Commercial Real Estate Redevelopment Showcase: 6790 Century Avenue, Mississauga
Greater Toronto Area suburb, Mississauga, Ontario, has been seeing substantial growth in terms of commercial real estate developments and office leasing as evidenced by the growing number of multinational organizations and Fortune 500 head offices that have taken tenancy in the area.
The market node Meadowvale is seeing a particular increase in office leasing opportunities, leading the corporate real estate market and outperforming submarket nodes throughout Toronto West. With a growing number of developments and redevelopments in Meadowvale, it was not surprising to see developers vie to acquire 6790 Century Avenue in northwest Mississauga.
About 6790 Century Avenue, Mississauga
Acquired in May 2016 by Northbridge Investment Management (NBIM), this 60,000 SF redevelopment is being repositioned as a B-class building with A-class finishes and amenities. Investing $4 million into interior and exterior upgrades, including all-new HVAC, new common areas, new lobby, and exterior painting and landscaping, NBIM is ensuring that yet another quality building will attract corporate tenants to the Greater Toronto Suburbs.
Free executive underground parking sets 6790 Century Avenue apart from the competition in the suburban market, drawing attention from potential tenants looking to secure an office space with a unique amenity, a convenience that is becoming rare in the suburbs. With its high quality office finishes, hands on ownership, unique amenities, the development is an attractive option for organizations looking to attract employees from across the GTA with an urban touch. And with green initiatives that include showers, bike racks and electric vehicle charging stations, 6790 Century Avenue offers amenities to meet the needs of the masses.
Cushman & Wakefield’s listing team of Corey Duncan and Fay Goveas have already secured Amoena Canada and Stago as new tenants to the building and are excited to unveil the fully completed development in Q1 2017.