2022 Transaction Brochure - Land Services Group

20 22 inreview COMPLETED TRANSACTIONS

Table of

contents

ABOUT CBRE & THE LAND SERVICES GROUP

About the Land Services Group

Meet the Partners

About CBRE Global Meet the Team A Year in Review

2022 TRANSACTIONS

Transaction Map

Residential Land: High Density Transactions Residential Land: Low Density Transactions

24 38 42 50

ICI Land Transactions Investment Property Transactions Portfolio Transactions

About

THE LAND SERVICES GROUP

The Land Services Group has the expertise to cover all aspects of our client’s land disposition and valuation needs. Our experience, relationships, market knowledge and targeted marketing strategies set us apart from the competition. We strive to obtain the maximum value for our client’s property and develop strategies that protect and enhance land values. We offer our clients extensive knowledge of local market conditions, competitive land parcels and regulatory issues, to assist land owners in maximizing their real estate values. Our scalable services identify value for all sizes of land, from urban, infill development opportunities, to large tracts of farmland with development potential. Since 1993, the Land Services Group has accumulated a comprehensive network of qualified purchasers in the industry and maintain a database of thousands of global land investors, high net worth individuals, foreign investors, and family offices to effectively and efficiently market properties. Through our extensive experience, we provide tailored marketing strategies to ensure that we obtain the best possible value and structure to fit our client’s needs. We consistently demonstrate our credibility, transparency, and unmatched market share of completed land transactions. In addition, we have strong partnerships with multiple CBRE service lines, including Global Corporate Services, Private Client, Retail Development, Industrial, Hotel, and Multi-Family Groups for land disposition and acquisition. We work with Valuation and Capital Markets in the evaluation, acquisition, disposition, and underwriting of complex land development and portfolio sales. The Land Services Group brings an unparalleled depth of experience executing transactions at various stages of approval, coupled with an intimate understanding of local politics, economics, and land use policies. We pride ourselves on our ability to provide clients with leading edge commercial real estate marketing that is created with ingenuity.

Meet THE PARTNERS

Lauren White* Executive Vice President

Lauren White is an Executive Vice President and a Senior Partner of CBRE Land Services Group. Lauren is responsible for strategic positioning of the group and assuring implementation of best practices. Lauren’s comprehensive understanding of market conditions, land entitlement and development, and capital sources makes her a leader in land brokerage. In her time at CBRE, Lauren has represented clients in the disposition of over $5 Billion in land transactions during her tenure. 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 to 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 2021, Lauren ranked #2 in the CBRE Toronto North Office for top sales representatives and ranked #20 in CBRE Canada.

Mike Czestochowski** Vice Chairman

Mike Czestochowski is recognized as a leading specialist in the disposition of development land within the GTA and GGH. He is the founding member of the Land Services Group and Vice Chairman at CBRE, beginning 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 ranked as one of the Top 10 Sales Professionals for CBRE’s Toronto North Office since 1995. Mike has consistently been involved with many high profile transactions, including government mandates and clients from publicly traded and Fortune 500 companies. Mike volunteers as a Director of the Markham Stouffville Hospital Foundation Board. In 2021, Mike ranked #1 in the CBRE Toronto North Office for top sales representatives, and ranked #4 in CBRE Canada.

*Sales Representative **Broker

Meet THE TEAM

Partners

Sales Support

Mike Czestochowski Vice Chairman

Evan Stewart Sales Representative

· Oversee Marketing Process · Strategy and Positioning · Marketing and Buyer Meetings · Owner/Buyer Interface & Negotiation

· Owner/Buyer Interface · Negotiation

· Marketing and Buyer Meetings · Marketing Process Management

Lauren White Executive Vice President

Emelie Rowe, M.Pl Sales Representative

Team Management

Planning & Due Diligence

· Team Coordination · Marketing Process Management

· Document Review · Planning Support · Marketing Material Preparation · Owner/Buyer Interface

Amanah Rahal, BURPl Planner

Laura Malaka Team Lead

Evan Stewart Sales Representative

Lauren White Executive Vice President

Mike Czestochowski Vice Chairman

Emelie Rowe, M.Pl Sales Representative

· Business Development · Client Services Support · Executive Assistant to Mike Czestochowski

Marketing

Administration

Marina Lonska Marketing Specialist

· Marketing Strategy · Team Branding · Graphic Design

· Client Services Support · Prepare All Listing Documentation · Complete Weekly Reporting Letters · Manage Distribution of Marketing

