Monarch Sells Eglinton Square

On June 28, 2002, Monarch Development Corporation and Monarch Construction Limited completed the sale of Eglinton Square shopping centre in Toronto to 1518276 Ontario Limited for $31.35 million.

Saul Shulman, Arthur Silver, Stan Wax and Sharon Landsman of Goodman and Carr LLP acted for the purchaser. Monarch was represented in-house by David George, senior vice-president and general counsel, and Joyce Lee-McKay, associate general counsel, who instructed George Payne and David Slan of McMillan Binch LLP. Brian Chu of Bogart Robertson & Chu in Toronto represented the lender, Column Financial, Inc.