First Capital Realty Inc., one of Canada’s largest owners, developers and managers, purchased the Cliffcrest Plaza in Toronto, ON for $31 million, or about $430 per square foot.
The single-story retail centre was originally constructed in 1962 and sits on 6.9 acres at 2965-3049 Kingston Rd. The plaza has a total of 72,000 square feet and is anchored by Shoppers Drug Mart.
David Marr from Brookfield Financial Real Estate represented the seller...
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