40 Holly Street – Toronto Ontario
A 67,928 square foot Class ‘A’ office property located in the vibrant Yonge & Eglinton node of mid-town Toronto. The property benefits from immediate proximity to an array of amenities, and is directly across the street from the TTC transit station. The property was acquired in 2008 for $11,800,000. At the time of acquisition, the property was 30% empty owing in part to poor management. The property was successfully 100% leased at the time of sale and sold in 2011 for $14,000,000. The property was also successfully coupled with two other office properties at the time of sale to obtain a portfolio premium from an offshore purchaser.