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.
“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.