Allied Closes $60 Million Acquisition of 56 The Esplanade

Allied Properties Real Estate Investment Trust (TSX: AP.UN) completed its acquisition of 56 The Esplanade in Toronto, ON for $60 million, or about $788 per square foot. The 76,112-square-foot, five-storey office building is located on the north side of The Esplanade in the St. Lawrence market area of Toronto's Downtown South submarket. Originally constructed in 1903 for a manufacturer of flour milling equipment, the building was later renovated...