The wins celebrate a landmark lease at Hazeldean Mall and a defining office acquisition at Churchill Office Park, each representing a major turning point in their respective markets.
T&T Supermarket at Hazeldean Mall – Lease of the Year (Ottawa):
When T&T Supermarket, Canada’s largest Asian grocer, signed a 15-year lease at Hazeldean Mall, it did more than fill the 38,000+ square foot vacancy left by a long-time tenant—it breathed new life into the Kanata-Stittsville retail hub.
The lease introduced a dynamic, multicultural grocery experience to an underserved part of the city, driving significant foot traffic and attracting a more diverse customer base. The impact of this lease has been immediate and transformational, positioning Hazeldean Mall as a vibrant and inclusive shopping destination once again.
Judges called it a “catalyst for additional leasing” and praised the deal for “saving a dying mall” and revitalizing the surrounding community. Sustainable upgrades, such as energy-efficient lighting and water-saving technology, further aligned the project with Regional Group’s long-term vision for environmentally conscious development.
Churchill Office Park Acquisition – Sale/Acquisition of the Year (Ottawa):
In a struggling office market marked by cautious investors and tightening financing conditions, The Regional Group’s $27 million acquisition of Churchill Office Park at 1600 Carling Avenue sent a powerful message: Ottawa’s suburban office market still holds long-term value.
The deal, completed after a 16-month negotiation process, overcame major hurdles—from vacancy risk to price expectations—to close during a time when office transactions were rare. Signing Bird Construction during the process helped mitigate vacancy concerns, while the 81% occupancy and strong tenant roster, including BMO and MNP, solidified confidence in the property’s resilience.
Behind the success:
Hazeldean Mall Lease: Led by Todd Beech, with support from Kelly Rombough and Tal Scher
Churchill Office Park Acquisition: Led by Sachin Anand and Tal Scher, with brokerage support from CBRE’s national investment team
About the CoStar Impact Awards:
The CoStar Impact Awards recognize commercial real estate transactions and projects that have made a significant impact on their local markets. Judged by respected professionals in each region, these awards celebrate innovation, resilience, and strategic foresight in real estate.