Just before the end of 2024, QuadReal Property Group — the real estate subsidiary of the British Columbia Investment Management Corporation (BCI) — sold a large office property it owns in Mississauga, Ontario.

The property is the Meadowvale Corporate Centre, located at 2000 Argentia Road, a 13-acre triangular site that is also bounded by Mississauga Road and Turner Valley Road.


It is situated a five-minute drive away from the Meadowvale GO Station and three minutes away from the 401, north of which is the Meadowvale North Business Park that remains owned by QuadReal.

According to commercial real estate brokerage Avison Young, QuadReal sold the Meadowvale Corporate Centre for $40,100,000. Factoring in the size of the property, which houses about 275,601 sq. ft of office space across five buildings, the price translates to approximately $146 per sq. ft.

The purchaser was Mississauga-based Aaxel Insurance Brokers Ltd. according to both Avison Young and Crown Realty Partners, the property manager retained by Aaxel Insurance.

The transaction was brokered by John Stewart, Bill Pitt, and Scott Chandler of Marcus & Millichap's Institutional Property Advisors (IPA) team in Ontario, as well as Ron Jasinski and Domenic Galati of Colliers.

Meadowvale Corporate Centre

The Meadowvale Corporate Centre was originally constructed between 1973 and 1976 and now consists of five low-rise office buildings with a total of around 275,601 sq. ft of space.

In the years since its completion, the property has seen substantial improvements and all five buildings are now BOMA Best Silver certified.

The Meadowvale Corporate Centre at 2000 Argentia Road in Mississauga.The Meadowvale Corporate Centre at 2000 Argentia Road in Mississauga. / QuadReal

According to the IPA team, the office complex is currently 75.3% leased and has a weight average lease term (WALT) of 3.9 years. A January 2025 listing by Colliers indicates that 12 suites of various sizes are currently available across the five buildings, which are named Plaza 1 through 5.

The listing notes that the net rent is $17.95 per sq. ft and the additional rent is $17.68 per sq. ft. Colliers also notes that the complex provides plenty of parking, EV charging stations, as well as on-site café and deli.

Current tenants of the Meadowvale Corporate Centre, according to Google Maps, include the Canadian Home Care Association, FirstLight Home Care Canada, multiple law firms, and Canadian Western Bank.

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