Adelaide Development Corp., a commercial and multi-residential property management company, acquired the Hsin Kuang Centre at 346-348 Spadina Ave. in Toronto from Hsin Kuang Restaurant Holdings for slightly more than $8.3 million, or approximately $301 per square foot.
The building delivered in 1957 as a retail building. The new owners are currently renovating the building to accommodate more office space with some retail space on the first floor...
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