Skyline Commercial REIT Sells Mississauga, Ontario Properties

Skyline Commercial REIT Sells Mississauga, Ontario Properties

On December 1, 2021, Skyline Commercial REIT sold properties in Mississauga, Ontario, at 2410, 2460 & 2500-2510 Tedlo Street.

Property Address Property Type SF
2410 Tedlo Street, Mississauga, Ontario Flex/small bay multi-industrial 34,600
2460 Tedlo Street, Mississauga, Ontario Single-tenant industrial 42,382
2500-2510 Tedlo Street, Mississauga, Ontario Single-tenant industrial 50,172
127,154

“Skyline Commercial REIT management identified 2410, 2460, and 2500-2510 Tedlo Street in Mississauga, Ontario as non-core assets appropriate for disposition,” said Michael Mackenzie, President, Skyline Commercial REIT.

“This sale aligns with the REIT’s strategy of modernizing its portfolio to be comprised of assets that serve the growing needs of the warehousing, distribution, and logistics sector. The capital from this sale will be directed toward new opportunities including funding for the REIT’s development pipeline, with the ultimate goal of creating further value for investors.”