A joint venture led by Europro Real Estate has acquired yet another major office complex along Yonge Street in Toronto, adding the 1.2-million-square-foot, twin-tower North American Centre to its portfolio.

Other partners in the acquisition include Questrade, Paradise Commercial, Arista, Fieldgate Commercial and Monterey Park.

It is the fourth major property Europro has acquired in the area, and the second so far in 2026.

Financial details have not been disclosed.

Europro acquired the Yonge Corporate Centre earlier this year, and also owns and manages 5001 Yonge as well as the Madison Centre at 4950 Yonge. The North American Centre brings its total ownership footprint in the corridor to more than 2.6 million square feet and solidifies its position as the largest and most dominant landlord in the area.

North American Centre is located at 5650 and 5700 Yonge St., in the area known as the North Yonge Corridor. While Europro has interests in all four of the properties in the area, this particular partnership group is involved with one of the other sites, the Yonge Corporate Centre.

Europro's Yonge Street strategy

The acquisition reflects a deliberate strategy by Europro to build meaningful scale in the corridor, which the group considers one of the city’s most important office nodes outside of the downtown core.

“North Yonge offers a compelling alternative within the GTA,” said Jesse Nathanson of Europro in the announcement Tuesday. “It delivers transit connectivity, direct highway access, residential density and strong fundamentals. By building real scale from York Mills to Finch, Europro is creating optionality and flexibility for tenants that very few landlords can provide.”

North American Centre consists of 21- and 23-storey towers connected by a retail concourse, with underground access to Finch TTC station. It includes over 2,000 parking stalls, fitness facilities, daycare services, conference amenities and a broad range of on-site conveniences. 

In addition to public transit access, it offers proximity to highways 401 and 407, the GTA cities of Vaughan and Markham and the wider region.

The property holds LEED Gold and BOMA Best certifications.

“This is a rare opportunity to assemble institutional-quality assets in a corridor we know and believe in,” said Steven Weisz of Paradise Commercial, in the announcement. “By aligning experienced operators with long-term capital and an occupier partner, we are positioned to reinvest thoughtfully and elevate the tenant experience across the platform.”

New partnership with Questrade

Europro’s acquisition of North American Centre includes entering into a strategic partnership with Questrade, whose global head office is located at the property. One of Canada’s fastest-growing financial services firms, Questrade recently received its Canadian banking licence allowing it to continue its expansion at North American Centre.

“North American Centre has been an important home for our team,” said Edward Kholodenko, CEO of Questrade, in the announcement. “Becoming an ownership partner allows us to invest directly in the environment where our people work every day.”

Colliers Canada, led by Domenic Delapenha, brokered the off-market transaction on behalf of Europro – as it had for Yonge Corporate Centre. Chris Burans and Adam Dauphinee are leading leasing efforts for the property.

Europro intends to apply its active leasing platform and management approach across the asset and the broader North Yonge portfolio.

“We are not passive owners. We are hands-on, decisive and proactive. We move quickly, we structure creative deals and we focus on helping our tenants succeed. With multiple buildings along the corridor, we can offer real solutions and grow alongside the businesses that choose to be here,” Nathanson said in the announcement.

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