HOOPP Realty Inc. a subsidiary of the Healthcare of Ontario Pension Plan, has agreed to buy a half interest in the TransCanada Tower in downtown Calgary for $257.4-million.
H&R Real Estate Investment Trust, the vendor, says the property has almost doubled in value in the 15 years since it was built in 2001.
HOOPP Realty manages about $64-billion of assets for its members.
The deal is subject to conditions but expected to close in November.
The 38-storey TransCanada Tower houses the headquarters for TransCanada Corp., one of North America’s largest pipeline and energy infrastructure companies.
From | Pure Industrial Real Estate Investment Trust, Vancouver. Pure announces the following acquisition.
DEAL | Alberta industrial portfolio of eight properties in Calgary and Edmonton, totaling 1.2 million square feet. Bought from Artis Real Estate Investment Trust. Price: $171.1 million.
From | NAI Commercial, Vancouver. NAI agents Gary Haukeland and JD Murray sold the following:
DEAL | 4.97 acres of industrial-zoned land, located on 88th Avenue, Surrey. Price: $11 million.
NAI agent Don Ellis sold the following:
DEAL |15,000-square-foot commercial building on a 17,000-square-foot lot, Edmonds Street in Burnaby. Price: $3.8 million.
NAI agent Doug O’Neill sold the following:
DEAL | 14,299-square-foot industrial unit, situated on 3 acres, North Fraser Way in Burnaby. Price: $2.84 million.
NAI agents Angie and Don MacDonald sold the following:
DEAL | 4,000-square-foot retail building, Logan Drive, Langley. Price: $1.12 million.
NAI agent Michael Marckwort sold the following:
DEAL | 11-unit multi-family rental building, Salmon Arm, B.C. Price: $800,000.
From | Re/Max Sea to Sky Real Estate Ltd., Whistler. Re/Max agent Dave Beatty sold the following:
DEAL | 8,592-square-foot commercial strata building with six strata units, Frontier Street, Pemberton, B.C. Price: $2.7 million.
From | Macdonald Commercial Real Estate Services Ltd., Vancouver. Macdonald agent Gary Webb sold the following:
DEAL | 9,175-square-foot development site, East 22nd Avenue, Vancouver. Price: $3.2 million.
Macdonald agents Cynthia Dong and Dan Shulz sold the following:
DEAL | 15,000-square-foot missed-use residential and retail building, Cleveland Avenue, Squamish. Price: $5.25 million.
Macdonald agents Matt Nugent, Chris Midmore and Cynthia Dong sold the following:
DEAL | 14,916-square-foot development site, with holding income from two rental apartment buildings with a total of 21 suites. Price: $17.8 million.
Macdonald agent Don O’Brien sold the following:
DEAL | 8,310-square-foot residential building lot, facing the Fraser River on River Road, Richmond. Price: $3.6 million
From | Shindico Realty Inc., Winnipeg. Shindico agents Ian Corbett and John Pearson sold the following:
DEAL | 36.8-acres of vacant sold, Nicola Drive, Headingly, Manitoba.
Sold to an Edmonton-based buyer. Price: $3.67 million.
Shindico agent Ian Corbett sold the following:
DEAL | 10.1 acres of industrial land, Inkster Boulevard, Winnipeg. Price: $895,000.
From | Frontline Real Estate Services, Surrey. Frontline seller agent Owen Yates, with buyer’s agent Natalie Walker and Colleen Almrud of Re/Max Progroup Realty, transacted the following:
DEAL | 36,587-square-foot, five-property land assembly (0.84 acres) for multi-family development, Hunter Road, Tsawwassen. Buyer is Red Construction. Price: $6.1 million.
Frontline agent Justin Mitchell sold the following:
DEAL | 14.48-acre, 15-property land assembly, for potential development into 302 townhouses and 10 single-family lots, Tynehead Park area, Surrey. Sold for Woodbridge Developments (Tynehead) Ltd. to Streetside Developments (BC) Ltd. Price: $50 million.
