Primecorp acts as exclusive Advisor in the C$26.1 million sale of Emerald Plaza, a Retail & Office Complex in the Nation's Capital

OTTAWA, May 3, 2016 /CNW/ - Primecorp Commercial Realty Inc., acting as Advisor, announced today the successful sale of Emerald Plaza, a 151,897 square foot mixed-use complex with a five storey office component 56,823 square feet and a 95,074 square foot retail strip mall.

This transaction, completed by Aaida Oakley with the assistance of Johanna Oakley, demonstrates once again Primecorp's expertise in completing investment grade real estate transactions in all real estate sectors.

Strategically located along the east side of Merivale Road, one of the National Capital Region's busiest retail shopping corridors, the asset is well anchored by strong and longstanding tenants including: TD Canada Trust, Buffet Yang Ming, Pet Smart, & Alexanian Flooring Limited. Recently, retail giant Costco has been added to the roster as they leased 17,000 square feet for storage serving their nearby Hunt Club & Merivale Road location.

Both the Buyer and Seller are private companies in a transaction which closed in approximately four months. The Buyer is an experienced company dedicated to providing quality management and service, with the Seller being a large company with a long-standing reputation for dependability and quality. They are both a dedicated group of professionals with a long and successful history of managing a diverse portfolio of properties.

"The Christmas Holidays were certainly eventful this year. One of my best clients submitted an offer that had to be negotiated, so I found myself simultaneously negotiating terms and cooking Christmas dinner! I really can't complain though; the people involved in this deal were so prepared and organized, it was a pleasure to work with them. This deal came together seamlessly and efficiently in four months, how many brokers can say they've done that in the middle of a holiday meal?" said Aaida Oakley, Broker.  Oakley has been a successful Commercial Real Estate Broker for over 30 years.

"Primecorp continues to prove it is one of the most dynamic and successful full-service independent commercial brokers in the Country, having completed transactions in excess of C$6 billion in over 55 Canadian cities since its inception.  We are proud of Aaida in completing this important transaction" said Sam Firestone, COO, Founding and Managing Partner at Primecorp Commercial Realty.­

Primecorp is a progressive Commercial Real Estate Investment Brokerage, Management, and Advisory Firm founded in 1998 by Principals Aik Aliferis, Sam Firestone, Steve Lerner, and Nicolas Pantieras. The Firm has offices in Ottawa, Toronto, Gatineau, and Montréal.

WWW.PRIMECORP.CA

 

SOURCE PRIMECORP COMMERCIAL REALTY INC.

Image with caption: "Logo: Primecorp Commercial Realty Inc. (CNW Group/PRIMECORP COMMERCIAL REALTY INC.)". Image available at: http://photos.newswire.ca/images/download/20160503_C3993_PHOTO_EN_681528.jpg

For further information: MEDIA RELATIONS - Sam Firestone, COO, Founding & Managing Partner, Broker of Record, 1.888.720.2020 ext 222

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http://www.primecorp.ca

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