Brasswater Inc., a Montreal-based (Westmount, Quebec) private real estate investment, development and operating platform formerly known as Groupe Quint, closed its acquisition of a three-building, 290,000-square-foot office portfolio in Ottawa from Crown Realty Partners. The properties, known as the Carling Executive Centre (previously Carling Executive Park), are located at 1525, 1545 and 1565 Carling Avenue along the Carling Avenue corridor in Ottawa's west end. The acquisition marks Brasswater's entry into the Ottawa market.

Crown originally acquired the portfolio from QuadReal in 2019 as its first Ottawa investment. During its ownership, Crown invested more than $2.3 million in capital improvements, including upgraded common areas, enhanced tenant amenities, and new tenant engagement and wellness programming. The portfolio was reported to be approximately 94 percent occupied at the time of sale.

As part of the transaction, Crown will continue to provide property management services and will work alongside Brasswater on leasing, ensuring operational continuity for tenants through the ownership transition.