Skyline Retail REIT Acquires New Hanover and Timmins Properties; Enters New Community of Coniston!

Posted On August 19, 2014

893-895 10th Street, Hanover

 

 

 

 

 

 

893-895 10th Street, Hanover, ON

414 Algonquin Boulevard East, Timmins

 

 

 

 

 

 

 

 

414 Algonquin Boulevard East, Timmins, ON

24 Amanda Street, Coniston

 

 

 

 

 

 

 

 

24 Amanda Street, Coniston, ON

 

On Monday, August 18, 2014, the Skyline Retail REIT acquired a plaza at 893-895 10th Street in Hanover, ON - the REIT's second property in Hanover. The plaza had a purchase price of $9.5 million, and has over 25,000 square feet of commercial space, with the LCBO and Shoppers Drug Mart as tenants.

The following week, on Monday, August 25 2014, the Skyline Retail REIT acquired two properties: 414 Algonquin Boulevard East, in Timmins, ON, and 24 Amanda Street in Coniston (near Sudbury) ON. 24 Amanda Street is the Skyline Retail REIT's first property in the community of Coniston.

The two properties had a combined purchase price of $6.65 million, and collectively have nearly 44,000 square feet of commercial space.

The Skyline Retail REIT currently comprises 31 properties in 19 Ontario communities, with an aggregate purchase price of $223 million and over 945,000 square feet of commercial space.