Canderel and Fiera Properties Acquire 550,000 SF Office Building in Markham, Ontario

TORONTO, ONTARIO–(Marketwired – Jan. 5, 2016) – Canderel & Fiera Properties today announced that the companies have completed the acquisition of 3500 Steeles Avenue East in Markham. Canstone Realty Advisors acted as the advisor to Canderel and Fiera and Canstone will have an ongoing strategic management role. Cushman and Wakefield represented the vendor.

3500 Steeles Avenue East is a 550,000 square foot office building that is home to TD Bank, Geodis Canada, and others. Located in Markham, the building has direct Highway 404 access and is well connected to transit, including the TTC, VIVA (York Region Transit), and GO Transit. 3500 Steeles has an outstanding dual power feed system which provides its occupants un-paralleled quality of electricity. This is a unique advantage and gives the property a “niche” appeal that doesn’t exist in the marketplace.

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