100 Bloor Street West Corporation purchased, on April 10, 2003, the 100 Bloor Street West retail complex, together with 140 underground parking spaces, for $57.32 million. The vendor was The Residences of No. 10 Bellair Inc., a joint venture of Brookfield Properties Corporation and Tridel. The purchaser was represented by Davies Ward Phillips & Vineberg LLP, with a team that included Greg Howard, John Ulmer, Donald Stanbury and Frank Arnone. Brookfield Properties was represented by McMillan Binch LLP, with a team that included David McCordic, David Slan and Rebecca Hockridge. Tridel was represented by DelZotto, Zorzi, with a team that included Mary Critelli and Harry Herskowitz.
The purchaser obtained mortgage financing in the amount of $34.5 million from BNY Trust Company of Canada in its capacity as trustee for Mortgage Fund Two. The purchaser was represented with respect to financing matters, by Davies Ward Phillips & Vineberg with a team that included Greg Howard and David Dell, and BNY was represented by Brian Chu of Bogart Robertson & Chu.
The purchaser and the lender both obtained title insurance from First Canadian Title Company Limited. Jeffrey Lem (title insurance) of Davies Ward Phillips & Vineberg represented the purchaser, and Brian Chu of Bogart Robertson & Chu represented the lender. First Canadian Title was represented by in-house counsel Eric Haslett and Des Mackey, and Heather Wink, manager, commercial closing services.