10-11-2016, 01:39 PM
Who knows what the current owners reasons were, we weren't at the negotiating table. There may have been multiple shareholders in the property (especially if the land transferred to the children of the original owner). They may have looked at what other downtown property was selling for and figured that they deserved a better deal. Anyone wants to compare this price per acre to the market rate according to more recent transactions? Look at this way, it will give Manulife the option to plant some really big columns if they every decide to build up.