LaSalle Kim Clouthier

LaSalle acquires Burlington office portfolio

Friday, January 29, 2016

LaSalle Investment Management has acquired a portfolio of four Class A office towers in Burlington, Ontario, near the Queen Elizabeth Way, Burlington Transit and GO Transit.

 

Already 83 per cent leased to a global tenants, such as TD Bank, Royal Bank of Canada, Sodexo Canada, Certas Insurance and London Life Insurance, among several technology companies, The Burlock Towers offer on-site amenities including fitness centres, food services, free parking and conference spaces.

 

Crown Property Management Inc. will provide on-site property management, and is currently in the process of improving the quality of the towers and enhancing services.

 

“The Burloak Towers are a first-class property complex that will add value for our clients for years to come due to an already strong tenancy base and strategic commuter location,” said Greg Spafford, managing director of LaSalle. “With downtown Toronto remaining one of Canada’s hottest office markets, we’re excited to add this Class A office space that provides an attractive leasing option for businesses looking for quality office space with convenient access to downtown and the Greater Toronto Area.”

 

LaSalle has previously developed, leased, and sold more than 1.3 million square feet of office and distribution space in Burlington, including UPS’ Canada’s head office and regional distribution center.

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