Skyline Commercial REIT, a privately owned and managed portfolio of industrial properties across Canada, recently completed its fourth sizable transaction for 2022.
On January 31, 2022, the REIT sold a six-property portfolio in Cambridge, Ontario. The properties total 291,019 square feet of industrial space. The transaction was brokered by JLL.
|Property Address||Square Footage|
|15 Sheldon Drive, Cambridge, Ontario||31,139|
|101 Sheldon Drive, Cambridge, Ontario||78,785|
|131 Sheldon Drive, Cambridge, Ontario||58,014|
|1177 Franklin Boulevard, Cambridge, Ontario||50,456|
|1195 Franklin Boulevard, Cambridge, Ontario||33,583|
|1425 Bishop Street North, Cambridge, Ontario||39,042|
The total sale price for the properties was $58.2M. The portfolio was sold to KingSett Real Estate Growth LP No. 7.
“Skyline Commercial REIT management is pleased to announce this successful transaction with KingSett Capital,” said Michael Mackenzie, President, Skyline Commercial REIT.
“The REIT maintains a strong presence in the city of Cambridge with three properties totaling 223,583 square feet of industrial space.”