Cambridge
PURCHASER
Silver Hotel Group
1445 & 1455 WEST GEORGIA STREET VANCOUVER, BC OFFICE/RETAIL
Colliers initially sold the 1445 West Georgia Street to an aggressive offshore buyer who intended to hold the office building as an investment with eventual redevelopment potential. After holding the property for some time the buyer ask Colliers to approach the neighbouring office building to facilitate a larger development in a shorter time period. 1455 West Georgia Street sold for a record price per buildable square foot value, even in Downtown Vancouver’s prestigious Coal Harbour neighbourhood. The two properties sold for a combined value $35 million for this 18,200 SF site.
SIZE
10,800 SF with 39,420 SF gross building area and 7,400 SF with 36,824 SF total rentable area
PRICE
Combined value
$35,000,000 VENDOR
Phileo Investments Inc. and Mansa Holdings Ltd.
PURCHASER
DPC Investments Ltd. COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 16
2995 PEDDIE ROAD MILTON, ON
INDUSTRIAL
This Class “A” Industrial distribution facility was completed in the late Spring of 2014 and is now ready for occupancy. It was constructed by the owner, Cooper Construction and has now been added to the North American industrial portfolio of Prologis L. P. Situated in the growing market of Milton, Ontario, this property has convenient access to Highway 401, a major thoroughfare of southwestern Ontario.
SIZE
303,200 SF
PRICE
$28,197,000 VENDOR
Cooper Construction Limited
PURCHASER Prologis L.P.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 17
250 LAWRENCE AVENUE WEST TORONTO, ON
DEVELOPMENT
1.43 acre site located in affluent and prestigious Avenue Road/Lawrence Avenue neighborhood with excellent redevelopment potential The building has excellent holding income from the existing medical building.
SIZE
30,000 SF
PRICE
$12,000,000 VENDOR
Lawrence Park Medical Centre Ltd.
PURCHASER
Graywood Developments Inc.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 18
1400 ALBERNI BLOCK
1444 ALBERNI STREET & 740 NICOLA STREET VANCOUVER, BC
OFFICE/ MULTI-RESIDENTIAL
Colliers facilitated the off-market sale of two adjacent properties in Downtown Vancouver’s West End that encompass an entire downtown city block. Although the property is currently improved with a mid-rise office complex and 20-storey apartment building, they were built circa 1970 and would require continued capital expenditures to be competitive in the market. With the City of
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 19
Vancouver’s adoption of the new West End Community Plan in November 2013, new developments in this area are designated for a maximum height of 500 feet. After working with several potential groups, Colliers found a well-financed buyer with a deep understanding of the Vancouver market to step up the plate and complete the transaction.
SIZE
43,282 SF
PRICE
$83,500,000 VENDOR
Private Investor
PURCHASER
Wall Financial Corporation
840-842 YORK MILLS ROAD TORONTO, ON
LAND/RETAIL DEVELOPMENT
Colliers marketed this 14 acre site with 314,400 SF of approved retail on behalf of The Home Depot. The team successfully negotiated a sale to SmartCentres for $29,623,000, representing over $2,100,000 per acre.
SIZE
14 Acres
PRICE
$29,623,000 VENDOR
Home Depot
PURCHASER
Clydesdale Shopping Centres (SmartCentres) COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 20
100 DISCO ROAD TORONTO, ON
INDUSTRIAL
The Class “A”, multi-tenant distribution facility attracted significant attention from Institutional, REIT and private investors. The appeal of the property was based around the location and quality of the asset, as well as the long term leases in place. Colliers strategic management and marketing drove this transaction to completion in record time.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 21
SIZE
VENDOR
PRICE
PURCHASER
260,995 SF
$29,325,000
IGRI (100 Disco Road Developments Inc.
