A private investor has purchased a landmark ByWard Market property for $22 million, Primecorp Commercial Realty announced late Tuesday.
Mercury Court is a 51,459-square-foot, three-storey office building with ground-floor retail on the corner of George and Dalhousie streets. Its anchor tenants include the Lone Star Texas Grill, Second Cup and Gabriel Pizza.
The building was formerly owned by local property management company Toth Equity Ltd. The deal was completed by Primecorp’s National Commercial Group, led by CEO Aik Aliferis and president Nick Pantieras.
OBJ360 (Sponsored)

Glenview Homes Unveils Union West: A New Chapter in Stittsville Living
Union West, Glenview Homes’ highly anticipated new community in the heart of Stittsville is welcoming buyers at its brand-new Sales Centre and model home, The Reveli, located at 6147 Fernbank

Deep retrofits, done differently: new model for building upgrades
Deep energy retrofits are complex and costly – but also unpredictable. Each building has its own unique characteristics, shaped by its history, systems, and structure. For Killam Apartment REIT and
“Seldom do properties such as this trade in any Canadian market; the opportunity to acquire such an asset is a once-in-a-lifetime opportunity,” Mr. Aliferis said in a statement, adding the location makes it a “trophy acquisition” for the unnamed buyer. “Typically, private investors will keep this type of property in the family for generations.”
“With the addition of this asset, he has added an exceptional and significant property to his growing portfolio,” Mr. Aliferis said.