Denison Market Square

7200 Markham Rd, Markham ON

Date Purchased March 2007	Date Sold December 2010
Purchase Price $7,788,000	Sale Price $8,000,000
Site Area 3.86 acres	Gross Leasable Area 37,245 SF
Fund: Churchill IV Real Estate Limited Partnership

Property Description

This retail plaza is located in the City of Markham in the Greater Toronto Area. Constructed in 1995 on a 3.86 acre site, it is situated on the SW corner of Markham Road and Denison Street. The building is 37,245 SF of street level retail space anchored by Loblaws. The location is a growing area with residential developments surrounding the plaza. Denison Square fronts on Markham Road and is easily accessible from Steeles Avenue, Hwy 407 and Hwy 7. Known as Canada’s hi-tech capital, Markham is home to a long list of blue chip companies, including IBM, Apple Computers, GE Capital, Wyeth, Pfizer, Sun Microsystems, Compaq Canada, Dell, Motorola and many others. The property was originally purchased in March 2007 and sold in December 2010.