CREIT (Canadian Real Estate Investment Trust)
CAMBRIDGE INDUSTRIAL PORTFOLIO >1425 BISHOP STREET >15 SHELDON DRIVE >101 SHELDON DRIVE >131 SHELDON DRIVE >1177 FRANKLIN BOULEVARD >1195 FRANKLIN BOULEVARD CAMBRIDGE, ON INDUSTRIAL
SIZE
This Industrial portfolio comprises six multi290,544 SF tenant industrial buildings and totals 290,544 square feet. It is a significant portfolio within PRICE the Cambridge industrial market with 58 tenants and an average of size of 4,600 square feet. The offering was met with strong interest from a both local investors and national
$20,610,000
VENDOR
Fengate Capital Management Inc.
PURCHASER
Skyline Commercial REIT
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 22
77 ROEHAMPTON AVENUE TORONTO, ON
MULTI-RESIDENTIAL
77 Roehampton is a premium apartment building, constructed in 1989 and located only steps from Yonge and Eglinton in Toronto. Colliers Apartment Team conducted a very savvy marketing process, and created a frenzy of demand. The cap rate of 3.4% translated into a sale value that far exceeded the client’s expectations.
SIZE
82,400 SF COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 23
UNITS 81 Units
PRICE
$20,500,000 VENDOR
Elserg Investment Inc.
PURCHASER
Conundrum Capital
CARGILL BUILDING 240 GRAHAM AVENUE WINNIPEG, MB
INDUSTRIAL
This institutional quality office asset features a premier Portage and Main sub-market location and a building area of 174,337 SF over 8-storeys. The property is the Canadian head office of Cargill Limited and offers the new owner an attractive lease profile with major credit and government tenants occupying 77% of the total building area.
SIZE
174,337 SF
PRICE
$42,287,000 VENDOR
Royal Canadian Properties Limited/ Spindrift Ventures Inc., Partnership
PURCHASER
I.G. Investment Management Ltd. as trustee for Investors Real Property Fund
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 24
SEAVIEW GARDENS 2290 MARINE DRIVE WEST VANCOUVER, BC
DEVELOPMENT/ MULTI-RESIDENTIAL
The Seaview Gardens apartment co-op was sold to Cressey Projects Corporation as a development site in early 2014. This sale represents yet another Metro Vancouver property with aging improvements that have become the subject of redevelopment.
SIZE
58,806 SF
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 25
PRICE
undisclosed VENDOR
Seaview Gardens Co-op
PURCHASER
Cressy Projects Corporation
OSHAWA MEDICAL CLINIC 111 & 117 KING STREET EAST 13-15 & 29 CHARLES STREET OSHAWA, ON
OFFICE
The Oshawa Clinic is Canada’s largest medical group comprising approximately 140 medical doctors. The Oshawa Clinic leased back their downtown portfolio for 10 years which represented 88% of the portfolio which provided the purchaser with cash flow stability and excellent contractual growth.
SIZE
86,450 SF
PRICE
$27,400,000 VENDOR
The Oshawa Medical Clinic
PURCHASER
Gross Capital Inc.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 26
NORTH YONGE PORTFOLIO >10 ELMWOOD AVENUE >5025 YONGE STREET >5925-5931 YONGE STREET >42 CUMMER AVENUE >79 SHEPPARD AVENUE WEST TORONTO, ON
MIXED-USE
Colliers was hired by court appointed receiver Duff & Phelps Canada Restructuring Inc. to execute on a Court Ordered Sale Process that included the broad marketing of this portfolio. This listing generated significant interest in all assets and generated sales to multiple buyers for a total portfolio value of over $28,000,000.
SIZE
Ranges from 5,000 SF - 8,000 SF
PRICE
Approximately
$28,164,000 VENDOR
Duff & Phelps Canada Restructuring Inc.
PURCHASER Various
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 27
ACCUMANAGEMENT APARTMENT PORTFOLIO WINNIPEG, MB
MULTI-RESIDENTIAL
The scale of this multifamily portfolio represented a very rare offering in the Winnipeg market and consisted of 353 apartment units situated in a total of 16 buildings located throughout three distinct Winnipeg neighbourhoods - Windsor Park, Osborne Village, and Garden City. Colliers acted as the exclusive advisor for the Vendor.
