Date Closed

October 17, 2011

Lead Office

Toronto

Value

58.00 Million CAD

On October 17, 2011, First Capital Realty acquired Hazelton Lanes shopping centre for approximately C$110 million. The acquisition was satisfied with a combination of cash and the assumption of $58 million of existing fixed rate debt with an annual interest rate of 5.62%, maturing in June 2016.

Hazelton Lanes, a 205,000 square foot shopping centre, is located in Toronto, Ontario.

First Capital Realty, headquartered in Toronto, Ontario, is an owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas.

McCarthy Tétrault LLP represented First Capital Realty, with a team led by Abraham Costin and Alysha Valenti.