PRIMECORP COMPLETES SALE OF GTA INDUSTRIAL PORTFOLIO

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 investors."

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
Groups.

SOURCE PRIMECORP COMMERCIAL REALTY INC.

For further information:

MEDIA RELATIONS

AIK ALIFERIS
1.888.720.2020 ext 234
WWW.PRIMECORP.CA

Profil de l'entreprise

PRIMECORP COMMERCIAL REALTY INC.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.