OTTAWA, April 28 /CNW/ - Primecorp Commercial Realty Inc., acting as
exclusive agent for a Private Investor, announced today that it has
completed its mandate by selling an Industrial Portfolio located in
Mississauga to GPM Investment Management. The Portfolio consisted of
five single-tenanted industrial buildings, located at 1222-1238, 1246 &
1260 Aimco Boulevard and 1123 Lorimar Drive in Mississauga and
comprising of approximately 73,500 square feet.
"I am so excited that our National Investment Team continues to execute
strategic transactions in Canada's
largest markets and with major investors such as GPM" says Primecorp
Principal, Aik Aliferis.
GPM is a fully integrated real estate investment management company
offering a complete range of services
to pension funds, endowments, foundations and high net worth individual
investors. Frank Bartello, Vice-
President of Acquisitions comments, "We recently completed our first
deal with Primecorp and were very
impressed with the professionalism, knowledge and dedication Aik
Aliferis and the entire Primecorp team
brought to the table. The deal was not without its challenges but
Primecorp worked very hard in ensuring this
deal closed, and their efforts and superior response time was critical
in getting the deal over the goal line."
Nick Pantieras, Primecorp Principal, further comments that
"single-tenanted core industrial properties in the
Greater Toronto Area remain a coveted asset class by institutional
Aik Aliferis adds, "This was a very complicated sale to finalize; the
ability to satisfy the Vendors requirements
was not purely monetary. I was very happy that Frank Bartello and the
GPM team was at the table, their
transaction expertise was crucial in ensuring that this transaction
would be completed."
This transaction reinforces Primecorp's continued success and ability to
complete substantial investment
transactions in the Canadian Real Estate market, demonstrating that it
is one of Canada's most progressive
Investment Real Estate Advisory Firms.
With a strategic focus on Commercial Real Estate Investment Brokerage
and Management, Primecorp's
Principals, Aik Aliferis, Nick Pantieras, Sam Firestone and Steve Lerner
have completed in excess of C$3.6
billion dollars in Real Estate transactions in over 46 Canadian cities
since its inception in 1998. Clients have
included Private and Institutional Investors, Public Corporations, REITS
and International Investment
SOURCE PRIMECORP COMMERCIAL REALTY INC.
For further information:
1.888.720.2020 ext 234