SOURCE: Crown Property Management Inc.

Crown Property Management Inc.

March 23, 2015 16:37 ET

Crown Property Management and LaSalle Investment Management Are Pleased to Announce the Designation of 2233 Argentia Road as a BOMA 360 Performance Building

TORONTO, ON--(Marketwired - March 23, 2015) - 2233 Argentia Road in Mississauga, Ontario has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association ("BOMA") International. The BOMA 360 Performance Program­® validates and recognizes commercial properties that demonstrate best practices in building operations and management. 

The building, owned by LaSalle Investment Management Inc. ("LaSalle") and managed by Crown Property Management Inc. ("Crown"), is the 19th building in Canada to earn this esteemed designation, the 12th in Toronto and the first in Ontario outside of Toronto's downtown core.

Although this 176,000 square foot building is small in stature relative to some of Toronto's other BOMA 360 Performance Buildings, the Crown team would affirm that it's big in heart (and sustainability). This designation follows a year of other outstanding achievements for the building. In 2014, the building earned a LEED Gold Certification, received The Outstanding Building of the Year (TOBY) Award at BOMEX (within the 100,000-249,999 square foot category) and also earned the national Outstanding Building of the Year award. 

"BOMA 360 Performance Building for 2233 Argentia adds another distinguishing feature that will help us continue to attract great tenants and is recognition of the work and resources we have put into the complex," said Peter McFarlane, Vice President at LaSalle Investment Management. "By improving amenities, tenant relations and the overall aesthetic of the building, we're also adding value to the portfolio."

The BOMA 360 Performance Program is a groundbreaking building designation program that evaluates properties in six major areas: building operations and management; life safety/security/risk management; training and education of building personnel; energy management; environmental/sustainability performance; and tenant relations and community involvement. The BOMA 360 Performance Program takes a holistic approach to evaluating a building's operations and management and benchmarks a building's performance against industry standards.

About Crown Realty Partners
Founded in 2001, Crown Realty Partners acquires, manages and develops commercial real estate assets in Canada. Through its wholly owned subsidiary, Crown Property Management Inc., Crown applies a hands-on approach to real estate management that delivers both higher performance for our investors and a better experience for our tenants. Crown has acquired and managed over seven million square feet of office space totaling over $2 billion in transactions and consistently delivers above market returns. For more information, visit www.crownrealtypartners.com

About LaSalle Investment Management
LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager with approximately $55 billion of assets under management of private and public property equity investments. LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and our clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe. For more information, visit www.lasalle.com.

Contact Information

  • FOR FURTHER INFORMATION, PLEASE CONTACT:
    Les Miller
    Managing Partner, Real Estate Management
    Crown Realty Partners
    647.729.2604
    lmiller@crp-cpmi.com