OTTAWA, July 14, 2015 /CNW/ - Primecorp Commercial Realty Inc., acting as Advisor, announced today the successful purchase by a Private Investor of Mercury Court, a 51,459 square foot, three-storey office building with ground floor retail strategically located in the Byward Market of Ottawa, the Nation's Capital.
This transaction, completed by Primecorp's National Commercial Group, led by Aik Aliferis and Nick Pantieras, demonstrates Primecorp's continued success in completing investment grade real estate transactions in all economic environments. The property is located within Ottawa's iconic and trendy Byward Market, providing premium pedestrian and vehicular exposure and accessibility. The property is anchored with prominent retail tenants including Lone Star, Second Cup, Chez Cora and Gabriel Pizza.
"Seldom do properties such as this trade in any Canadian market; the opportunity to acquire such an asset is a once in a lifetime opportunity. Typically private investors will keep this type of Property in the family for generations. The location in the iconic Byward Market makes this strategic and trophy acquisition a long term play for the Buyer. With the addition of this asset he has added an exceptional and significant Property to his growing portfolio" says Aik Aliferis, CEO of Primecorp.
"Our Mercury Court transaction is testimony to the continued healthy market fundamentals driving Commercial Real Estate in Canada" said Nick Pantieras, President of Primecorp. "In addition to its attributes as a retail/office complex with strong investment parameters, this singular property's architectural character and location combine to make it a focal point of one of Canada's most dynamic historic districts".
Primecorp is a progressive Commercial Real Estate Investment Brokerage, Management and Advisory Firm founded by Principals Aik Aliferis, Sam Firestone, Steve Lerner and Nicolas Pantieras. The Firm has offices in Ottawa, Toronto and Montréal. Primecorp has completed Real Estate transactions in excess of C $6.0 billion since inception in over 55 Canadian cities.
SOURCE PRIMECORP COMMERCIAL REALTY INC.
Image with caption: "Primecorp acts as exclusive Advisor as Nation's Capital landmark trophy property, Mercury Court, sells for 22 Million Dollars ($22,000,000) (CNW Group/PRIMECORP COMMERCIAL REALTY INC.)". Image available at: http://photos.newswire.ca/images/download/20150714_C8549_PHOTO_EN_445740.jpg
For further information: MEDIA RELATIONS - AIK ALIFERIS, 1.888.720.2020 ext 234, WWW.PRIMECORP.CA