Crown Acquires Oakville Flex Offices
Jun 19, 2019
Jun 19, 2019
Crown is excited to announce that we have acquired a three asset portfolio in Central Oakville on an off-market basis. The portfolio consists of a 2.6 acre plot of land and two flex office assets, located at 1045, 1075 and 1155 North Service Road West.
The portfolio has been maintained to a high standard and consists of a total of 185,324 square feet of space fronting on North Service Road West, between 3rd and 4th Line abutting the Queen Elizabeth Way (“QEW”), offering highway exposure. The properties offer a best-in-class flex office environment and is the fifth acquisition made on behalf of Crown’s value-add fund, Crown Realty IV Limited Partnership (“CR IV LP”).
The Properties are collectively 74% leased to 22 tenants operating in a wide range of industries, including government, storage, financial services, real estate and engineering. 1075 North Service Road offers an immediate vacancy of 24,500 square feet of competitively priced flex office space with Highway Exposure!
Both buildings are BOMA Certified and 1075 North Service Road has achieved LEED certification.
Stay tuned for more information to come regarding leasing opportunities through our brokerage partner who will be listing the portfolio at Avison Young.