HOOPPHospitals of Ontario Pension Plan (Canada)
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HOOPP said this joint venture allows it to continue to expand its US portfolio with its first Chicago investment that will provide stable income and tangible long-term growth potential.
Helical Bar was consulted by Savills and Ingleby Trice on the transaction, while HOOPP received advice from Cushman & Wakefield.
Sun Life Financial will occupy approximately ten floors of the building and, together with HOOPP, will comprise just under 60% of the leasable space.
HOOPP is the absolute ideal long-term partner for our company.
Hughes added: Our clients will benefit in occupancy by having HOOPP as their investor owners, HOOPP taking a long-term ownership perspective and seeking a long term relationship with their tenant clients.
Linda Haslam-Stroud, President of ONA, said, ONA and the provincial government have negotiated an agreement that ensures HOOPP will continue to be there for the many hard-working, dedicated registered nurses and allied health professionals who pay into the plan to prepare for retirement.
The ONA members who belong to HOOPP have deferred part of their wages to pay into HOOPP and plan for their retirement.