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|
“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.”