On September 28, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a 5-property portfolio of assets located in the city of London, ON.
|Property Address||Notable Tenant Service Types||Total Square Footage||Purchase Price|
|1, 7, 11 Baseline Road East, London, ON||Grocery; Dollar Store; Bank||60,744||$14.2M|
|1201 Oxford Street West, London, ON||Pharmacy; Bank||34,066||$13.75M|
|387-401 Wellington Road, London, ON||Grocery; Dollar Store; Restaurant||139,600||$33.55M|
|509 Commissioners Road West, London, ON||Grocery; Pet Store; Restaurant||94,140||$24.3M|
|1030 Adelaide Street North, London, ON||Grocery; Bank; Restaurant||80,938||$14.8M|
Together, the portfolio comprises 409,488 square feet of retail space. The total purchase price was $100.6M.
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.
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