COMPLETEDTRANSACTIONS T H E L A N D S E R V I C E S G R O U P
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TABLE OF CONTENTS
01
03
02
ABOUT CBRE & THE TEAM
GREATER TORONTO AREA TRANSACTIONS
NATIONAL TRANSACTIONS
About CBRE
05
Residential Land Transactions
30
Residential Land Transactions
14
About the Land Services Group
06
Industrial Transactions
32
ICI Land Transactions
24
Meet the Partners
08
Investment Transactions
26
A Year in Review
10
OUR STRENGTHS, YOUR ADVANTAGES CBRE is the world’s largest commercial real estate services firm, offering comprehensive advisory, transaction and management services for owners, occupiers and investors of commercial property throughout the real estate life cycle. We power the real estate of companies whose business performance depends on innovative workplace strategies, connected footprints and efficient operations by aligning business strategy with intelligent, streamlined and optimized real estate solutions. We leverage the industry’s most robust platform to execute customized real estate strategies, including smarter site selection, superior workplace strategies, and portfolio optimization, no matter your size or scope. We deliver real estate outcomes and drive better bottom-line performance.
# 110 “Best Employers for Diversity” list
# 146 2019 Fortune 500 Ranking
The Best of the Global Outsourcing (12 Consecutive Years)
Word’s Most Ethical Company (6 Consecutive Years)
100+ COUNTRIES 530+ OFFICES
$381B TOTAL TRANSACTION VALUE
7,450 ADVISORS 75,000+ EMPLOYEES
87,750 TOTAL TRANSACTION COUNT
All statistics based on CBRE Global 2019 sales information.
5
THE LAND SERVICES GROUP BY THE NUMBERS
ABOUT THE LAND SERVICES GROUP
6 DISTRESSED SALES
17 TRANSACTIONS
78 Acres OF LAND SOLD
$450M TOTAL DOLLAR VOLUME
2020
These team statistics reflect land transactions in the Greater Toronto Area and Greater Golden Horseshoe Area between January 1 st 2020 and December 31 st 2020.
The Land Services Group is comprised of CBRE Canada’s senior sales professionals and dedicated support staff who focus exclusively on the disposition and acquisition of development land across the Greater Toronto Area (GTA), Greater Golden Horseshoe (GGH) and nationally, in collaboration with local CBRE offices coast-to-coast. Our goal is always to obtain the highest value for our client’s assets. Since 1993, the Land Services Group has accumulated a comprehensive network of qualified purchasers in the industry. Through our extensive experience, we provide tailored marketing strategies to ensure that we obtain the best possible deal and structure to fit our client’s needs. We consistently demonstrate our credibility, transparency and unmatched market share of completed land transactions, especially for potentially high-profile and/or non-traditional sales, including distressed sales that require an additional level of expertise. The Land Services Group brings an unmatched depth of experience executing transactions at variousstagesofapproval, coupledwithanintimateunderstanding of local politics, economics and land use policies. Our marketing process is the result of experience handling land transactions that require maximum market exposure, reliable reporting and deal certainty. Supported by diligent planners, marketers and administrators, our team will curate the best strategy to achieve the highest return for your property. We pride ourselves on our ability to provide clients with leading edge commercial real estate marketing that is created with ingenuity.
6
MEET THE PARTNERS
Senior Vice President LaurenWhite*
Lauren White, Senior Vice President, has focused on land transactions since beginning her real estate career in 2006 with the Land Services Group. Lauren specializes in infill redevelopment sites in the GTA, specifically the 416 region. She consults and provides developers, land owners, users and investors with the comprehensive ability to evaluate the highest and best use of a particular land parcel throughout the GTA as well as assisting in the disposition of all types. While offering extensive knowledge of local market conditions, competitive land parcels, and the regulatory environment, she also assists her clients in forming a strategy for maximizing the value of their real estate holdings. Lauren prides herself in creating long- term partnerships with clients and CBRE business partners, referring and promoting business to both. She secures respective requirements by providing timely and accurate data regarding trends, directions in the local market, and marketing. In 2020, Lauren ranked fourth in the CBRE Toronto North Office for top sales representatives and ranked twentieth in the GTA for CBRE. Executive Vice President Mike Czestochowski is recognized as a leading specialist in the disposition of development land within the GTA and GGH. He is the founding member and Executive Vice President of CBRE’s Land Services Group and began his real estate career in 1984. He is an industry leader with substantial experience in advisory and transaction services with unsurpassed market knowledge, strong client focus and commitment to integrity. Mike has been consistently ranked as one of the Top 10 Sales Professionals for CBRE’s Toronto North Office since 1995. In 2020, Mike ranked first in the CBRE Toronto North Office for top sales representatives and ranked thirteenth in the GTA for CBRE. Mike Czestochowski** Mike has consistently been involved with many high profile transactions, including government mandates and clients frompublicly traded and Fortune 500 companies. Mike volunteers as the Chair of the Fundraising Committee and is the Director of the Foundation Board for the Markham Stouffville Hospital.
