Cushman & Wakefield’s Capital Markets, Valuation & Advisory and Leasing Advisory Service Lines Represent George Brown in Joint-venture Acquisition of 480,000-SF Office Property
TORONTO, December 13, 2023 – Cushman & Wakefield announced today that the firm represented George Brown College in its acquisition of 25 Dockside (Corus Quay) from H&R REIT.
Cushman & Wakefield’s Jeff Lever (Capital Markets), Julian Brandon (Lease Advisory) and the firm’s Valuation & Advisory Services group represented George Brown College for its milestone acquisition of the 480,000-square-foot Downtown Toronto office building that is adjacent to the college’s Waterfront Campus. Site valuation, new head lease negotiation and advisory, plus capital markets expertise were aligned to oversee this acquisition under a cohesive brokerage service deliverable.
The acquisition marks a long-term investment in the financial sustainability of GBC, in the academic programs the college provides and in the future of its students. It has been made possible thanks to an innovative joint acquisition with equity partner Halmont Properties.
“This is a giant step in our partnership with George Brown College to optimize its real estate, and we couldn’t be prouder of the result and its ultimate benefit to the school and its students,” said Jeff Lever, of Cushman & Wakefield’s National Capital Markets Group. “This was truly a team effort with GBC, Halmont, and the efforts of our valuation, leasing and capital markets teams, completed amidst a complex capital markets environment. Corus Quay will be a strategic asset for GBC for years to come as it continues to play a vital role in the economy of both Toronto and Ontario.”