HBNG Holborn Group announces that the RGF Real Estate Fund L.P. has sold the entire 40 acre State Crown Centre lands. The closing occurred on March 16, 2016.
Commenting, John D’Angelo, HBNG CEO said: “While not part of our core strategy, these lands yielded a significant return to investors. We believe this will also prove to be a good investment for the purchaser.”
The RGF Real Estate Fund L.P. has acquired prime development property ideally situated in the north east corner of Toronto.
This 40 acre site at the intersection of Markham Road and Steeles Avenue is surrounded by already developed lands anchored by a Walmart and Lowe’s to the east and a Shoppers Drug Mart to the west. The first 20 acres is slated for over 216,000 sq. ft. of commercial and retail development.
Over 35,000 square feet of retail, office and parking on one of the most coveted streets in Downtown Toronto. Continue reading Soho Centre
