Skyline Commercial REIT Completes Sale of Two Ottawa Area Office Buildings

In late August, Skyline Commercial REIT completed two disposition transactions of Ottawa, ON, area office buildings. The total disposition was for 50,817 square feet at a combined sale price of $8.7M.

Address Rentable Area (sq. ft.)
2525 St. Laurent Boulevard, Ottawa, ON – Sold Aug 21st, 2019 15,697
2781 Lancaster Road, Ottawa, ON – Sold Aug 27th, 2019 35,120

The capital from these sales will be re-deployed by Skyline Commercial REIT toward other accretive acquisitions in established markets along major transportation arteries that meet the standards and growth potential of Skyline Commercial REIT.

Post-acquisition, Skyline Commercial REIT has 84 properties in 34 communities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.

About Skyline Industrial REIT

Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing, distribution, and logistics-centred properties along major highway corridors and transportation routes in Canada.

Skyline Industrial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT.

Skyline Industrial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Industrial REIT, please visit SkylineIndustrialREIT.ca.

To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Industrial 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