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Morguard Announces the Sale of 181 Queen Street in Ottawa

Newswire.ca - Thu Mar 7, 11:15AM CST

MISSISSAUGA, ON, March 7, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today announced the sale of 181 Queen Street in Ottawa to Public Works and Government Services ("Purchaser"). The sale was transacted at $125.3 million, or approximately $500 per square foot, with a portion of the proceeds used to repay a first mortgage in the amount of $57.7 million.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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