Evton Capital Partners

Evton Capital Partners

February 10, 2012 07:00 ET

Evton Completes Purchase of Commercial Office Condominium in Mississauga

Acquisition continues strengthening the value-add strategy of Evton Real Estate Fund LP

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2012) - Evton Capital Partners, managers of Evton Real Estate Fund LP, today announced it has completed the acquisition of 2540-2570 Matheson Boulevard in Mississauga's Airport Corporate Centre.

"We are very excited about the prospects for this asset" said D'Arcy McGee, President of Evton Capital Partners. "We see considerable potential in this property through the execution of a condominium sales program, similar to the success we achieved at 2600 Skymark Avenue. We also see the opportunity for capital improvements which will make the property more attractive to tenants and investors alike. This acquisition is in line with our continued, proven strategy of purchasing value-add B-class assets in Southern Ontario that contribute to the growth of our investor's capital within the Fund".

The 125,650 square foot property is located within the prestigious Airport Corporate Centre. The complex is surrounded by office, industrial, and retail uses, and is a short distance from the future interregional Bus Rapid Transit (BRT) corridor. The complex is ideally located just minutes from highways 401, 403, 410 and 427 providing easy access for tenants.

About Evton Capital Partners

Evton Capital Partners is a commercial real estate investment and property management firm based in Toronto. Since its inception in 1995, the company has completed 32 acquisitions representing approximately $150 million in invested capital in Ontario and Alberta, with a gross internal rate of return of 31% on realized and unrealized investments. Evton is focused on acquiring private Canadian real estate investment opportunities for institutional and high-net- worth investors.

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