TransGlobe continues its rapid growth in Ontario with the purchase of a commercial office building.
Simcoe, Ontario July 11, 2007 TransGlobe Property Management Services is proud to announce a strategic acquisition that adds another 12,000± square feet to its Ontario commercial portfolio. This is the company's first acquisition in the Town of Simcoe and it marks yet another step in the company's philosophy of diversifying and expanding its presence throughout the province.
The property is located at:
- 55 Norfolk Street South , Simcoe , Ontario
The 1½ storey building faces the main strip of this beautiful community of approximately 16,000. Located in southwestern Ontario , near Lake Erie, the town is the administrative centre of Norfolk County . The property features a total of 11,927± square feet of accommodating office space as well as a sizeable outdoor parking lot.
Ontario is a very diverse market and we want to make sure that our portfolio reflects that. We are happy to be emerging into the different segments of the province and the Town of Simcoe represents another step in our expansion plans, says Daniel Drimmer , President of TransGlobe.
TransGlobe is also happy to announce that the building's current resident, Royal Bank of Canada , will remain in place as the property's only tenant. TransGlobe looks forward to forming strong and lasting relationships with RBC and provide them with an outstanding brand of property management service.
We also couldn't be happier that we were able to work out an agreement with the RBC branch that currently resides there, comments Daniel Drimmer . They will be able to continue providing the people of Simcoe with financial services without interruption for years to come.
Since the company's inception 13 years ago, TransGlobe has established roots in most major population centers across Canada . Further expansion throughout the country is expected.
Ownership and management of the above property begins today.
About TransGlobe Property Management : TransGlobe Property Management is the proprietor for multiple industrial, commercial and residential properties across Canada . The locations include a number of major population centers across British Columbia , Alberta , Ontario , New Brunswick , P.E.I. and Nova Scotia
With over a decade of experience, a portfolio that includes over 23,000 apartments and more than 5.2 million square feet of commercial space as well as an unwavering dedication to property management with integrity, TransGlobe is one of the most renowned and fastest growing landlord companies in Canada .
If you would like more information about the above, or to schedule an interview with Daniel Drimmer , TransGlobe's President or Leonard Drimmer , TransGlobe's CEO, please contact Holly Dollinger at 905-629-7770 or hdollinger@GOtransglobe.com .
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