Osford Properties Sells Twin Atria Building in Edmonton

On June 18, 2003, Oxford Properties Group Inc. and 1254115 Ontario Inc. sold the Twin Atria Building in Edmonton to Twin Atria Building Inc., for a purchase price of $31 million.

The property was acquired on behalf of the Canadian Income and Growth Fund, a co-mingled, closed-end fund, managed by LaSalle Investment Management (Canada). LaSalle Investment Management (Canada) is a subsidiary of LaSalle Investment Management Inc., a member of the Jones Lang LaSalle Group, a real estate investment manager.

Lawson Lundell represented the purchaser, with a team that included Charles McKee, Andrew Bedford and Erin Tait. Gowling Lafleur Henderson LLP provided tax planning and corporate structure advice to the purchaser, with a team consisting of Robert Hull and Ryan Farquhar. Rick Pabst and Teresa Tomkinson of Field LLP in Edmonton represented the vendors.