- What Domeron was the buyer of 1335 Carling Avenue, the Ottawa Business Journal reported
- Why Property is close to Westgate Shopping Centre
- What next Company plans to make minor cosmetic changes to the property
Domeron was the buyer of a six-storey Ottawa office building from Proreit for $11.3m, the Ottawa Business Journal reported.
Proreit reported the sale earlier without naming the buyer. According to the Ottawa Business Journal report, the purchase represents the biggest deal Domeron has ever done. The firm’s 200,000 sq ft portfolio is 60% office space and 40% retail space.
Built in 1975, 1335 Carling Avenue is next to Westgate Shopping Centre and near Highway 417/Queensway.
Tenants at the 70,000 sq ft building include Securitas Canada and Royal Lepage as well as medical and professional services companies. Ron Domitrovits, president of Domeron, pegged occupancy at around 90%, according to the report. He expects the property to be fully occupied by the end of the year.
Ottawa-based Domeron plans to make minor cosmetic improvements to the building, such as replacing the windows, over the next two years.
