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October 1, 2013

Bayfield Realty Advisors Announce Sale of 110 Yonge Street

TORONTO, ONTARIO--(Marketwired - Oct 1, 2013)- Mr. Harold Spring, President and CEO of Bayfield Realty Advisors Inc. (Bayfield), today announced that Bayfield has sold its 50% interest in 110 Yonge Street, The Canada Trust Building, a 150,323 square foot office building within Toronto's downtown financial core, at the southwest corner of Yonge and Adelaide Streets. The 50% interest in the building was purchased in July of 2009 for $21,250,000 and was sold for more than $30,000,000. The property was sold to take advantage of historically low capitalization rates and strong demand for core financial office properties.