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Agellan Strikes Deal to Sell Parkway Place for $256 Million

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Toronto-based Agellan Commercial Real Estate Investment Trust disclosed Friday that it has agreed to sell its four-building Parkway Place office and retail property for $256.3 million, ending an acrimonious dispute with some of its largest unitholders. After markets closed Friday, the REIT announced it had sold the 812,602-square-foot office complex located on Consumers Road in Toronto to an undisclosed third-party. The sale includes the property...

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