TORONTO, Feb. 22 /CNW/ - The Toronto Economic Development Corporation
(TEDCO) and its partners have been nominated as one of three finalists for the
Office Lease of the Year award for the Corus Entertainment building. The
building is currently under construction on the East Bayfront portion of
Toronto's waterfront. The NAIOP Real Estate Excellence Award (REX Award)
represents one of the more prestigious standards of achievement within the
office and industrial real estate industry in Greater Toronto.
"Our lease with Corus Entertainment has resulted in a new office and
broadcast centre for our City," said Jeffrey Steiner, TEDCO President and CEO.
"It also reflects the first private sector investment in Toronto's East
Bayfront section of the waterfront."
The Toronto Economic Development Corporation is pleased to be nominated
and congratulates all other award nominees. Its team consists of TEDCO, Corus
Entertainment Inc., DTZ Barnicke, Robins Appleby & Taub and RBC Capital
"DTZ Barnicke is honoured to be a finalist for our part in coordinating
this exciting new development on the waterfront," said James Higgs, Vice
President Office Leasing at DTZ Barnicke. "This was a complex lease agreement
that achieved objectives for both TEDCO as landlord and Corus Entertainment as
a long-term tenant."
DTZ Barnicke provides a comprehensive range of brokerage services and
value-added business advice in commercial real estate to leading international
corporations, institutions and portfolio owners across Canada.
NAIOP is the National Association of Office and Industrial Properties
representing the commercial real estate industry. The REX Awards will be
presented at a gala dinner on Monday, February 25th in Toronto where winners
in each category will be announced.
TEDCO owns more than 500 acres of land and is the City of Toronto's
economic development corporation focused on commercial, industrial and
mixed-use projects. Incorporated in 1986, TEDCO is self-financing and operates
as an arm's-length entity from the City. TEDCO's operations involve real
estate development, economic development, and property and environmental
management working with a range of public and private sector partners. TEDCO
is a private-public hybrid, governed by a ten-member Board comprised of both
private and public sector Directors.
For further information:
For further information: Eva Varangu, Director, Communications & Public
Affairs, Toronto Economic Development Corporation (TEDCO), (416) 981-3869,