Greater Toronto, Aug. 7, 2018 /CNW/ – True North Commercial Real Estate Investment Trust is pleased to announce it has agreed to acquire a 61,000 square foot office property located at 80 Whitehall Drive, Markham, Ontario.
“We are pleased to continue to deploy the proceeds from the July 2018 public unit offering into a property that fits well within the REIT’s core strategy, being 100% occupied by credit-rated tenants with long-term leases,” said Daniel Drimmer, the REIT’s President and Chief Executive Officer. “The property is well-positioned in a sought-after office submarket that continues to experience low vacancy rates, increasing net rents and attractive population growth.”
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