Deloitte Will Anchor New $475M Toronto Office Tower

Law360, New York (June 13, 2012, 6:22 PM EDT) -- Brookfield Office Properties Inc. announced Tuesday that it has begun development of a new, $475 million, 44-story office tower in downtown Toronto scheduled to open by 2016, with Deloitte Canada signed on as the building’s anchor tenant.

Deloitte signed a commitment to lease 420,000 square feet for its offices, about 43 percent of the new financial district tower called Bay Adelaide Centre East, it said in a statement. The building will be adjacent to Bay Adelaide Centre West, a 51-story tower completed in 2009.

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