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Staples Canada Completes Sale Leaseback for Headquarters Building in Richmond Hill

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Staples Canada has sold its headquarters building in Richmond Hill, Ontario, in a sale leaseback that will see the Massachusetts-based office supply retailer maintain its offices at 6 Staples Ave. on a new 15-year lease. True North Commercial REIT, an open-ended real estate investment trust headquartered in Toronto, paid $33 million, or about $270 per square foot, to acquire the 122,000-square-foot, four-storey office building at 6 Staples Ave...

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