330-346 Bay Street, Toronto

A sixteen and thirteen storey 156,127 square foot office building of Class ‘B’ built circa 1929, totally integrated and renovated in 1982 is located on the north west corner of Bay Street and Adelaide Street west, in the heart of Toronto’s financial core.

What We Have Learned
The client, an off shore pension fund represented and guided by a US based asset manager, was finalizing its portfolio rationalization process. Timely execution, in an environment where approximately 35% of the property tenancy had leased maturity, was an important client objective.

Effective resources were efficiently deployed to underwrite the asset and to model relevant financial proforma. An aborted first attempt of a sale-purchase was quickly replaced by another contract closing on a timely basis.

“You met all of our expectations for this mandate, as is testified to by the successful closure of a deal that was, at times, quite complicated. Your own intense focus and commitment to the process from day one until closing was also very much appreciated.”

Mark T. Ledger, President
Aegis Realty Consultants

P.G. GAGNÉ COMMERCIAL REAL ESTATE CORP., Brokerage, 220 Bay Street, 9th Floor, Toronto, Ontario, M5J 2W4 • Tel: 416-955-1885 Fax: 416-862-2136 • pierre@gagnerealestate.ca