TORONTO & MARKHAM, Aug. 16, 2018 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is pleased to announce it has closed the previously announced acquisition of an office property located at 80 Whitehall Drive, Markham, Ontario (the “GTA Property“).
The GTA Property is a suburban office building with 61,000 rentable square feet and 199 parking stalls. The property is located in the heart of Markham’s prime “Highway 404 and 407” employment node and provides convenient access to Highways 7, 404 and 407. The property is also in close proximity to vivaNext Bus Rapid Transit (BRT) connections. With an average remaining lease term of 11.0 years, the building is 100% occupied by credit-rated tenants who have made significant investments into the property.
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