Strathallen Completes Retail Acquisition in Brockville, Ontario |
| Purchase Activity Update |
| Thursday, 23 September 2010 |
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On behalf of Investor Clients and in conjunction with joint venture partner Kimco Realty, Strathallen has purchased 1000 Islands Mall in Brockville, Ontario. The Property is an enclosed community mall with a total GLA of 275,477 sf. Anchor tenants include Shoppers Drug Mart, Sears and Galaxy Cinemas. Strathallen will embark on a program of capital improvements tied in with a proactive leasing program to build traffic and fill vacant space at the property. Additionally, the Asset Manager aims to enhance the Property’s profile locally and its connection to the community. This investment represents the twelfth acquisition for Strathallen Retail Property Fund LP No. 2. |
