Top Retail Leases Recognized For Toronto
Top Retail Leases Recognized For Toronto
Prominent retail leases signed by Pickleplex Social Club, Fotile and Uptown Montessori School-Woodbridge negotiated by top dealmakers from Royal LePage Frank, CBRE and Cushman & Wakefield are among the first-quarter retail leases recognized by CoStar.
As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar is pleased to recognize the following top leases completed during the first quarter and the dealmakers who made them happen in their respective markets.
Here are the Greater Toronto retail leases selected as the first-quarter 2025 winners of the CoStar Power Broker Quarterly Deal Awards:
TOP LEASE: Kingway Village, 1300 King St. E, Oshawa, ON
Space Leased: 37,828 SF
Deal Type: New Lease
Size: 170,000 SF
Tenant: Pickleplex Social Club
Brokers Involved: Chris Tyrovolas of Royal LePage Frank represented the landlord. Matthew Pieszchala of CBRE represented the tenant.
Deal Commentary: Pickleplex Social Club signed the top first-quarter retail lease in the GTA securing a new location in Kingway Village, a strip retail center in Oshawa owned by Valiant Group.
TOP LEASE: 9625 Yonge St., Richmond Hill, ON
Space Leased: 19,994 SF
Deal Type: New Lease
Size: 56,672 SF
Tenant: Fotile
Brokers Involved: Mike Betel of Cushman & Wakefield represented the landlord.
Deal Commentary: Fotile, one of China’s largest kitchen appliance brands and a popular retailer of premium kitchen appliances, signed a top deal in the first quarter for just under 20,000 square feet, continuing its Canadian expansion with this large-format retail presence. Fotile is now the largest tenant in the Richmond Hill neighbourhood centre owned by Prombank Investment Ltd.
TOP LEASE: 37 Carl Hall Road, Toronto, ON
Space Leased: 13,168 SF
Deal Type: New Lease
Size: 85,131 SF
Tenant: Uptown Montessori School-Woodbridge
Brokers Involved: Susan Best of BGIS Global Integrated Solutions Realty represented the landlord. Mir Ali Asgary and Adam Watson of Creiland Consultants Realty represented the tenant.
Deal Commentary: Uptown Montessori School-Woodbridge finalized a first-quarter expansion by leasing space at 37 Carl Hall Road in Toronto’s Downsview Park area. The private school, which offers early childhood and elementary education, is expanding its presence in the GTA with this new location. The site is part of a larger mixed-use area that includes educational, recreational and public facilities owned by Canada Lands Company, the Crown corporation that acquires properties from various federal departments, agencies and Crown corporations.
TOP LEASE: Manulife Centre, 55 Bloor St. W, Toronto, ON
Space Leased: 9,500 SF
Deal Type: New Lease
Size: 334,557 SF
Tenant: L.L. Bean
Brokers Involved: Arlin Markowitz and Alex Edmison of CBRE represented the landlord. Andrew Laudenbach of Oberfeld Snowcap represented the tenant.
Deal Commentary: L.L. Bean, the U.S. based retailer known for its selection of outdoor gear and apparel, struck a deal in the first quarter to open a new store at 55 Bloor St W in Toronto. The new location will place the in the heart of the high end Bloor-Yorkville retail district. The building is owned by Brookfield Properties, which operates a number of high-profile properties across North America. This marks the company’s continued push into major Canadian urban markets.
TOP LEASE: 876 Eglinton Ave. E, Toronto, ON
Space Leased: 3,725 SF
Deal Type: New Lease
Size: 5,582 SF
Tenant: Tim Hortons
Brokers Involved: Sun Quach of CB Metropolitan Commercial represented the landlord.
Deal Commentary: Tim Hortons will open one of its popular coffee stores at the prominent intersection of Eglinton Avenue East and Laird Drive in Toronto. The storefront retail location in Scarborough is owned by Topostar Corp.
Source CoStar. Click here for the full story.
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