Skyline Retail REIT Acquires Five Properties; Enters Three New Communities!

Posted On August 8, 2014

On August 1st, 2014, the Skyline Retail REIT purchased a portfolio of five retail properties across Ontario.

1199 Goderich Street

 

 

 

 

 

 

1199 Goderich Street, Port Elgin, ON

84 Wellington Street South

 

 

 

 

 

 

 

84 Wellington Street South, St. Mary's, ON

95, 97, 109, 117 and 129 Young Street

 

 

 

 

 

 

 

95, 97, 109, 117 & 129 Young Street, Alliston, ON

215 Centennial Road

 

 

 

 

 

 

 

 

Westside Market Village (at Riddell and Centennial Road), Orangeville, ON

200 Centennial Road

 

 

 

 

 

 

 

Westside Business Centre (at Riddell and Centennial Road), Orangeville, ON

 

These properties added a variety of new national brand name tenants to the REIT, including Dairy Queen, Harveys and Starbucks. The REIT also entered three new communities: Port Elgin, St. Mary's, and Alliston.

The total purchase price of the portfolio was $64.25 million, and the portfolio added an additional 271,851 square feet of commercial space to the Retail REIT.

The Skyline Retail REIT currently comprises 28 properties in 18 Ontario communities, with 876,013 square feet of commercial space.