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Morguard purchases Ontario office building for C$67M

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Morguard purchases Ontario office building for C$67M

Morguard Corp. acquired an eight-story class A suburban office building in Markham, Ontario, for C$66.5 million.

123 Commerce Valley Drive East spans 203,500 square feet on 10.6 acres of land and the company can use in-place zoning, extra density and existing parking to potentially build an additional 270,000 square feet of office space on the property.