The acquisition of a 90± suite Mississauga high-rise puts TransGlobe's residential portfolio over the 24,000-suite benchmark
July 31, 2007 – Mississauga , Ontario – TransGlobe is proud to announce the acquisition of a residential high-rise located in the heart of Mississauga . Its 90± suites push TransGlobe's Canadian residential portfolio over the 24,000-suite benchmark. The purchase reflects the company's focus on expansion into dynamic, community-oriented neighborhoods and its strategy of offering its tenants a variety of rental options that fit a wide range of lifestyles.
The building is located at:
· 3122 Hurontario Street
The twelve-storey building offers 73,200± square feet of rentable space divided between 1, 2, and 3-bedroom suites that can accommodate a variety of rental arrangements. It also features an on-site laundry room, two elevators, a secured entrance with an intercom as well as plenty of above and underground parking.
Over the coming months TransGlobe will inspect the property in detail and determine if any maintenance measures would benefit the building's current and future tenants. This will ensure that in addition to TransGlobe's customer service-driven culture that includes a 24/7 Customer Care Centre and a dedicated maintenance team, its tenants also get all the benefits of a safe, comfortable and accommodating rental property.
“This is going to be an exciting time for us as well as the entire neighbourhood,” comments Daniel Drimmer, TransGlobe's President. “TransGlobe blue will soon adorn the property and with it will also come all the benefits that are inherent to it. We take pride in what we do for our communities and this one will be no different.”
This property represents a prime location in Mississauga . Situated within walking distance of one of the busiest intersections in the city (Hurontario Street & Dundas Street), it is close to literally every possible amenity. It is within minutes of a variety of shopping locations (including Square One Shopping Mall), banks, a number of schools (a public high school actually neighbors the building), restaurants, community centers, parks, galleries and one of the largest hospitals in the area.
The building is also centrally located between Highways 403 and QEW, on a major bus route, and with the Cooksville GO Transit station across the street. This makes it easily accessible from all directions and thus favorable to any family that leads an active lifestyle.
“ Mississauga is Canada 's sixth-most populous municipality and has been experiencing tremendous growth over the past few years,' adds Daniel Drimmer. “We are happy to be expanding our operations within the city and to be able to instill our values of property management with integrity in a location so central to it. Actually, our national head office is in Mississauga and we plan on playing a major role in the community development of this great city for years to come.”
Ownership and management of the property commences 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 24,000 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 .
|
