A Toronto-based real estate investment firm has partnered with an Ottawa company to buy a prominent downtown office building in a deal worth nearly $12.5 million.
Marlin Spring said Wednesday it’s acquired a 12-storey tower at 81 Metcalfe St. from Canada Mortgage and Housing Corp. in a joint venture with Ottawa real estate firm Colonnade BridgePort. The 61,000-square-foot building at the corner of Metcalfe and Slater streets is home to a variety of government, health-care and professional services tenants.
The deal marks the first Ottawa acquisition for Marlin Spring, which owns more than eight million square feet of multi-residential property in Canada and the United States and is now making a push into the commercial sector.
A Toronto-based real estate investment firm has partnered with an Ottawa company to buy a prominent downtown office building in a deal worth nearly $12.5 million.
Marlin Spring said Wednesday it’s acquired a 12-storey tower at 81 Metcalfe St. from Canada Mortgage and Housing Corp. in a joint venture with Ottawa real estate firm Colonnade BridgePort. The 61,000-square-foot building at the corner of Metcalfe and Slater streets is home to a variety of government, health-care and professional services tenants.
The deal marks the first Ottawa acquisition for Marlin Spring, which owns more than eight million square feet of multi-residential property in Canada and the United States and is now making a push into the commercial sector.
Greybrook Realty Partners & Marlin Spring Brand Jointly Owned Asset Manager – Greyspring Apartments
December 14, 2020 13:42 ET | Source: Greybrook Realty Partners Inc. Greybrook Realty Partners Inc. Toronto, Ontario, CANADA
TORONTO, Dec. 14, 2020 (GLOBE NEWSWIRE) Greybrook Realty Partners and Marlin Spring are pleased to announce the new branding of their jointly owned investment and asset management firm, Greyspring Apartments. With a portfolio of more than 2,000 units and CAD$375 million in assets under management, Greyspring Apartments is focused on the acquisition and repositioning of multi-family assets throughout Canada.
The new name and branding is an important step in Greyspring’s evolution as an independent operating business. Formed in 2018 by long standing-partners Marlin Spring and Greybrook Realty Partners, Greyspring Apartments was established with the goal of building a leading asset management firm with