Starlight Investments (Starlight) has purchased a 50 per cent interest in the Mississauga Executive Centre (MEC), located at 1-4 Robert Speck Parkway in Mississauga, Ontario.

MEC is a Class A, LEED Gold certified office complex that encompasses 1,150,000 square feet of prime commercial space situated on 26 acres near three major expressways: Highway 401, 403 and 407 and other transportation modes. The site links to walking trails along Cooksville Creek and is adjacent to the Square One Shopping Centre.

“This is a modern and well-maintained property featuring a stable and diverse tenant roster, anchored by long-term leases of credit tenants,” stated Daniel Drimmer, president and chief executive officer of Starlight.

Construction is set to begin in 2018 and be completed in 2022 on the Hurontario-Main Light Rail Transit line (LRT). The LRT’s planned route is along Hurontario-Main Street and running immediately adjacent to MEC.