SIZE
VENDOR
PRICE
PURCHASER
10 Acres
undisclosed
Local Private Equity
Local Private Equity
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 28
835 & 885 OXFORD STREET OSHAWA, ON
MULTI-RESIDENTIAL
SIZE
The Sheldian Mansions in Oshawa, Ontario are 5 Acres a stone’s throw from General Motor’s largest Canadian manufacturing facility. Colliers UNITS Apartment Team exclusively listed for sale and 184 Suites marketed the properties in June 2013. The purchaser added to an already established PRICE foothold in the Oshawa sub-market. Previously, the Vendor had acquired the property in October 2011 for $11,450,000, equivalent to $62,228 per suite. As such, the Purchaser VENDOR assumed the outstanding debt for $10.2M at a Private Investor rate of 3.54%.
$15,900,000 PURCHASER Davpart Inc.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 29
3621 DUFFERIN STREET TORONTO, ON
DEVELOPMENT
Colliers assisted Canada Lands Company CLC Limited with the sale of this 4.2 acres of development land on 3621 Dufferin Street, a high profile corner site near Highway 401 and Allen Expressway. The property is a short walk from Wilson subway station and Yorkdale Shopping Centre. The buyer, the site was proposed for a development comprising of 207 condominium units and 186 stacked townhouse units with approximately 345,000 square feet of gross floor area.
SIZE
4.2 Acres
PRICE
$14,250,000 VENDOR
Canada Lands Company CLC Limited
PURCHASER
H&R REIT Properties Ltd.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 30
815-825 MIDDLEFIELD ROAD TORONTO, ON
INDUSTRIAL
This offering included two multi-tenant industrial buildings totaling 202,319 SF on a 10.02 acre site. These buildings benefit from quick access and close proximity to major transportation corridors, highly functional building configurations, large shipping courts and plentiful parking. There was a good amount of investor interest and in the end it was sold to a private investor.
SIZE
10.02 Acres
PRICE
$11,900,000 VENDOR
SREIT (Quest Middlefield) Ltd.
PURCHASER Private Investor
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 31
KINGSWAY RONA 1503 KINGSWAY VANCOUVER, BC
RETAIL
This highly coveted 66,318 SF development opportunity offers high exposure to one of Vancouver’s busiest arterials, Kingsway. Its current tenant RONA provides strong and secure holding income until its lease expiry in 2016, upon which construction for a new mixed-use development will commence. Colliers achieved a recordsetting price per buildable square foot value for the area with this sale.
SIZE
66,318 SF
PRICE
$21,000,000 VENDOR
Delesalle Holdings Ltd.
PURCHASER
Cressey Projects Corp.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 32
MERCEDES-BENZ 1395 WEST BROADWAY, VANCOUVER, BC
DEVELOPMENT
The former Mercedes-Benz property located on the corner of Hemlock Street and West Broadway was sold as a landmark redevelopment opportunity on Vancouver’s Westside. The highly desirable residential and retail location attracted several developers to bid on the site, which is situated within a block of a proposed rapid transit station. Colliers’ strategic process ultimately resulted in achieving a price far above expected market value. COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 33
SIZE
VENDOR
PRICE
PURCHASER
34,365 SF
$30,000,000
Mercedes-Benz Canada
Yuanheng Holdings
5220-5254 YONGE STREET TORONTO, ON
MIXED-USE
This 1.27 acres corner/lot/development site in the heart of North York Centre in conjunction with adjacent lands has been approved for a mixed-use development with a lot density of approximately 418,875 SF.
SIZE
1.27 Acres
PRICE
$20,000,000 VENDOR
Romspen Investment Corporation under Power of Sale
PURCHASER
Guizetti Corporation
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 34
6757 NORTHWEST DRIVE MISSISSAUGA, ON
INDUSTRIAL
The property is a “large bay” distribution facility with desirable logistics features such as 28’ clear height and trailer parking and is ideally located across from Toronto Pearson International Airport. The property will be tenanted on a long term basis by Schenker of Canada Limited. This opportunity was marketed through a competitive bid process and garnered strong institutional investor interest.
