Cara Foods Headquarters

Office Property Investment

Purchased in May 2010 for 34,750,800, on behalf of Churchill VII Real Estate Limited Partnership (50%), Churchill VI Real Estate Limited Partnership (25%) and Churchill Vaughan Real Estate Limited Partnership (25%).

This state-of-the-art single tenant office property investment completed in 2008 and was constructed with the latest in energy efficient design and technologies and is in the process of receiving a LEED Gold Status.(Leadership in Energy and Environmental Design (LEED) Green Building Rating System™)

As an integral part of the acquisition of this property, Churchill negotiated fully net long term lease with rent escalations. Churchill took advantage of the global recession by purchasing the property at this time.