*Sales Representative **Broker
9
“ AYEAR
IN REVIEW CBRE’s Land Services Group started 2020 with optimism for the GTA development market with an eagerness to provide our clients with even better marketing services and strong market outcomes. It turned into an unexpected year for the real estate market due to the effects of the COVID-19 pandemic. This year we realized the importance of teamwork cannot be underestimated. Having the right team players is essential to the success of a team, but it cannot be done without the resources CBRE offers as the best global real estate platform. We are grateful for the strength of CBRE’s national leadership when it came to COVID-19 safety guidelines for conducting property tours, returning to the office and helping to steer our clients through these new waters. Without management support and the entire CBRE family along with continued loyalty fromour clients, this year without a doubt would have been daunting. With determination, persistence and focusing on meeting our client’s needs first, our team was able to overcome the challenges of the pandemic which resulted in an extraordinarily strong year. On behalf of the Land Services Group, we want to give sincere thanks to our clients for continuing to trust our expertise and allowing us to represent them to the fullest extent of our capabilities. We truly hope everyone stays healthy and safe into 2021.
- Mike Czestochowski & Lauren White
10
GTA: TRANSACTION MAP
7
4
11
9
3
Residential Land
6
1
8
12
2266 Lakeshore Road West & 83 East Street, Oakville
5
10
2 3 4 5 6
325 Burnhamthorpe Road West, Mississauga
2
13
3450 Dufferin Street, Toronto
4926 Bathurst Street, Toronto
185 Balliol Street, Toronto
1
175 Wynford Drive, Toronto
201 King Road, Richmond Hill
7 8 9 10
411 Victoria Park Avenue, Toronto
5072 14th Avenue, Markham
2499 Nash Road, 2538 & 2494 Regional Rd 57, Bowmanville
ICI Land
11
Highway 412 and Dundas Street West (Parcel 6), Whitby
Highway 412 and Dundas Street West (Parcel 4 & 5), Whitby
12
Investment Properties
13
2495 Lakeshore Boulevard West, Etobicoke
12
02 RESIDENTIAL LAND: HIGH RISE TRANSACTIONS
N
N
WYNFORD DRIVE
EGLINTON AVENUE EAST
175 WYNFORD DRIVE, TORONTO
325 BURNHAMTHORPE ROAD WEST, MISSISSAUGA
SALE PRICE: $102,000,000 DATE OF SALE: JANUARY 2020
SALE PRICE: $90,000,000 DATE OF SALE: DECEMBER 2020
VENDOR: ALLIED HOTEL PROPERTIES INC.
VENDOR: YMCA OF GREATER TORONTO
PURCHASER: FREED DEVELOPMENTS & FENGATE
PURCHASER: HOLBORN GROUP
SIZE: 5.42 AC.
SIZE: 4.5 AC.
15
02 RESIDENTIAL LAND: HIGH RISE TRANSACTIONS
N
N
WYNFORD DR
YONGE STREET
3450 DUFFERIN STREET, TORONTO
185 BALLIOL STREET, TORONTO
SALE PRICE: CONTACT ADVISORS DATE OF SALE: JANUARY 2020
VENDOR: WINGREEN REALTY LIMITED
SALE PRICE: $86,500,000 DATE OF SALE: AUGUST 2020
VENDOR: THE GUPTA GROUP/ EASTON’S GROUP
PURCHASER: VERDIROC HOLDINGS LTD.
PURCHASER: FITZROVIA REAL ESTATE
SIZE: 1.08 AC.
SIZE: 5.07 AC.
17
02 RESIDENTIAL LAND: HIGH RISE TRANSACTIONS
4926 BATHURST STREET TORONTO
N
N
4926 BATHURST STREET, TORONTO
2495 LAKESHORE BOULEVARD, ETOBICOKE 266 & 83 EAST STREET, OA VILLE
SALE PRICE: $6,000,000 DATE OF SALE: JULY 2020
VENDOR: GREENROCK & HARYETTA HOLDINGS LIMITED
SALE PRICE: $7,000,000 DATE OF SALE: MAY 2020
VENDOR: TORONTO CAPITAL (POWER OF SALE)
PURCHASER: PORTAL REALTY CORPORATION
PURCHASER: 2726102 ONTARIO INC.
SIZE: 0.61 AC.
SIZE: 0.59 AC.
DISTRESSED SALE
19
02 RESIDENTIAL LAND: LOW RISE TRANSACTIONS
N
N
YONGE STREET
201 KING ROAD, RICHMOND HILL
411 VICTORIA PARK AVENUE, TORONTO
SALE PRICE: $20,250,000 DATE OF SALE: OCTOBER 2020
SALE PRICE: $16,000,000 DATE OF SALE: OCTOBER 2020
VENDOR: CREATETO
VENDOR: KSV ADVISORY INC. (AS RECEIVER)
PURCHASER: DIAMONDCORP & KILMER
PURCHASER: BRIDLEPATH CAPITAL CORP. & CITY CORE CONSORTIA LTD.
