Sutter Hill Developments Acquires 50% Interest in Yonge Street Office Tower
1 min read
Toronto’s commercial real estate sector, specifically the office market, remains at the top of mind for investors like Sutter Hill Developments after acquiring 50% interest in 110 Yonge Street. The 20-storey tower is ranked as a class A building and will hold shared interest with Choice Properties REIT.
During the recent announcement, Karim N. Kanji, President and CEO of Sutter Hill, stated, “Commercial real estate will continue to be an outstanding investment, especially with trophy assets in major cities. As tenants’ needs are ever-evolving, we are at the forefront of meeting those demands with premier buildings and centre-ice locations. Our forward-thinking approach has positioned us well for the strong recovery that we anticipate.”
Spanning over 160,000 square feet, 110 Yonge Street offers Sutter hill an abundance of leasable space. Direct access to three levels of underground parking, as well as Toronto’s underground pedestrian PATH, is what makes this property highly sought after.
Learn more about the acquisition.
Reference
Wilcox, D. (2021, March 19). Sutter Hill buys 50% interest in 110 yonge Office TOWER: Renx - real estate NEWS EXCHANGE. Retrieved March 19, 2021, from https://renx.ca/sutter-hill-buys-50-interest-in-110-yonge-office-tower/
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