[Guelph, Ontario – January 31, 2022]
Skyline Commercial REIT, a privately owned and managed portfolio of industrial properties across Canada, recently completed its fourth sizable transaction for 2022.
On January 31, 2022, the REIT sold a six-property portfolio in Cambridge, Ontario. The properties total 291,019 square feet of industrial space. The transaction was brokered by JLL.
|Property Address||Square Footage|
|15 Sheldon Drive, Cambridge, Ontario||31,139|
|101 Sheldon Drive, Cambridge, Ontario||78,785|
|131 Sheldon Drive, Cambridge, Ontario||58,014|
|1177 Franklin Boulevard, Cambridge, Ontario||50,456|
|1195 Franklin Boulevard, Cambridge, Ontario||33,583|
|1425 Bishop Street North, Cambridge, Ontario||39,042|
The total sale price for the properties was $58.2M. The portfolio was sold to KingSett Real Estate Growth LP No. 7.
“Skyline Commercial REIT management is pleased to announce this successful transaction with KingSett Capital,” said Michael Mackenzie, President, Skyline Commercial REIT.
“The REIT maintains a strong presence in the city of Cambridge with three properties totaling 223,583 square feet of industrial 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 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