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.