Millie Ye Client Services Assistant

Alina Politika Marketing Assistant

· Marketing Material Preparation · Advertisement Coordination

Fariya Ali Client Services Assistant

Chloe Pereira Marketing Assistant

Millie Ye Client Services Assistant

Marina Lonska Marketing Specialist

Chloe Pereira Marketing Assistant

Laura Malaka Team Lead

Fariya Ali Client Services Assistant

Amanah Rahal, BURPl Planner

Alina Politika Marketing Assistant

A Year in review

2022 STATISTICS Team

Greetings from CBRE’s Land Services Group, we appreciate you taking the time to review our 2022 Transaction brochure. This has been a tremendous year for our team and as we strive to achieve our clients’ needs, we have continued to grow by adding integral team members to further enhance our capabilities and level of service. It was a strong start to 2022 that continued into the second quarter, after which there was an evident change in the real estate market due to several factors. The speed at which the Bank of Canada increased interest rates quickly cooled both the new and resale housing market and affected all asset classes in some form. The one asset class that did remain resilient throughout the year, however, was industrial land which continued to be in high demand across the GTA. We saw 58 new condo launches in the GTA in 2022 despite interest rates continuing to increase throughout the year. This demonstrated that even with construction costs rising developers were confident that their end unit pricing justified launching in a market with many moving targets. While we saw fewer sales on low rise land in Q3 & Q4 of 2022, we experienced minimal price adjustments on these transactions, however there were adjustments to deal terms including higher percentages of Vendor Take Back Mortgages with a longer interest free period and extended closings. As we head into 2023, we look forward to working with existing and new clients across Canada and to utilize the innovative CBRE platform that has been so successful year over year. CBRE’s Land Services Group is a team for changing times, we are extremely happy with the growth of the team and are proud of the strength that our diversity generates. Thank you to all our clients for your continued support.

37 TOTAL TRANSACTIONS

$870M TOTAL DOLLAR VOLUME

19 MUNICIPALITIES

We are the global leader in commercial real estate services and investments. With services, insights and data that span every dimension of the industry, we create solutions for clients of every size, in every sector and across every geography.

CBRE Global ABOUT

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. At CBRE, we create the real estate solutions of tomorrow, so businesses and people thrive. We do this through our leading perspectives by our experienced professionals who are global in scale but local in implementation. Our mission is to ensure that our professionals are always fully equipped to better serve you, our valued client. Clients’ satisfaction and delight are our foremost priorities. We think creatively but act pragmatically, and collaborate across markets and service lines when necessary – to bring you the best-in-class real estate solutions.

A Fortune’s Most Admired Real Estate Company (12 Consecutive Years) #126

A Top Company for diversity and women in 2022

Word’s Most Ethical Company (9 Consecutive Years)

The Best of the Global Outsourcing (16 Consecutive Years)

$290.1B TRANSACTION VALUE

CLIENTS IN 100+ COUNTRIES

500 OFFICES WORLDWIDE 1

SERVES 90+ OF THE FORTUNE 100

105K+ PROFESSIONALS GLOBALLY

All statistics based on CBRE Global 2022 sales information 1 As of December 31, 2021

Transaction map

Sault Ste Marie

Sudbury

RESIDENTIAL LAND - HIGH DENSITY TRANSACTIONS

01 02 03

1, 2 & 10 Audley Street, 8 Newcastle Street and 29, 59 & 71 Portland Street, Etobicoke 2334 St. Paul Avenue, Niagara Falls 64 Main Street East, Hamilton

Ottawa

RESIDENTIAL LAND - LOW DENSITY TRANSACTIONS

04 05 06 07 08 09 10 11

5618 Hazeldean Road, Kanata, Ottawa 10975 Woodbine Avenue, Markham Donsgrove Court, Vaughan Loyalist Parkway, Prince Edward County Highland Road & Upper Centennial Parkway, Hamilton 613 Superior Drive, London 185, 191, 197, 203, 209 & 215 Major Mackenzie Drive East, Richmond Hill 19851, 19879 & 19935 2nd Concession Road, East Gwillimbury 4210-4248 Lyons Creek Road, Niagara Falls 19 Beard Place, St. Catharines

Midland

Orillia

12 13

Peterborough

ICI LAND TRANSACTIONS

East Gwillimbury

14 15 16

8846 Tenth Line, Halton Hills Milani Boulevard, Block 1 & 6B, Vaughan Southwest Corner of Bathurst Street & Queen Filomena Avenue, Vaughan

Wellington

Richmond Hill

10 5

INVESTMENT PROPERTY TRANSACTIONS

Vaughan

Markham

20 18 17

17 18 19 20 21

55 Brownlow Avenue, Toronto Downsview Park Boulevard, Toronto 675 Garyray Drive, Toronto 100 Sheppard Avenue West, Toronto 119 East Street, Sault Ste. Marie

