The $326.55 million sale of a portfolio of senior living properties in British Columbia and Alberta was the largest deal of the quarter, as overall investment activity remains strong in 2022.

Axium Infrastructure and joint venture partner Optima Living acquired 1,092 beds in eight seniors' supportive living communities from H&H Total Care in the deal based on 6.28% cap rate, according to CoStar data.

The deal represented one of the top transactions recognized in the latest CoStar Power Broker Quarterly Deal Awards.

"Optima Living looks forward to bringing high-quality care and services to eight Hamlet seniors' care communities in Alberta and B.C. and meaningfully engaging with all employees and residents," said Karim Kassam, co-founder and principal of Optima Living, in an announcement on the deal which closed on Sept. 15.

In Alberta, the company bought a property at 304 - 354 1st Ave N.W. in Airdrie, 6 Daykin St. and 388 Liberty Ave. in Red Deer.

The British Columbia properties are located at 8382 156 St, in Surrey, 103 Duncan Ave W. in Penticton, 3255 Overlander Dr. in Kamloops, 3050 29 Ave. in Vernon and 5950 York Rd. in Duncan.

Newmark was the listing broker on the sale, represented by BJ Bhal, senior managing director, David Kalinowsky, managing director, and Mark Gallagher, senior vice-president of capital markets.

"This strategic portfolio transaction provides the joint venture partnership with immediate scale and considerable market share of funded seniors housing residences in Western Canada," Gallagher said in statement.

Newmark noted the portfolio, which is relatively new, with an average building age of 10 years, was successfully completed in a rapidly changing interest rate environment.

Here's a look at other top deals for the quarter:

Canaccord Genuity Signs Lease for Four Floors at Building in Vancouver Known As the Stack

The quarter's top office deal was in Vancouver where investment banking and financial services firm Canaccord Genuity signed an 84,927 square foot lease at a 1133 Melville Street in a Vancouver building known as The Stack.

The firm plans to occupy new space in the building with a pre-lease at the 11th through 14th floors in the 36-storey building, which is expected to occupy in 2023. The lease was signed on Aug. 8.

Jennifer Williams, with landlord Oxford Properties Group, was the leasing representative on the deal. There was no tenant contact on the agreement.

The Stack has been designed as four distinct "boxes" with 540,000 square feet of space. The building has been delayed from a third-quarter occupancy, but media reports suggest tenants will start to move in by the end of 2022.

New Industrial Facility Southwest of Toronto Records Largest Deal of Third Quarter

Portside Logistics, a national warehousing, distribution and supply chain company, is expanding into Burlington, about 50 kilometres southwest from Toronto in what is the largest industrial deal of the quarter for the country.

The company agreed to take 141,000 square feet in a new industrial facility at 3430 Harvester Road, currently under construction near Walkers Line and Harvester Road, about 50 kilometres southwest of Toronto.

Portside plans to occupy the entire facility for its business with a secure shipping area.

The seven-year lease was signed on August 26 and kicks in January 1, 2023. The property had been on the market for three months.

Fraser Plant, senior vice president and Michael Yull executive vice president of industrial with Cushman & Wakefield acted as the leasing representatives on the deal.

Harvester Logistics Centre is a project developed by Hopewell Development LP, which has been designing, constructing and managing industrial and retail projects across the GTA and Western Canada since 1995 and recently expanded into the U.S.

The company has developed 28 million square feet of retail, industrial and flex-office space.

Furniture Design Firm Secures Space at Downtown Toronto Condo Complex

The top retail lease across the country in the third quarter was a 43,300-square-foot deal by a furniture design company in downtown Toronto.

Home Société agreed to space at 48 Power Street in Toronto, part of a new condominium complex in the Moss Park/Regent Park submarket.

The lease was signed on Aug. 1, 2022, and will kick in on Aug. 1, 2023, when the tenant moves in.

Jonathan Weinberg, vice president of retail with First Gulf Corp., was the leasing representative on the deal, while Seymour Schwartz, partner, and Bernard Feinstein, president and broker of record hailed from Paracom Realty Brokerage Corp.