First Capital Realty Acquires Hazelton Lanes Shopping Centre

First Capital Realty acquired Hazelton Lanes, a 205,000 square foot shopping centre in the Yorkville district of Toronto for approximately $108 million, from Hazelton Lanes Inc. Hazelton Lanes is anchored by a 50,000 square foot Whole Foods grocery store, and is located in one of Toronto's most affluent neighbourhoods. The purchase price included the assumption of approximately $58 million in first mortgage debt.

First Capital was represented by its Vice President, Legal, Marta Lewycky, and on the acquisition by Torys LLP with a team led by Graham Rawlinson, and which included Bill Lamoureux (real estate); Jason Gilman (intellectual property) and Molly Reynolds (litigation) and on the loan assumption by McCarthy Tétrault LLP with a team that consisted of Bram Costin and Alysha Valenti.

The vendor was represented by Blake, Cassels & Graydon LLP and Aird & Berlis LLP. The Blakes team consisted of Silvana D'Alimonte and Larry Winton and the Aird & Berlis team consisted of Christie McNeill and William Chalmers.

Lawyer(s)

William Chalmers Alysha C. Valenti Marta O. Lewycky Molly Reynolds Jason Gilman Bill Lamoureux Abraham (Bram) Costin Christie A. McNeill Silvana D'Alimonte Larry Winton