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Aug 4, 2016

First Capital Realty Inc. Enters into Binding Agreement for Purchase and Sale of Retail and Parking Components of 1 Bloor Street East

Daniel Mahler, Sidonia J. Tomasella and Faruk Gafic

First Capital Realty Inc. (“First Capital”) entered into a binding agreement of purchase and sale for the acquisition of the retail and commercial parking components of the property municipally known as 1 Bloor Street East, Toronto, including an 85,000-square-foot flagship retail space and 52 commercial parking stalls, for an aggregate purchase price of approximately $189.2 million.  The transaction is scheduled to close in the fourth quarter of 2017.

Aird & Berlis LLP represented First Capital with team comprised of Hayden Solomons, Daniel Mahler, Sidonia Loiacono and Faruk Gafic.

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