ByWard Market’s Mercury Court sells for $22 million

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)

Giving Guide: Proud To Be Me

What we do Proud To Be Me is dedicated to empowering youth by providing Buddy Bench and mural programs, grants, and workshop development opportunities. We focus on building self-esteem, resilience,

Read More

“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.

Get our email newsletters

Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.

By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Sponsored

Sponsored

EVENT ALERT: Mayor's Breakfast with Ontario Finance Minister on Wednesday, Dec. 4 @ City Hall