Complex sentence: The 238 Bloor Street West location, opposite Varsity Arena, was opened as a company owned and operated location, and was eventually sold by Cara in early 2006 to One Bedford, a condo project.
Split into simpler sentences: The 238 Bloor Street West location, opposite Varsity Arena, was opened as a company-owned and operated location. It was sold by Cara in early 2006 to One Bedford, a condo project.