80 - 100 Yorkville Avenue, Toronto - Retail Sale Closed

Real estate partners Leor Margulies and Peggy Spadafora and one of our senior law clerks, Helen Wright, acted on the sale of the retail component of the new addition to the Yorkville condominium skyline, 80-100 Yorkville Avenue, Toronto. The space comprised approximately 29,000 sq. ft. of high end retail with tenants such as Diesel and Anthropologie. The sale was completed for a sale price of approximately $28,000,000.00 by Yorkville (2001) Limited, an affiliate of the Invar Building Group and Tricon Capital to 80 & 100 Yorkville Corp. at the end of January 2010. It was reported by RealNet as being in the top 5 retail transactions in Canada, as of June 7, 2010. More recently, 97 luxury condominiums were closed in the residential component of the project in June 2010, and a further 6 luxury townhomes in August 2010.