Crown Realty Partners acquired a 1.2 million square foot office community, located along Mississauga’s Hurontario corridor. The announcement marks the company’s largest acquisition to date.

The 50-acre property in the Heartland Business Community features five office buildings, a retail bank branch, daycare and electric vehicle charging stations, all near the Hurontario LRT.

ESG-focused initiatives will be essential to Crown’s repositioning of the already LEED and BOMA BEST certified properties. There are also plans to elevate the workplace experience and ESG profile of the buildings through decarbonization planning and climate-risk assessments to enhance energy savings and reduce GHG emissions. There will also be upgraded collaborative zones and environmentally friendly, move-in ready office suites. A digital tenant app will bring tenants more autonomy over their workday.

“Our repositioning plan is geared towards elevating the workplace experience for tenants and attracting top businesses and talent,” said Scott Watson, managing partner, acquisitions and leasing.

“Improving and building upon the environmental, social and governance credentials of these buildings will be key for their future value,” added Emily Hanna, managing partner of investments at Crown. “Our team has already identified upgrades that could result in 20 per cent energy savings and emission reductions.”

Together, the buildings form an office community that offers a work-life balance. Each building has its own distinct property profile, with the ability to accommodate flexible office designs up to 85,000 square feet in size.