Portfolio
12 Millenium
On behalf of one of our Separately Managed Accounts, 12 Millennium was a unique opportunity to purchase a newly constructed, LEED Certified core asset, with ample parking and right sized floor plates to suit the needs of the local market.
- Purchase Date
- August 2009
- Fund
- Separately Managed Accounts
- Features
- Building is located northwest of downtown Moncton.
- Class A office built in 2007.
- Adjacent to 40 acres of vacant land, which provides opportunities for expansion and redevelopment in the future.
- Purchase Rationale
- Well located functional Core asset, with potential upside in occupancy and rents, purchased below replacement costs, with additional land to accommodate further value enhancement.
- Well located functional Core asset, with potential upside in occupancy and rents, purchased below replacement costs, with additional land to accommodate further value enhancement.
- ESG
Certifications
- BOMA Best Silver