[Guelph, Ontario – December 15, 2022]
On December 15, 2022, Skyline Retail REIT purchased a retail plaza property at 5035-5055 Innovation Drive in Ottawa, Ontario. The property totals 15,375 square feet and is 100% occupied. It comprises 8 tenants, including Starbucks and St. Louis Bar & Grill.
“We are pleased to announce the acquisition of this recently-built retail plaza in Ottawa, Ontario, anchored by national name-brand tenants,” said Gordon Driedger, President, Skyline Retail REIT.
“5035-5055 Innovation Drive is situated in a prime location that offers convenience for the surrounding community through its strong tenant mix, with categories ranging from quick-service food offerings to animal and health services. This asset is well-aligned with the REIT’s established portfolio of essentials-based retail properties.”
Innovation Station is in the north end of Kanata with easy access to major transportation routes, including Terry Fox Drive and the Queensway/Highway 417. Post-acquisition, Skyline Retail REIT comprises 118 properties in 71 communities in 5 provinces across Canada, with a total of 5,454,050 square feet of retail space.
About Skyline Retail REIT
Skyline Retail REIT (the “REIT”) is a privately owned and managed portfolio of retail properties, focused on acquiring well-located properties with service-oriented, national brand tenants in secondary and tertiary communities across Canada.
Skyline Retail REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT.
Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritises superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.
To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Retail REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8