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Navona Completed Disposition of 1102 Aerowood Drive, Mississauga, Ontario

1102 Aerowood Drive

Navona is pleased to announce the sale of 1102 Aerowood Drive in Mississauga, Ontario at the end of May 2018. The 14,181 square foot property was acquired by the owner/operator „The Next Trend Designs Inc.“, a promotional product company.

Navona would like to thank Colliers International for running a superior advertising campaign, resulting in the smooth completion of this disposition.

Leasing Announcements

1550 Appleby Line, Burlington, Ontario

The combined warehouse space and first floor offices with a total of 52,247 square feet was recently leased long-term to the Aerospace Composites Company „Formula Solutions Inc.“.

Acquisition of 1986 Queen Street East in Toronto

Navona is pleased to announce the acquisition of 1986 Queen Street East in Toronto, Ontario at the end of March 2018.  The property with a total usable area of 8,767 square feet is located in Toronto‘s sought-after residential district known as „The Beaches“.

The building was newly constructed for the LCBO, who entered into a 25 year lease and opened for business in June 2014. Apart from its prime location, the property offers future development potential.

1986 queen street

Disposition of 5 Cheviot Place, Toronto

5 cheviot

Navona is pleased to announce the sale of 5 Cheviot Place in Toronto, Ontario at a substantial profit. The 53,350 square foot property was acquired by Starlight Acquisitions Ltd. in October 2017 and has been in Navona’s portfolio for over 25 years.

This 40 unit residential townhouse complex is located on the busy corner of Kipling and Eglinton Avenue and boasts individual suite patio access. In comparison to modern day standards, the 2 floor units are large in size and provide excellent access to public transit as well as all major highways.

Navona would like to thank our marketing partner Jones Lang Lasalle, who ran a successful advertising campaign that resulted in the expeditious disposition of 5 Cheviot Place.

Leasing Announcements

2199BloorSt_cathyjgriggs@gmail.com-2

 

2199 Bloor Street West, Toronto: The ground floor space with 3,025 square feet was recently leased on a long-term basis to a new gastro-pub restaurant which is planning to open in the spring of 2018.

 

 

Navona‘s Acquisition and Disposition Announcements

Disposition of 6265 Kenway Drive, Mississauga

Navona is pleased to announce the sale of 6265 Kenway Drive, Mississauga at the end of June 2017.

Kenway

The 102,250 square foot property was acquired by the owner/operator Goldenway International Trade Co. Ltd. (1875783 Ontario Inc.). The size and location of this property gave the new owner the option to expand their future operational needs.
Navona would like to thank its business and consulting partners Jones Lang Lasalle, G. Griffiths & Associates and GT Happy Construction Ltd. for successfully completing this project with Navona.

 

   Acquisition 918 St. Clair Avenue West in Toronto

Navona has recently acquired this property located on busy St. Clair Avenue West at the corner of Robina Avenue.

198 St Clair

The two storey building with finished basement space has a total usable area of 18,150 square feet and is currently leased to „University Health Network“ (UHN) until November 2026 and to the physiotherapy clinic „Runners Academy“ until February 2019.

 

Acquisition of 10108 Nordel Court, Delta, British Columbia

10108 Nordel 7Eleven crop110108 Nordel pictures timmys

With the acquisition of 10108 Nordel Court, Delta, BC in September of this year, Navona adds another property to the Western portion of its portfolio. The property with a total square footage of 1.405 Acre is leased to the well known franchise „7-Eleven“ and to Canada‘s popular fast food restaurant chain „Tim Hortons“.

 

Leasing Announcements

 1450 Appleby Line, Burlington: The second floor was successfully leased to the security Firm „ASP Inc.“ for a 10-year term until May 2027.

5490 Harvester Road, Burlington: Unit# 2 was leased long-term to the tile retailer „Eden Tile“ for a 10 year term until July 2027.

224-226 Queen Street West, Toronto: The front retail space at the corner of Queen and McCaul Street with 1,500 square feet was successfully leased to the restaurant „Hopscotch“ for a 10 year term until July 2027.

130 Bell Farm Road, Barrie: The retail space with 3,590 square feet was leased for a 5 year term until April 2022 to the clothing store „That Vintage Place“.

1550 Appleby Line, Burlington: A section of the ground floor with 3,293 square feet has been leased to the Investment firm „Newlook Capital“ until November 2022.

Navona acquires Long-Term leased Property in Hamilton, Ontario

Navona is excited to announce the acquisition of 1341 Main Street West, Hamilton, Ontario in December of 2016. The property with a square footage of 25,700 is 100% leased on a long-term basis to Shoppers Drugmart and Starbucks.

front

The central location at the busy intersection of Main Street West and Emerson Street directly across from McMaster University and the McMaster Medical Centres offers excellent visibility and access for cars and pedestrians.

The City of Hamilton is planning a new LRT (Light Rail Transit) Line along Main Street, which will further boost traffic and provide for increased development potential.

