Skyline Commercial REIT Completes Sale of Two Ottawa Area Office Buildings - Skyline Wealth

Skyline Commercial REIT Completes Sale of Two Ottawa Area Office Buildings

[Guelph, ON – September 17, 2019]

In late August, Skyline Commercial REIT completed two disposition transactions of Ottawa, ON, area office buildings. The total disposition was for 50,817 square feet at a combined sale price of $8.7M.

 

Address Rentable Area (sq. ft.)
2525 St. Laurent Boulevard, Ottawa, ON 15,697
2781 Lancaster Road, Ottawa, ON 35,120

 

The capital from these sales will be re-deployed by the Skyline Commercial REIT toward other accretive acquisitions in established markets along major transportation arteries that meet the standards and growth potential of the Skyline Commercial REIT.

Post-acquisition, the Skyline Commercial REIT has 84 properties in 34 cities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.

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