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Cookstown Outlet Mall CD 136

TAURUS ACQUIRES 160,000 SF COOKSTOWN MALL FOR $42.9 MILLION

On March 7, 2008 Taurus Investment Holdings LLC acquired Cookstown Outlet Mall in the town of Innisfil, Ontario through its subsidiary Taurus Canada Investments Ltd. The purchase price was US$42.9 million. Cookstown Outlet Mall is one of the highest profile and most successful outlet centers in Ontario. It has additional land to accommodate further density, offering future value creation opportunities that will build upon its past success.

The mall is situated on the corner of Highway 89 and Highway 400, one hour north of Toronto. The property is comprised of an enclosed mall, containing 160,117 square feet and vacant commercial land. The mall benefits from a high percentage of well-known regional and national tenants such as Adidas, Tommy Hilfiger, Levis, Paderno, Samsonite, Liz Claiborne and Nine West.

This is Taurus Canada's second acquisition in the Canadian real estate market in the past four months.

 

TAURUS INVESTMENT HOLDINGS LLC

Taurus is widely known as a strategic real estate owner/operator specializing in value creation through a mix of development, redevelopment, lease-up and intensive professional management of each individual investment.

With 14 offices in the US and seven across the globe, Boston-based Taurus Investment Holdings successfully balances local entrepreneurship with global financial strength. It steadfastly holds to the philosophy of preservation of principle, providing superior risk-adjusted returns, and alignment of interests with investors.

Taurus was founded in 1976 and has documented an impeccable track record of significant above-market returns. Since its inception, Taurus has purchased and sold over 20 million square feet of office, industrial, retail, residential and hotel assets.

Toronto
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