On February 20, 2019, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of two properties in the town of Gravenhurst, ON, with a total purchase price of $30M. The portfolio was acquired from RioCan Real Estate Investment Trust.
The two properties are located at 351-431 Talisman Drive, and 155 & 225 Edward Street in Gravenhurst. Together, the properties comprise 149,548 square feet of retail space. Notable anchor tenants include Canadian Tire, Sobeys, LCBO, and Dollarama.
The two-property portfolio is the Skyline Retail REIT’s first purchase in the town of Gravenhurst.
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.