redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Bay St. and Wellesley St.

Key Information


Bay St. and Wellesley St.


Toronto, ON
11 & 25 Wellesley Street West
11, 16, 20 & 26 Breadalbane Street


Exceptional land offering of large-scale high rise development land in the heart of Toronto's Downtown core.


February 2013




2.01 AC

Sold for


Subject Property

The Land Services Group and National Investment Team were retained on an exclusive basis by Infrastructure Ontario (IO) to arrange the sale of a large scale, high rise development opportunity situated at 11 and 25 Wellesley Street West and 14, 16, 20 and 26 Breadalbane Street in downtown Toronto. This offering was exceptionally well-located on the south side of Wellesley Street West and strategically positioned between Yonge Street and Bay Street in downtown Toronto.

Our Role

We offered the property to the market using a Modified Tender Process with no asking price. We prepared a targeted marketing campaign, which included a four-page teaser flyer that went to all prospective purchasers, the property was highlighted on our website, we ran national advertisements and used social media outlets. Once purchasers were qualified through our Request for Qualifications process, they received a 35-page comprehensive Confidential Information Memorandum, as well as access to information in an online data room, in order to facilitate an expedient due diligence process. We set a date for offer submissions and conducted face-to-face meetings with interested proponents.


Our efforts generated multiple offers on the property. The offers were entered into our offer evaluation matrix, enabling us to rank the offers based on the weighted variables outlined by IO. We were able to compare offers on matters of importance and move forward on the most viable option. The transaction was completed in February 2013 with Lanterra Developments Limited for $65 Million. Lanterra is currently constructing the development known as Wellesley on the Park, with occupancy expected in 2019.


Bay and Wellesley


Mike Czestochowski
Mike Czestochowski**
Vice Chairman, Land Services Group
Advisory & Transaction
+1 416 495 6257
Lauren White
Lauren White*
Executive Vice President, Land Services Group
Advisory & Transaction
*Sales Representative
+1 416 495 6223