Acquisitions
25 & 75 Watline Avenue, Mississauga, Ontario
June 6, 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:
About Nicola Wealth Real Estate
Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth. Our team acquires and manages properties for Nicola Wealth’s real estate portfolios. We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.
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.”