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Crown Realty Acquires 111 Peter St.

Toronto Office
111 Peter St. in Toronto

Crown Realty Partners has acquired 111 Peter St., a 252K SF office building south of Richmond Street, on behalf of its third fund, Crown Realty III L.P., and other co-investors. The acquisition adds geographic diversity to the fund, which to date has purchased 1.4M SF in Markham, Mississauga and North York. The building was constructed in 1972 to house manufacturing and warehouse activities for the garment industry (with additional floors added in 1988), and has 29K SF floor plates and high ceilings. Tenants include Influitive, Varage Sale, Leonardo Worldwide and Breather. There is a 10,505 SF retail vacancy on the ground floor, which also includes Independent City Market.