Royal Windsor Industrial (Churchill III – 25% interest)

2311 Royal Windsor Drive, Mississauga ON

Date Purchased April 2005	Date Sold November 2007
Purchase Price $1,837,500	Sale Price $2,214,000
Site Area 11.5 acres	Gross Leasable Area 203,618 SF
Fund: Churchill III Real Estate Limited Partnership

Property Description

Located at 2301 – 2311 Royal Windsor Drive, in the City of Mississauga, the property is comprised of two freestanding industrial buildings with gross leasable area of approx. 203,618 SF. This 11.5 acre site is strategically located in a desirable GTA West industrial location, just north of Lakeshore Road and east of Winston Churchill Boulevard. This key location is within close proximity of Highway 403 and the Queen Elizabeth Way and provides excellent access to all major urban centres within Canada and the US.Churchill acquired the property in April 2005 for $12,250,000 and divested the property in November 2007 for $14,760,000. Participating funds in this property were: Churchill II Real Estate Limited Partnership (75%) and Churchill III Real Estate Limited Partnership (25%).