On July 7, 2023, Skyline Retail REIT sold a retail property at 9-11 Industrial Drive, Grimsby Ontario.
The property totals 25,167 square feet and is currently occupied by leading Canadian health club brand, Goodlife Fitness.
“Skyline Retail REIT continues to primarily focus on core grocery and pharmacy-anchored assets and identified this non-core, single-tenant property as appropriate for a strategic disposition capable of surfacing value for our investors. Congratulations to the buyer and our sincere thanks to all parties involved in this successful transaction,” said Craig Leslie, Vice President, Skyline Retail REIT.”
Post-disposition, the REIT comprises 118 properties in 70 communities in 5 provinces across Canada, with a total of 5,462,874 square feet of retail space.
About Skyline Industrial REIT
Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Industrial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2012).
Skyline Industrial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Industrial REIT, please visit SkylineIndustrialREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Industrial REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Bethany CurtisManager, Content Marketing and Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231