Acquisitions

25 & 75 Watline Avenue, Mississauga, Ontario

June 6, 2017
Office
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of 25 & 75 Watline Avenue in Mississauga, Ontario. The property is comprised of an 88,539 sf six-storey office building and a 69,271 sf single-storey flex-office building, situated on approximately 9.5 acres of land.

Construction of the Hurontario-Main Light Rail Transit (LRT) line is scheduled to start in 2018, and a future station will be located within a short walking distance of the property.

Special Thanks To:
  • Brokers – Bill Pitt, Andrew Barnicke, Scott Chandler, John Stewart, Jay Finch and Alex Chan (Colliers International)
  • Financing – Norm Arychuk (Avison Young)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Partner & Director 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions 778-383-4020
Shaun Blythen Acquisitions Manager 604-558-5500

About Nicola Crosby

Nicola Crosby Real Estate, a subsidiary of Nicola Wealth Management Ltd., sources properties for the SPIRE Real Estate portfolios. For a complete listing of our portfolio please visit www.nicolacrosby.com.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”