[Guelph, ON – June 7, 2021]
On June 7, 2021, Skyline Commercial REIT purchased a property at 417 Advance Boulevard in Tecumseh, ON.
The property is an industrial warehouse with 97,312 square feet of commercial space on 6.55 acres. It is currently tenanted by Ground Effects Inc.
The purchase price for the property was $8.68M.
“This acquisition fits well with our fund’s continuing strategy to acquire properties that meet the growing needs of the warehousing and logistics sector,” said Michael Mackenzie, President, Skyline Commercial REIT.
“The property is well-located within minutes of HWY 401 and offers strong fundamentals in terms of superior clear heights and loading ratios. Skyline Commercial REIT will continue to grow its portfolio with the acquisition and development of these types of warehousing, logistics, and distribution properties in strategic locations across Canada.”
Although 417 Advance Boulevard is Skyline Commercial REIT’s first purchase in Tecumseh, the REIT owns an additional four properties (totaling 369,866 square feet) in Windsor.
Tecumseh is a town in which Skyline is already well-established, with four multi-residential properties (totaling 299 suites, with an additional 142 suites under development) owned by Skyline Apartment REIT.
Post-acquisition, Skyline Commercial REIT comprises 87 properties in 34 communities in five provinces across Canada, with a total of 7,674,853 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:
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8