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TORONTO-A joint venture of Boston’s Alcion Ventures and local partner Menkes Development has closed the $358 million sale of the 30-story Telus Tower, a 30-story, 780,000-square foot class A LEED Gold office project at 25 York St., to a Canadian pension fund. The sale consummates a contract entered into in 2005 with the pension fund.

Alcion Founding Partner Martin Zieff explains that the sale also reflects the strategy that the developers executed in building the Telus Tower, which is adjacent to the Air Canada Centre, with direct access to the Air Canada Centre galleria and Union Station.

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