LaSalle Acquisition Corp., on behalf of investor clients, completed the acquisition of 11 King Street West, Toronto, and 70 University Avenue, Toronto, from University & King Toronto Limited Partnership. The aggregate purchase price for the transaction was $135,250,000, and the deal closed on November 20, 2007.
Osler, Hoskin & Harcourt LLP represented LaSalle, with a team that included Stephen Luff, Stella Di Cresce, Ilana Cohen (real estate) and Peter Glossop and Paul Winton (competition).
University & King is managed by KG Allgemeine Leasing GmbH & Co. (KGAL). KGAL was advised by AL.I.NA Fund Management Inc.
University & King was represented by Mark McHughan, Faithe Holder, Syll Kushner (real estate), Robert Hull (corporate) and Ian Macdonald (competition) of Gowling Lafleur Henderson LLP.
Jillian Shortt and Glenda Mallon of Fraser Milner Casgrain LLP represented Alberta Investment Management, the first mortgagee of the properties, and worked with Murray & Company Holdings Limited, the servicing agent for Alberta Investment Management.