On Friday, June 30th, 2017, the Skyline Retail REIT purchased its first property in the city of Thunder Bay, ON. The property at 399 Main Street was purchased for $39.75M and comprises 7 buildings, with 168,087 square feet of retail commercial space located on 16.4 acres.
The property is adjacent to Intercity Shopping Centre, Thunder Bay’s dominant enclosed mall.
Anchor tenants include LCBO, Dollarama, Mark’s Work Wearhouse, Home Outfitters, and Michaels.
Post-acquisition, the Skyline Retail REIT comprises 65 properties in 43 communities across Ontario and Quebec, with more than 2.1M 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