After very first listing the Yonge Corporate Centre 3 years back, pulling the listing, then re-listing the home this time last year, Toronto-based Cadillac Fairview has actually lastly finished a sale of the sprawling office property.In late January, Toronto-based industrial property management business Europro announced that they had partnered with Arista, Fieldgate Commercial, and Paradise Commercial to get the Yonge Corporate Centre, however did not reveal details about the deal or ownership split.One industry source said that the sale price was around
$140 million at a cap rate of around 8.5%, but STOREYS might not separately verify the information. Grabbed remark by STOREYS, a Europro agent declined to comment.The Yonge Corporate Centre lies just north of the crossway of Yonge Street and York Mills Road, beside the Don Valley Golf Course. The 7.79-acre school was constructed in between 1985 and 1989 and includes 3 six-storey office buildings located at 4100, 4110, and 4120 Yonge Street.The campus is home to 649,808 sq. ft of Class An office space– split relatively equally throughout the three structures– plus 7,992 sq. feet of retail space in
a standalone heritage building( 4150 Yonge Street)that’s home French restaurant Auberge de Pommier, bringing the total amount of net rentable location to 657,800 sq. ft.The property was noted by Peter Senst, Jaysen Smalley, and Kai Tai Li of CBRE together with Ashley Martis, Elliot Medoff, and Alexandra Ivashenko of TD Foundation. In 2015’s sales pamphlet kept in mind that the Yonge Corporate Centre had an occupancy rate of 83%. Tenancies had a weighted typical lease regard to 3.6 years, with tenants including Ontario Lotto and Video Gaming, Dayforce, Wawanesa Insurance Coverage, Canadian Institute for Health Information, and BlueCat Networks.The sales brochure likewise laid out the” considerable residential redevelopment potential “of the website, including a development concept that would consist of 4 towers in between 34 and 37 storeys, 2 towers between 24 and 27 storeys, and 2 structures between 10 and 14 floors. However, Europro has not shown that it has any redevelopment plans and the business voiced a strong belief in the workplace market.A Go back to Workplace? The Yonge Corporate Centre at 4100-4150 Yonge Street.(Europro)” We see clear signs of strength going back to the workplace sector,
” said Europro Vice President of 
Property Management & Investments Jesse Nathanson in the press release.”This acquisition aligns nicely with our method of owning and running best-in-class office experiences in high-growth transit-oriented markets. […] This milestone reinforces our long-term dedication to the node. Broadening our presence here strengthens our ability to support business community and positions our portfolio for sustained development in among Toronto’s the majority of dynamic workplace markets. “With the Yonge Corporate Centre acquisition, Europro now owns 3 substantial assets along Yonge Street in the North Yonge corridor, with the other two being the 19-storey office tower at 5001 Yonge Street and
the 24-storey Madison Centre at 4950 Yonge Street. The three possessions total to over 1.5 million sq. ft.Europro likewise said that it has a” strong conviction in the long-lasting vitality of the North Yonge market and the recovering office sector,” while Executive Vice President of Paradise Commercial Steven Weisz said he believes the
workplace sector “is in the early innings of a strong comeback “and President & CEO of Arista Michael DeGasperis said that the collaboration is” totally dedicated to improving this school.”According to a report released by business property information and analytics company Altus Group last week, the office accessibility rate in Toronto reduced to 16.7%in Q4 2025, a year-over-year decline of 2.10%, and reflects a strong economic base and strong enforcement of return-to-office. The absence of brand-new building and construction– a trend present throughout the majority of the country– also added to the absorption of existing space, while the so-called “flight to quality”has likewise benefited Class AAA and A structures across Canada.