SIZE: 18.9 AC.
SIZE: 3.87 AC.
DISTRESSED SALE
21
02 RESIDENTIAL LAND: LOW RISE TRANSACTIONS
N
N
YONGE STREET
S
A
2499 NASH RD, 2538 & 2494 REGIONAL RD 57, BOWMANVILLE OAD, 2538 & 2 94 REGIONAL ROAD 57, BOWMANVILLE
5072 14TH AVENUE, MARKHAM
SALE PRICE: $8,100,000 DATE OF SALE: DECEMBER 2020
SALE PRICE: $4,550,000 DATE OF SALE: AUGUST 2020
VENDOR: ERNST & YOUNG (AS RECEIVER)
VENDOR: CAMERON STEPHENS FINANCIAL CORP. (POWER OF SALE)
PURCHASER: FALCONCREST HOMES
PURCHASER: TERCOT COMMUNITIES
DISTRESSED SALE
DISTRESSED SALE
SIZE: 1.05 AC.
SIZE: 27.7 AC.
02 ICI LAND TRANSACTIONS
4926 BATHURST STREET TORONTO
N
N
HIGHWAY 412 AND DUNDAS STREET WEST (PARCEL 4 & 5), WHITBY
HIGHWAY 412 AND DUNDAS STREET WEST (PARCEL 6), WHITBY
SALE PRICE: $1,530,540 DATE OF SALE: SEPTEMBER 2020
VENDOR: MATTAMY LIMITED PURCHASER: HWY6773 INC.
SALE PRICE: $5,613,960 DATE OF SALE: JANUARY 2020
VENDOR: MATTAMY LIMITED
PURCHASER: FIELDGATE HOMES
SIZE: 2.55 AC.
SIZE: 6.93 AC.
25
02 INVESTMENT TRANSACTIONS
,
I
2495 LAKESHORE BOULEVARD, ETOBICOKE
SALE PRICE: $12,800,000
TOTAL SUITES: 45
DATE OF SALE: NOVEMBER 2020
PRICE PER DOOR: $284,444
BUILDING SIZE: 34,500 SQ. FT.
VENDOR: ESTATE OF JOSEPH ROTMAN & 2716220 ONTARIO LIMITED
PURCHASER: STARLIGHT INVESTMENTS
03
NATIONAL: TRANSACTION MAP
Residential Land
6067 Quinpool Road, Halifax, NS
1
2
North East Corner of 106 & 103 Ave N, Edmonton, AB
2 3
10160-68 106th Street, Edmonton, AB
3
Industrial
4
1
4225 Trans-Canada Highway, Montreal, QC
4
CBRE Offices
28
03 NATIONAL TRANSACTIONS: HIGH RISE RESIDENTIAL LAND
2266 LAKESHORE & 83 EAST STREET OAKVILLE 10305-21 106 TH STRE T EDMONTON, AB
N
N
N
SALE PRICE: $4,331,584 DATE OF SALE: JULY 2020 SIZE: 0.69 AC. VENDOR: LAMB DEVELOPMENTS CORP. PURCHASER: CITY OF EDMONTON
WYNFORD DRIVE
N
10160-68 106 TH STREET EDMONTON, AB
SALE PRICE: $4,700,000 DATE OF SALE: OCTOBER 2020 SIZE: 0.51 AC.
VENDOR: LAMB DEVELOPMENTS CORP. PURCHASER: CIDEX HOLDINGS LTD.
EGLINTON AVENUE EAST
6067 QUINPOOL ROAD, HALIFAX, NS
SALE PRICE: $37,610,000 DATE OF SALE: FEBRUARY 2020
VENDOR: HALIFAX REGIONAL MUNICIPALITY
PURCHASER: BANC INVESTMENTS LTD.
N
SIZE: 3.3 AC.
31
03 NATIONAL TRANSACTIONS: INDUSTRIAL
4225 TRANS-CANADA HIGHWAY, MONTREAL, QC
SALE PRICE: $9,500,000 DATE OF SALE: MARCH 2020 BUILDING SIZE: 58,000 SQ. FT.
VENDOR: TOROMONT
PURCHASER: VIDEOTRON
2020 TRANSACTIONS
Lauren White* Senior Vice President T +1 416 495 6223 lauren.white@cbre.com
Mike Czestochowski** Executive Vice President T +1 416 495 6257 mike.czestochowski@cbre.com
*Sales Representative **Broker CBRE Limited · 2005 Sheppard Ave E, Suite 800 Toronto, ON · M2J 5B4
All outlines are approximate
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth (01/2021).
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