Fiera Properties Acquires Six-Building Office Portfolio in Ontario

Fiera Real Estate is pleased to announce the acquisition by Fiera Real Estate CORE Fund a 100% interest in a high quality, six-building office portfolio totalling 623,000 sf in Mississauga, Ontario. The 88% leased portfolio is fully LEED certified and covers 17.3 acres with Hwy #401 exposure in close proximity to Pearson International Airport.
 
Acquired well below replacement cost, the portfolio has 5.6 years of weighted average lease term and represents a substantive investment in the improving west GTA office market.