TrizecHahn Completes Non-Core Asset Sale With $312-Mil Push

NEW YORK CITY-Toronto-based TrizecHahn Corp. has put an end to its disposition of non-core North American assets with the sale of seven office buildings. The deals, all completed since the end of September, were valued at $312 million–or $180 million after debt re-payments. That brings the total value of properties shed to $1.7 billion, says Gregory C. Wilkins, president and COO.

This most recent round of sales includes Place Bell Canada in Ottawa, Scotia Centre inCalgary, CN Tower in Edmonton, Two Pershing Square in Kansas City, Twinbrook Metro Park and 6006 Executive Blvd. in Maryland and Courthouse Square in Virginia. “We are now focused on enhancing our core US office portfolio and on developing our global technology center business in conjunction with Global Switch,” Wilkins states.