 

Acquisition of 1289 Main Street West in Hamilton, Ontario

1289 Main Street Final

With the acquisition of 1289 Main Street West in Hamilton Ontario, Navona has added yet another long-term leased property to its portfolio in January of 2017. The building of 3,465 square feet on 13,500 square feet of land is leased to the well known tire and auto centre chain ‚Active Green + Ross‘ until May 2026. The central location directly across from the Medical Centre of McMaster University offers optimal visibility and access with again future upside redevelopment potential.

Leasing Announcements

1550 Appleby Line, Burlington: The second floor was successfully leased to the consumer lending company ‚AS 4finance Ltd.‘ for a 10-year term until October 2026.

747 Appleby Line, Burlington: The freight transportation company ‚Load Bearing Logistics‘ has leased 126,750 square feet of the building for a 5 year term until October 2021.

Acquisition of 224-226 Queen Street West

Navona is pleased to announce the successful acquisition of 224-226 Queen Street West in Toronto

224 Queen Street

The approx. 13,600 square foot property is located at the corner of Queen Street West and McCaul Street and is currently tenanted by Dance Teq and Captain’s Boil. Dance Teq’s highly experienced staff offer dance training from beginner to advanced levels. Captain’s Boil Restaurant, known for Toronto’s freshest seafood and Asian aromatics, is located at the back of the building facing McCaul and is scheduled to open on November 1st, 2016. The front unit facing Queen Street is advertised for lease and receiving tremendous interest.

Navona’s Leasing announcements

In the third quarter of 2016, Navona continues to successfully lease properties within the Greater Toronto Area.

350 Queen Street West in Toronto: The retail space has been leased to the independent jewelry store BluBoho as their third location. With very high interest, all three residential apartments in this building have been leased as of September 1st.

342 Queen Street West in Toronto: The office space on the 2nd Floor, formerly occupied by Lululemon, has been recently leased by PumpUp, an online fitness app software company. The Luxury Apartment on the 3rd Floor has also been leased successfully as of September 1st.

Navona announces Leasing Progress

Despite slow economic growth nationally, Navona’s properties continue to attract new tenants and perform well. Navona markets its properties with a focus on providing options which adapt to Tenant’s operational requirements and align with their long term strategies for growth.

In the second quarter, Navona was pleased to welcome two new tenants to Navona’s properties in Burlington:

AS 4Finance Ltd. has leased over twenty thousand square feet of office space at Navona’s building on 1550 Appleby Line.  4Finance is growing its North American foot print as one of Europe’s largest and fastest growing online and mobile consumer lending groups.

Access Security Products Ltd., a leading manufacturer and supplier of burglary and fire resistant safes, vaults and physical security equipment, has leased a 12,000 Square Foot retail and warehouse unit at 5490 Harvester Road.  

Navona announces Personnel Changes

Melissa Clement has resigned from her position at Navona.  We are pleased to announce that Catrin O’Grady has joined Navona as Office Manager and Client Relations Coordinator.  Catrin grew up in Germany, where she completed two business degrees.  After moving to Canada in 2007, Catrin held a number of administrative positions, which provided her with an excellent business background.  We welcome Catrin to her new responsibilities at Navona.

Navona announces new Director of Acquisitions & Asset Management

Navona is pleased to announce the recent appointment of Jennifer Shaw as Director, Acquisitions & Asset Management.

Jennifer brings a unique combination of real estate finance, development, commercial project management and leasing skills to Navona.  Previously at GWL Realty Advisors, she held the dual position of Manager Construction Services Development & Manager Tenant Coordination Development; and prior to that  was the Campus Project Leader, Program Manager and Asset Manager of a 1 Million sq. ft. Bell Corporate Campus in Mississauga with Bell Real Estate Services.

Jennifer will be responsible for all aspects of Acquisitions and Asset Management, including:

  1. Acquisitions (identifying opportunities, trends, research & sourcing, negotiation and due diligence),
  2. Leasing (new agreements, assumptions and negotiations),
  3. Asset Management (analysis & strategic direction),
  4. Project Management (construction coordination, budgets, project management & tracking) for work not completed by Property Management, and
  5. Building Relationships (tenants, brokerage and partners).

Welcome aboard, Jennifer!

 

Navona Closes Sale of 2001-2045 Drew Road, Mississauga

Navona is pleased to announce the sale of 2001-2045 Drew Road, Mississauga, Ontario to Dhaliwal Investments Limited in November of 2015.  The disposition continues the successful execution of Navona’s repositioning strategy: Converting fully leased single-tenant industrial assets into multi-tenanted properties and creating value through lease-up and capitalization via ultimate sale.  Navona would like to thank its business and consulting partners Jones Lang Lasalle, G. Griffiths & Associates and G T Happy Construction Ltd for completing this project cycle with Navona.

2001 Drew Road 2001-2045 Drew Road, Mississauga, Ontario