On October 4, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a property at 150 Churchill Boulevard and 31 Trunk Road, in the city of Sault Ste. Marie, ON.
The property comprises 147,406 square feet of retail space and was purchased for $15.55M. The anchor tenant for the property is Metro grocery. Other notable tenants include Dollarama, Partsource, The Beer Store, and CIBC.
Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.