Toronto

Halton Hills

Mississauga

Oakville

PORTFOLIO - MEDICAL BUILDINGS

Hamilton

St. Catherines

22 23 24 25 26 27

240 Penetanguishene Road, Midland 2009 Long Lake Road, Sudbury 849 Alexander Court, Peterborough 180 Vine Street, St. Catharines 100 Colborne Street West & 77 Wyandotte Street, Orillia 65 Larch Street, Sudbury

25 2

Niagara Falls

London

Residential

land

HIGH DENSITY TRANSACTIONS

Conceptual Rendering Grand Park Village, Etobicoke

Residential Land HIGH DENSITY TRANSACTIONS

Lake Ontario

GRAND AVE

MIMICO GO STATION

DISTRESSED SALE

2334 St. Paul Avenue, Niagara Falls

1, 2 & 10 Audley Street, 8 Newcastle Street and 29, 59 & 71 Portland Street, Etobicoke

Vendor: KSV Restructuring Inc.

Price: $5,850,000

Vendor: Freed Developments, Bluenose Management & BXR Group

Price: $129,000,000

Purchaser: Private Investor

Size: 3.4 ac.

Size: 5.5 ac.

Purchaser: Minto

Date: June 2022

Date: January 2022

Click to View Brochure

Residential Land HIGH DENSITY TRANSACTIONS

HAMILTON CENTRE

DISTRESSED SALE

64 Main Street East, Hamilton

Vendor: Goldhar & Associates LTD

Price: $2,100,000

Purchaser: Movengo Developments

Size: 0.3 ac.

Date: November 2022

Click to View Brochure

Conceptual Rendering Sold by CBRE’s Land Servces Group: 8 Elm Street, Toronto (December 2021) 21

Residential LOW DENSITY TRANSACTIONS land

LOW DENSITY TRANSACTIONS Residential Land

Ottawa River

417 HWY

Future Hazeldean LRT Station

5618 HAZELDEAN ROAD, KANATA, OTTAWA

The Highest-Valued

in Ottawa’s Residential Land Transaction

history

Our team represented the vendor in the disposition of 5618 Hazeldean Road, 212 acres of Draft Plan Approved land located in Kanata, Ottawa. The approved plan allows for a significant mixed use development of scale with the ability to build upwards of 2,755 units with additional commercial/retail space. We began marketing the site in November 2021 and had a firm deal in place in December 2021. The transaction closed in April 2022 for a total consideration of $245,000,000 to Minto, which makes this the highest-valued land deal completed in Ottawa’s history.

Vendor: Kizell Management Corporation

Price: $245,000,000

Purchaser: Minto

Size: 212 ac.

Date: April 2022

Click to View Brochure

Residential Land LOW RISE TRANSACTIONS

404 HWY

407 HWY

DONSGROVE CRT

SERVICED LOT SALE

10975 Woodbine Avenue, Markham

Donsgrove Court, Vaughan

Vendor: Bathurst Contwo Investments Limited

Vendor: High Park Plaza Limited Partnership

Price: $28,018,000

Price: $109,314,000

Purchaser: Vogue Development Group

Purchaser: Andrin Homes

Size: 24 Single Family Lots

Size: 56.7 ac.

Date: January 2022

Date: March 2022

Click to View Brochure

Residential Land LOW RISE TRANSACTIONS

HIGHLAND RD E

West Lake

Lake Ontario

DISTRESSED SALE

Loyalist Parkway, Prince Edward County

Highland Road & Upper Centennial Parkway, Hamilton

Vendor: Private Individual & Wellington Bay Estates Limited

Vendor: KSV Restructuring Inc.

Price: $20,000,000

Price: $15,400,000

Purchaser: Parkbridge Lifestyle Communities Inc.

Purchaser: Cedar City Developments Inc.

Size: 67 ac.

Size: 31.6 ac.

Date: November 2022

Date: September 2022

Click to View Brochure

Residential Land LOW RISE TRANSACTIONS

RICHMOND HILL

DISTRESSED SALE

613 Superior Drive, London

185, 191, 197, 203, 209 & 215 Major Mackenzie Drive East, Richmond Hill

Vendor: KSV Restructuring Inc.

Vendor: 2047790 Ontario Inc.

Price: $15,100,000

Price: $9,794,750

Purchaser: 2357616 Ontario Inc.

Purchaser: Drewlo Holdings

Size: 1.1 ac.

Size: 8.48 ac.

Date: December 2022

Date: June 2022

Click to View Brochure

Residential Land LOW RISE TRANSACTIONS

404 HWY

LESLIE ST

2ND CONCESSION RD

DISTRESSED SALE

19851, 19879 & 19935 2nd Concession Road, East Gwillimbury

4210-4248 Lyons Creek Road, Niagara Falls

Vendor: Jaekel Capital Inc.

