Crestpoint Acquires Notable Office Tower in Toronto’s Financial District
1.5 min read
Crestpoint Real Estate Investments Ltd. is moving full steam ahead to acquire properties across the city after their recent acquisition of 121 King St. W. was announced. The class A office tower comprises 540,000 square-feet spread across 25 storeys and is located in Toronto’s financial district. The renovated building is LEED EB Gold, BOMA BEST Gold, Wired Score Platinum, Fitwel Viral Response, and Rick Hansen certified. Crestpoint invested in its open-ended Crestpoint Core Plus Real Estate Strategy and an institutional partner.
During the announcement, Kevin Leon, President and CEO of Crestpoint, stated, “Over the past year, we have grown the portfolio significantly and added landmark, high-quality properties like 121 King Street and the Amazon distribution centre in Ottawa. The ability to add a Toronto financial core building connected to the PATH system in such a strong location, with high-quality tenancies, further elevates the profile of the Crestpoint Core Plus Real Estate Strategy portfolio.”
121 King is noted to offer excellent transit access and a variety of retail and entertainment amenities. Crestpoint is looking forward to creating a dynamic workplace for existing and future tenants.
Learn more about the acquisition.
Reference
Crestpoint acquires downtown Toronto 121 king W. office tower: RENX - real estate news exchange. RENX. (2022, April 27). Retrieved May 3, 2022, from https://renx.ca/crestpoint-acquires-downtown-toronto-121-king-office-tower/
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