Andrea Stephen is now an independent director with First Capital Realty Inc. (TSX:FCR). She recently retired as executive vice-president of investments at Cadillac Fairview Corp. Ltd.
First Capital Realty Inc. (TSX: FCR) announced Monday that Andrea Stephen, a former executive with Cadillac Fairview Corp. Ltd., is now an independent director on First Capital’s board.
Toronto-based First Capital owns interests in 169 retail properties with supermarket and drugstore tenants, including 10 under development, with 23.2 million square feet of gross leasable area.
Stephen, a chartered accountant with a business degree from St. Francis Xavier University, recently retired as executive vice-president of investments at Cadillac Fairview, where she led the execution of more than $9 billion worth of transactions, according to a First Capital press release. She was also director of real estate for the Ontario Teachers’ Pension Plan Board.
First Capital’s properties include Hazelton Lanes, which it bought for $110 million in September. Hazelton Lanes is a mixed-use property at 87 Avenue Road in Toronto, about a kilometer north of the Ontario Legislature building at Queen’s Park. At the time, First Capital said the Whole Foods franchise at Hazelton Lanes has “significant repositioning opportunities.”
First Capital’s other directors include CEO Dori Segal, chairman Chaim Katzman, Jon Hagan, Nathan Hetz, Susan McArthur, Bernard McDonell, Steven K. Ranson and Moshe Ronen.
DCN DIGITAL MEDIA
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