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Strathallen Completes three Retail Acquisitions in Winnipeg, Manitoba
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Purchase Activity Update
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Thursday, 21 February 2013 |
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Strathallen has recently purchased three shopping centres on behalf of its Investor Clients – Madison Square, St. James West Plaza, and Rougeau Plaza in Winnipeg, Manitoba. The portfolio consists of three properties totaling approximately 218,000 SF.
Madison Square is a 156,000 SF grocery anchored centre with about 48,000 SF of offices. Located at 1596-1630 Ness Avenue, Madison Square is in Winnipeg’s largest retail node, known as the Polo Park area. The anchor tenant is Safeway, with a 50,000 SF grocery store and gas bar on the site. Other tenants include MLCC Liquor Store, Moores, Subway, and Pet Valu. There are also two office buildings of three floors each with some retail on the ground floor. The center is 91% occupied and is well leased to a number of national retailers and strong local tenants. For more information please visit the Madison Square property details page.
St. James West Plaza totals 11,000 SF and is adjacent to Madison Square. The property consists of three buildings which are tenanted by Tony Roma’s Restaurant, Wendy’s Restaurant, and Mr.Lube. The properties are located at 640-656 St. James Street, a major North - South artery throughout the Polo Park retail node, directly across from Polo Park Mall. The centre is 100% leased to the above noted pad tenants. For more information visit the St. James West Plaza property details page.
Rougeau Plaza is a 51,000 SF fashion anchored strip centre. It is located at 1500-1522 Regent Avenue at the intersection of Rougeau Avenue. Regent Avenue is a strong East/West artery central to the “Kildonan” retail node. The Property is anchored by Winners, which occupies a stand alone 26,000 SF building. Other tenants include Bulk Barn, Subway, Easyhome, Sally Beauty, and other retail and service uses. The center is 100% leased to a combination of national and local tenants. For more information please visit the Rougeau Plaza property details page.
These investments represent the 5th, 6th, and 7th acquisitions for Strathallen Retail Property Fund No.3. |
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Strathallen Completes Disposition of Retail Property in Dartmouth, Nova Scotia
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Disposition Activity Update
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Tuesday, 14 August 2012 |
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On behalf of its Investor Clients Strathallen is pleased to announce the disposition of a retail property on Cole Harbour Road in Dartmouth, Nova Scotia. At time of sale, the Property was 100% occupied.
During the term of management, Strathallen successfully converted the Zellers to a new Walmart store in addition to extending the Atlantic Superstore and Pharmasave leases. |
Strathallen Capital Appoints VP of Property Management: Danielle Lavoie
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Corporate Activity Update
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Monday, 23 July 2012 |
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Strathallen Property Management Inc. is pleased to welcome Danielle Lavoie as Vice President, Property Management.
Danielle brings to the company over 20 years of experience in the real estate industry, having worked with major real estate owners, managers and developers.
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Walmart to open at Les Jardins Dorval
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Key Leasing Activity Update
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Tuesday, 25 October 2011 |
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Strathallen is pleased to announce that Walmart has assumed the Zellers lease at Les Jardins Dorval, located in Dorval, Quebec. Zellers will be closing in early 2012, when Walmart will take over the space and remodel the store. Strathallen is planning renovations to the property to be completed in conjunction with Walmart’s opening.
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Strathallen Completes Retail Acquisition in Port Alberni, Vancouver Island
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Purchase Activity Update
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Thursday, 21 February 2013 |
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On behalf of its Investor Clients Strathallen has successfully closed the acquisition of Pacific Rim Shopping Centre in Port Alberni on Vancouver Island. The property is an 80,394 SF convenience strip centre on 7.93 acres. The property is located at 3555 Johnston Road situated on the Alberni Hwy which is the main East/West commercial node. Notable tenants include Staples, Dollarama, CIBC, The Source, Lordco Parts Ltd., Starbucks, and Canada Post. The Property has a prominent position in the marketplace and is shadow anchored by a No Frills grocery store and a Walmart. The centre is 95% leased to a combination of local and national tenants. For more information please visit the Pacific Rim Shopoing Centre property details page.
This investment represents the 8th acquisition for Strathallen Retail Property Fund No.3. |
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