Ashlar Urban Brokers User-Sale of Character Office Building in Toronto

TORONTO, Sept. 29 /CNW/ - Northern Lights Direct Response Television Inc., a leading brand-based agency offering production services in the United States and Canada has purchased a 20,000 square feet of gross Class B office in Toronto, Ontario. Ashlar Urban brokered the sale of 15 Duncan Street, between King and Adelaide Streets in the Financial Core. The property will become the new Northern Lights headquarters, and the company will occupy half of the building. The fully-leased property's current tenants include two law firms and a financial services firm. The transaction was reported at $4.425 million CDN.

Craig Smith, Broker of Record and President, and Fraser McKay, Sales Representative with Ashlar Urban represented Northern Lights Direct Response Television Inc. in the acquisition of this property, which marks the fourth transaction this year for the firm in the owner/user space. Bucking the current trend, users continue to obtain debt and complete acquisitions despite the general malaise in office acquisitions and the commercial real estate investment sector.

"Our long-standing relationship with Ashlar Urban over the past fifteen years has been characterized by unquestionable integrity, in-depth market knowledge, and tactful negotiation," said Luc Bourgon, Chief Operating Officer of Northern Lights Direct Response Television Inc. "Ashlar demonstrated excellent patience and strategy over our three year search to successfully acquire our new corporate headquarters at 15 Duncan Street."

Ashlar Urban is a full service real estate firm located in Toronto, Ontario and the Toronto area representative for NAI Global, the world's largest managed network of real estate service-providers comprising 5,000 brokers in 325 offices serving in 55 countries throughout the world. Ashlar Urban's professionals represent clients in all aspects of commercial real estate including multi-site acquisitions and dispositions, sublease, tenant/landlord representation, lease administration/audit, investment services, and consulting and advisory services. To learn more, visit www.ashlarurban.com

SOURCE ASHLAR URBAN REALTY INC. - REAL ESTATE BROKERAGE

For further information: For further information: Stacey Funk, Marketing Director, Tel (416) 205-9222

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ASHLAR URBAN REALTY INC. - REAL ESTATE BROKERAGE

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