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Landmark midtown site sold for $40 mil

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According to records obtained from Toronto’s Land Registry Office, the Art Shoppe site was sold to a developer for $40,360,800 in October of last year. The land title was transferred from a numbered company that lists Martin Offman (CEO of the Art Shoppe Ltd.) as its president to a numbered company that lists Peter B. Freed, of Freed Developments, as its president. The numbered company that purchased the property also lists Jordan Dermer and Todd Cowan of CD Capital Partners as officers.