40 Holly Street Building

Office Property Investment

In July 2008, on behalf of Churchill VI Real Estate Limited Partnership, this office property was acquired for $11,800,000. The subject property is a 70,331 sq. ft., 9-storey, Class ‘A’ office property located at 40 Holly Street, Toronto, Ontario.

40 Holly Street is strategically location within the Yonge-Eglinton neighbourhood, in the City of Toronto’s midtown area. The area benefits from being at the crossroads of two major thoroughfares and enjoys easy access to the Yonge Street subway line and surface level transit. It was acquired with 30% vacancy at a discounted price. This property was sold for $14,000,000 in 2009, closing in April 2010. Churchill was successful in signing 14 new leases in 18 months to create significant added value.