Morguard Finalizes $66.5 Million Acquisition of 123 Commerce Valley Dr. East in Markham

Morguard Corp. (TSX: MRC) has purchased 123 Commerce Valley Drive East, an eight-storey, Class A office building located at 123 Commerce Valley Drive in Markham, ON for $66.5 million, or about $308 per square foot. The 203,500-square-foot property sits on 10.6 acres between Leslie St. and Highway 404 and just north of Highway 407, providing easy access to both 400 series highways as well as local transit. The property was completed in 2000 and...