Dec 19, 2011
Sale of 1 Atlantic Avenue, Toronto
Darrell Gold, a partner in our Real Estate Group, together with senior law clerk, Helen Wright, represented the vendor, One Atlantic Avenue Limited, on the negotiation and successful completion of the sale of 1 Atlantic Avenue, Toronto to Minto (1 Atlantic) Inc. for an effective purchase price of just under $20 Million. The 1.78 acres site is located in the southernmost end of Atlantic Avenue with prime exposure onto the Gardiner Expressway and included about 60,000 sq. feet of rentable area as well as 2 "spectacular" roof-top signs of approximately 40 x 80 sq. feet each and 1 "spectacular" ground level sign.