VAUGHAN, ONTARIO–(Marketwired – July 7, 2017) – Smart Real Estate Investment Trust (TSX:SRU.UN) and Mitchell Goldhar announced today that they have signed a 13 year (plus two 5 year extensions) lease transaction with FM Global in the KPMG Tower at SmartCentres Place in Vaughan. FM Global is one of the world’s largest commercial and industrial property insurers.
The 360,000 square foot KMPG Tower is connected underground to the new subway station which provides a direct subway connection to downtown Toronto. The subway is scheduled to be operational in December 2017. FM Global will occupy approximately 48,000 square feet and is expected to open in the first quarter of 2018. Construction on the PwC – YMCA Tower is underway while construction on the Transit City Condos, the first residential component, will begin later in 2017.
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