Vendor: KSV Restructuring Inc.

Price: $9,000,000

Price: $4,250,000

Purchaser: DG Group

Purchaser: Fallsview Group

Size: 26.9 ac.

Size: 2.6 ac.

Date: December 2022

Date: July 2022

Click to View Brochure

Residential Land LOW RISE TRANSACTIONS

Lake Ontario

DISTRESSED SALE

19 Beard Place, St. Catharines

Vendor: KSV Restructuring Inc.

Price: $2,450,000

Purchaser: Investcap Inc.

Size: 3.4 ac.

Date: July 2022

Click to View Brochure

ICI TRANSACTIONS land

ICI Land TRANSACTIONS

407 HWY

401 HWY

BLOCK 6B

BLOCK 1

8846 Tenth Line, Halton Hills

Milani Boulevard, Block 1 & 6B, Vaughan

Vendor: Private Family

Vendor: RioCan REIT

Price: $12,500,000

Price: $ 9,300,000

Purchaser: Anatolia Group

Purchaser: Greenpark Group

Size: 51.3 ac.

Size: 7.97 ac.

Date: May 2022

Click to View Brochure

ICI Land TRANSACTIONS

QUEEN FILOMENA AVE

Southwest Corner of Bathurst Street & Queen Filomena Avenue, Vaughan

Vendor: DG Group

Price: $4,070,000

Purchaser: Hillsview Enterprises Inc.

Size: 1.6 ac.

Date: August 2022

Click to View Brochure

Investment

TRANSACTIONS property

Investment Property MULTI-RESIDENTIAL

EGLINTON

BROWNLOW AVE

MOUNT PLEASANT RD

FORWARD SALE

55 Brownlow Avenue, Toronto

Downsview Park Boulevard, Toronto

Vendor: Royalwood Apartments

Price: $56,180,000

Vendor: Mattamy Homes

Price: $15,000,000

Purchaser: Menkes & QuadReal

Building Size: 77,221 sq. ft.

Purchaser: Plazacorp

Building Size: 41,795 sq. ft.

Date: May 2022

Units: 53

Units: 121

Date: August 2022

Click to View Brochure

Investment Property INDUSTRIAL / OFFICE

Investment Property OFFICE

DISTRESSED SALE

675 Garyray Drive, Toronto

100 Sheppard Avenue West, Toronto

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Vendor: BDO Canada

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Price: $7,450,000

Price: $5,600,000

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Purchaser: 1000105943 Ontario Inc.

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Building Size: 26,817 sq. ft.

Building Size: 8,000 sq. ft.

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Date: May 2022

Date: October 2022

Click to View Brochure

Investment Property OFFICE

119 East Street, Sault Ste. Marie

Vendor: Bell Canada

Price: $300,000

Purchaser: Stardust Pictures

Building Size: 16,362 sq. ft.

Date: August 2022

Click to View Brochure

Portfolio

MEDICAL BUILDINGS sale

Portfolio Sale TRANSACTIONS

Click to View Brochure

Medical Office Portfolio in Ontario

Vendor: KPMG Group

240 Penetanguishene Road, Midland

180 Vine Street, St. Catharines

Price: $6,500,000 Building Size: 32,000 sq. ft. Date: June 2022 Purchaser: 2848414 Ontario Inc.

Price: $4,000,000 Building Size: 35,851 sq. ft. Date: August 2022 Purchaser: 1000247831 Ontario Inc.

2009 Long Lake Road, Sudbury

100 Colborne Street West & 77 Wyandotte Street, Orillia

Price: $6,000,000 Building Size: 43,056 sq. ft. Date: September 2022 Purchaser: 1000151410 Ontario Ltd.

Price: $2,850,000 Building Size: 26,400 sq. ft. Date: June 2022 Purchaser: Accutrac Property Management

849 Alexander Court, Peterborough

65 Larch Street, Sudbury

Price: $1,500,000 Building Size: 45,540 sq. ft. Date: September 2022 Purchaser: 1000151410 Ontario Ltd.

Price: $5,400,000 Building Size: 29,501 sq. ft. Date: June 2022 Purchaser: Seven Hills Development

20 22 COMPLETED TRANSACTIONS in review Click here to view our Transaction Brochures

Advisory Team

Mike Czestochowski** Vice Chairman +1 416 495 6257 mike.czestochowski@cbre.com

Lauren White* Executive Vice President +1 416 495 6223 lauren.white@cbre.com Emelie Rowe Sales Representative +1 416 495 6306 emelie.rowe@cbre.com

Evan Stewart Sales Representative +1 416 495 6205 evan.stewart@cbre.com

*Sales Representative **Broker

2022 Transactions CBRE Limited · Toronto North · 2005 Sheppard Avenue East, 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.

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