SIZE
392,919 SF
PRICE
$34,461,000 VENDOR
Schenker of Canada Limited
PURCHASER
LaSalle Investments
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 35
CANTERBURY HOUSE 270 ROSLYN ROAD WINNIPEG, MB
MULTI-FAMILY
Colliers successfully and strategically closed the sale of this twelve-storey apartment building consisting of 142 suites. The property features a premier location in the Osborne Village area of Winnipeg with exceptional views of the Assiniboine River and downtown and a diverse mix of tenants.
SIZE
142 suites
PRICE
undisclosed VENDOR
Private Investor
PURCHASER Private Investor
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 36
8875 TORBRAM ROAD BRAMPTON, ON
INDUSTRIAL/DEVELOPMENT
The property was a functionally challenged 20’ clear height single load distribution facility on a well located 37.50 acre site in Brampton. This property was marketed as an industrial redevelopment opportunity. The buyer has since demolished the building and is in the process of constructing a modern state of the art 895,308 square foot distribution facility which will have a clear height of 38’ and a LEED Gold certification. It will be the first LEED Gold industrial development in Canada. COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 37
SIZE
VENDOR
PRICE
PURCHASER
854,312 SF
$34,250,000
Hudson’s Bay Company
Carttera Management Inc.
105 KEEFER STREET & 544 COLUMBIA STREET VANCOUVER, BC DEVELOPMENT
This 18,287 SF mixed-use development site is located on the corner of Keefer and Columbia Streets in Vancouver’s trendy Chinatown neighborhood. Recently modified zoning bylaws in the area created a spurt of development activity in the area, making the site a hot commodity amongst local developers. Colliers understood the site’s environmental issues and helped the client overcome them to sell the site at a premium to its eventual purchaser.
SIZE
VENDOR
PRICE
PURCHASER
18,827 SF
$16,205,000
Rickshaw Chinese Food Ltd.
Beedie Development
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 38
LOYALIST PLAZA 4499 BATH ROAD AMHERST, ON
RETAIL
This is a well leased food anchored plaza in Amherstview which is a suburb of Kingston, Ontario. While 60% of the income is secured by national tenants such as Sobeys, LBCO, Subway and The Beer Store. It had been privately managed over the past 30 years which created the opportunity for the buyer to maximize their professional management skills and create greater value.
SIZE
68,000 SF on 7 Acres
PRICE
$13,000,000 VENDOR
Loyalist Plaza Ltd.
PURCHASER
Bryton Capital Co.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 39
CRAFTSMAN COLLISION 425 WEST 6TH AVENUE VANCOUVER, BC
DEVELOPMENT/RETAIL
The Craftsman Collision property is located at 425 West 6th Avenue, just one block from the Olympic Village Canada Line Station and retail amenities on Cambie Street. The property is located just one block from Cressey’s proposed Fifth Avenue office development and acquiring this site will give them economies of scale when it comes time to redevelop the property.
SIZE
24,156 SF
PRICE
$14,500,000 VENDOR
Fleming & Reimer Investments Ltd.
PURCHASER
Cressy Projects Corporation
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 40
25 ONTARIO STREET TORONTO, ON
DEVELOPMENT
25 Ontario Street represented an exceptional opportunity to acquire a strategically located redevelopment site in Toronto’s historic downtown east neighbourhood. The site offers a ready to develop 21-storey, single tower condominium project of 215,170 SF with two years of holding income from the current tenant, Sun TV.
COLLIERS INTERNATIONAL | INVESTMENT SERVICES | P. 41
SIZE
21,850 SF 215,170 SF of density
PRICE
$14,100,000
VENDOR
Torli Office Limited Partnership
PURCHASER First Gulf
INVESTMENT SERVICES LANDLORD REPRESENTATION TENANT REPRESENTATION CORPORATE SOLUTIONS PROJECT MANAGEMENT PROPERTY MARKETING REAL ESTATE MANAGEMENT SERVICES RESEARCH SERVICES VALUATION & ADVISORY SERVICES
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