Fund:
Churchill VI Real Estate Limited Partnership
Property Description
Located within the GTA in the City of Vaughan, this single-tenant, 100,398 SF, two-storey, class ‘A’ office building is well situated in an affluent neighbourhood minutes from Vaughan Mills Shopping Mall, and offers easy access to Hwy 400 and Hwy 401. The site is 6.9 acres in size and was developed in 2008 with market leading energy-efficient design and systems to keep operating costs low. The space is attractively finished with polished concrete slab and carpeted flooring; wood and glass paneled demising; and a coffered drywall ceiling with pot lighting. An “atrium” style common lobby is situated at the rear of the reception and extends through the centre of the building. A large full-service cafeteria and a test kitchen are situated on the east side of the common area. The main floor is 75,485 SF and has a large open concept office environment with glass partitioned meeting rooms. The second floor is 24,494 SF and has a common element area that overlooks the main floor lobby. Churchill acquired the property in May 2010 for $34,750,800 and divested in April 2013 for $42,000,000.Participating funds in this property were: Churchill VII Real Estate Limited Partnership (50%); Churchill VI Real Estate Limited Partnership (25%); Churchill Vaughn Limited Partnership (25%).
