H&R REIT Completes Acquisition of Atrium on Bay in Toronto

On June 1, 2011, H&R REIT completed its acquisition of the Atrium on Bay at 595 Bay Street, 20 & 40 Dundas Street West and 306 Yonge Street in downtown Toronto from subsidiaries of Houston, Texas-based Hines REIT, for a price of $344.8 million. The Atrium on Bay comprises 915,378 square feet of “Class A” office space and 135,929 square feet of prime retail premises.

H&R REIT was represented by Minden Gross LLP, with a team that included David Kutner, Carl Schwebel, Boris Zayachkowski and Jodey Therriault.

Hines REIT was represented by its Corporate Counsel, Jason Maxwell, and Stikeman Elliott LLP with a team that included Brenda Hebert, Andrew Elliott, Lanette Wilkinson and Ruth Horn.