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Navona’s Leasing Announcements

130 Bell Farm Road, Barrie, Ontario

Unit 13A with a total area of 4,117 sq. ft. was leased long-term to Freaky Wizard, a coffee house and store which sells vintage toys and products as well as collectibles.

342 Queen Street West, Toronto, Ontario

The office space on the 2nd Floor with 2,006 sq. ft. was leased to the law firm “Caravel Law”.

10108 Nordel Court, Delta, British Columbia

The popular fast food chain restaurant “Tim Hortons” with 3,030 sq.ft. as well the gas station operator “7-Eleven”, with 4,820 sq.ft. have both recently renewed their ground-lease contracts long-term.

 

Navona’s Leasing Announcement

224-226 Queen Street West, Toronto

The front retail space at the corner of Queen and McCaul Street with 1,519 square feet was leased longterm to ‘Aux Merveilleux de Fred’ and will be the first Canadian location for a chain of French pastry shops with locations in London, Paris, New York, Berlin and several other cities worldwide.

Navona’s Acquisition Successes

2750 Swansea Crescent, Ottawa, Ontario

Ottawa final picNavona is pleased to announce the acquisition of 2750 Swansea Crescent, Ottawa, Ontario in December of 2019. The 5.99 acre site was completed in 2002 with a 48,519 Square Foot single-storey warehouse and offers significant extension potential. The property is located in Ottawa’s prestigious Hawthorne Business Park, just south of Walkley Road. Due to its central location, all parts of Ottawa can be serviced quickly.

The property is leased on a long-term basis to Brewers Retail Inc. (dba “The Beer Store”), a Canadian privately owned chain of retail outlets selling beer and other malt beverages in the province of Ontario, Canada. Founded in 1927, Brewers Retail currently operates as a unique open retail and wholesale system primarily owned by three brewing companies, Molson, Labatt and Sleeman, which are ownedby multi-national corporations.

414 Dewitt Road, Stoney Creek (Hamilton), Ontario

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Navona is pleased to announce the acquisition of 414 Dewitt Road, Stoney Creek (Hamilton), Ontario in December of 2019. The 5.919 acre site was finished in 2002 with a 57,191 Square Foot single-storey warehouse and offers significant extension potential. The property is located immediately south of the QEW, and is quickly accessed via the Fruitland Road Exit.

The property is leased on a long-term basis to Brewers Retail Inc. (dba “The Beer Store”), a Canadian privately owned chain of retail outlets selling beer and other malt beverages in the province of Ontario, Canada. Founded in 1927, Brewers Retail currently operates as a unique open retail and wholesale system primarily owned by three brewing companies, Molson, Labatt and Sleeman, which are owned by multi-national corporations.

Acquisition of 6101 Sawyer Loop Road in Sarasota, Florida

Sarasota pic

Navona is pleased to announce the acquisition of 6101 Sawyer Loop Road in Sarasota, Florida at the end of August 2019. The construction of the 60,000 sq. ft. building on the 6.6 acre lot was completed in 2019 and offers extension potential of an additional 10,000 sq.ft.

The property is located in the growing city of Sarasota on the west coast of Florida, about an hour’s drive south of the metropolis Tampa-St. Peterburg and one and a half hours north of Fort Myers. Sarasota is an important city in the Bradenton-Sarasota-Venice district. The property is leased on a long-term basis to Hajoca Corporation. With 360 branches and 1,300 employees, Hajoca Corporation is the largest privately owned wholesale company for plumbing, heating and industrial supplies in the United States.

Leasing Announcements

216 Wilkinson Road, Brampton, Ontario

The Property with a total area of 30,000 sq. ft. was leased long-term to an industrial contractor who specializes in the relocation, installation and maintenance of industrial equipment.

130 Bell Farm Road, Barrie, Ontario

Unit 1 with a total area of 2,511 sq. ft. was leased long-term to Hospice Simcoe, a facility that organizes meetings and information seminars with individuals and groups on palliative care and supporting bereavement.

Units 2&3 with an area of 4,615 sq. ft. were leased long-term to a Chinese restaurant.

Navona closes Sale of 5041 Fairview Street, Burlington Ontario

5041 Fairview

Navona is pleased to announce the sale of 5041 Fairview Street in Burlington, Ontario at the end of July 2018. The property consisting of 29,805 square feet was acquired by its tenant, owner/operator “Centre Ice Training Academy Inc.”, who offers high level ice hockey training and development.

 

Leasing Announcements

342 Queen Street West, Toronto, Ontario
The ground floor retail space consisting of 3,611 square feet was recently leased on a long-term basis to the internet-mattress retailer “Casper Inc.”. Casper sells the widely known mattress-in-a-box as well as other sleep products. With the 342 Queen Street location, Casper is further expanding its brand in Canada.

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

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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.

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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.