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Morguard Corp. pays C$52M for Ottawa office property

Morguard Corp. said in its second-quarter earnings release that it bought a 157,350-square-foot office property in Ottawa for C$52.0 million in July.

In August, the real estate company sold its 50% stake in an industrial property comprising 242,521 square feet in Salaberry-de-Valleyfield, Québec, for gross proceeds of C$16.1 million.