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Toronto Commercial Real Estate

First Capital Goes Shopping in Oakville

First Capital Realty said this week it will be acquiring a 50% stake in Shops of Oakville South, a new 99k SF shopping centre at Cornwall Road and Chartwell Road. Major tenants on the 9.4-acre property include Longo's supermarket, Harper's Landing restaurant, and Kids & Co daycare. The deal is worth $26.5M. First Capital, which will be the exclusive asset and property manager, says it will share ownership of the property with one of the existing owners.

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