[Guelph, Ontario – December 1, 2021
On December 1, 2021, Skyline Commercial REIT sold properties in Mississauga, Ontario, at 2410, 2460 & 2500-2510 Tedlo Street.
|Property Address||Property Type||SF|
|2410 Tedlo Street, Mississauga, Ontario||Flex/small bay multi-industrial||34,600|
|2460 Tedlo Street, Mississauga, Ontario||Single-tenant industrial||42,382|
|2500-2510 Tedlo Street, Mississauga, Ontario||Single-tenant industrial||50,172|
“Skyline Commercial REIT management identified 2410, 2460, and 2500-2510 Tedlo Street in Mississauga, Ontario as non-core assets appropriate for disposition,” said Michael Mackenzie, President, Skyline Commercial REIT.
“This sale aligns with the REIT’s strategy of modernizing its portfolio to be comprised of assets that serve the growing needs of the warehousing, distribution, and logistics sector. The capital from this sale will be directed toward new opportunities including funding for the REIT’s development pipeline, with the ultimate goal of creating further value for investors.”
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 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