On March 29, 2011, Entertainment Properties Trust, (EPR) completed its sale of the 10 Dundas Street complex (the “Complex”) in downtown Toronto for $226 million. EPR sold its interest in the Complex to Bentall Kennedy, on behalf of its clients.
The Complex is a 13-level mixed use, multi-media entertainment retail centre located in Toronto's primary urban retail node, consisting of approximately 330,000 sq. ft. of net rentable area and includes one of the highest grossing theatre complexes in Canada, as well as 25,000 sq. ft. of digital and static signage. The Complex, formerly known as Metropolis and Toronto Life Square, has been dubbed Toronto's Time Square North. The Complex has major tenants including AMC Theatres, Future Shop, Google and Adidas.
Bentall Kennedy was represented by McCarthy Tétrault LLP, with a team led by Danny Grandilli and Alysha Valenti that included Tzen Goh, Patrick Kee and Donna Reeve and Douglas Cannon (tax).
EPR was represented by Stikeman Elliott LLP with a team led by Mario Paura and Melissa Schyven that included John Lorito and Alan Kenigsberg (tax); Kristina Kaneff, Andy Gibbons and Lynda Crago (real estate) and Elizabeth Pillon.