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Crown Acquires GTA Office Portfolio

GTA North Acquisition Graphic

Markham, ON – (April 14, 2021) Crown is pleased to announce its latest acquisition of 30 and 60 Centurian Drive and 7181 Woodbine Avenue located in Markham, Ontario and 1 Valleybrook Drive located in Toronto, Ontario.

The 220,448 sq. ft. portfolio on over 10.63 acres of land is well located with access to major highways, public transit, quality residential areas and complementary business and service amenities. All low-rise buildings, each of the properties offer tenants affordable space with excellent branding opportunities and flexibility for future growth.

The properties are collectively 93% leased to 74 tenants from a diverse range of industries including financial services, real estate and engineering. Crown will invest in capital upgrades to ensure continued tenant satisfaction at affordable pricing.

Crown took on another 415,561 sq. ft. of management this month, bringing the property management for a 7-property flex office portfolio in the Ottawa market in-house. Since 2019 when Crown made its first acquisition in this market, Crown now owns and manages more than 700,000 sq. ft. of office space within suburban Ottawa.
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For leasing inquiries, please contact:

Ryan McAskile*
Director, Leasing

Twitter: @CrownCRP
Instagram: @CrownCRP
LinkedIn: Crown Property Management Inc.