OTTAWA, June 23 /CNW Telbec/ -

Primecorp Commercial Realty Inc. Completes Sale of Barkley Towers, Burlington, Ontario to Transglobe Property Management Services

Primecorp Commercial Realty Inc. announced today that it has completed its mandate, acting as exclusive advisor to the Vendor, GJS Properties, in the sale of Barkley Towers, a multi-residential complex located at 955 Warwick Court West, in Burlington, Ontario.

The property, consisting of a sixteen-storey high-rise asset containing 185 residential suites, was purchased by European investor, Transglobe Property Management Services. This acquisition demonstrates continued demand by domestic and international investors to acquire strategically located investment assets within the Canadian market. The transaction was led by Principals Aik Aliferis and Sam Firestone of Primecorp's Multi-Residential Investment Group.

This transaction exhibits Primecorp's continued success and ability to complete substantial investment transactions in the Canadian real estate market. With the sale of Barkley Towers, Primecorp has been involved in the sale of over 11,000 multi-residential units since its inception in 1998.

Primecorp, led by its four founding partners, Steve Lerner, Nicolas Pantieras, Sam Firestone and Aik Aliferis, is a strategically focused commercial real estate investment brokerage, management and advisory firm. The firm has completed in excess of C$1 Billion in real estate transactions with private and institutional investors, public corporations, REITS and international investment groups, in over 25 markets across Canada.