Grenfell Properties Holdings has purchased six industrial properties in the Merivale Business Park for $10.6 million.
The properties, 15-21 Grenfell Cres. and 41-43 Grenfell Cres., comprise just over 100,000 square feet of commercial space.
Primecorp Commercial Realty served as an adviser for the transaction. Its principal and co-founder, Aik Aliferis, said the Canadian investment market remains strong.
(Sponsored)
In a tough economy, investing in community is more important than ever
When finances are tight, it might seem counterintuitive to give back, but supporting our most vulnerable neighbours this holiday season can actually help businesses weather their own challenges. At United
Invest with confidence: Hydro Ottawa funds technical studies for business retrofits
For Ottawa businesses, the opportunity to improve building performance has never been greater. Energy retrofits can cut emissions, strengthen operations, extend the life of assets, reduce operating costs, and position
“Ottawa is still one of the most sought-after investment markets in Canada for all asset classes. The Grenfell industrial portfolio is an exceptional long-term asset with excellent cash flow diversification and future potential,” Mr. Aliferis said in a statement.
