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Pots Still Boiling at Old Spaghetti Factory After Building Sale

Allied Properties Picks Up Restaurant in $25 Million Deal That Completes Land Assembly
The building that houses The Old Spaghetti Factory has been sold, but the Toronto institution received another guaranteed 10 years at the site. (CoStar)
The building that houses The Old Spaghetti Factory has been sold, but the Toronto institution received another guaranteed 10 years at the site. (CoStar)
CoStar News
January 30, 2020 | 6:39 P.M.

It wasn't a penchant for pasta that had Allied Properties Real Estate Investment Trust's CEO give Toronto's iconic Old Spaghetti Factory a 10-year lease, but his taste for land banking. The famed eatery is the last piece of a key property assemblage in the city's core.

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