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.

Laetitia Pacaud has been appointed to the position of President, Strathallen Capital Corp. This is an exciting event for both Laetitia and Strathallen as it reflects the Company’s desire to move forward on a solid footing in the hands of capable and motivated executives.

On behalf of its Investor Clients, Strathallen has successfully completed the profitable disposition of an open air retail centre on Wellington Street in Bracebridge, Ontario.  During its four years of ownership Strathallen successfully increased the property income by renewing existing tenants at higher lease rates and leasing vacancy to national tenants new to the centre.

This is the third disposition for Strathallen Retail Property Fund LP No. 1.

On behalf of Investor Clients, Strathallen has purchased 215 Chain Lake Drive located in Halifax, Nova Scotia.  The Property is a 72,000 square foot retail centre and is anchored by Staples and Sport Chek.  Other tenants include Tim Hortons and A&W on outlaying pads.