[Guelph, Ontario – August 18, 2022]
On August 18, 2022, Skyline Industrial REIT sold a single-tenant office building located at 3600-3610 Rhodes Drive, Windsor, Ontario. The building totals 56,995 square feet of commercial space on 4.68 acres.
“Skyline Industrial REIT continues to successfully complete its non-core disposition program,” said Mike Bonneveld, President, Skyline Industrial REIT.
“The sale of 3600 Rhodes Drive in Windsor, one of only two remaining office properties in the portfolio, furthers the REIT’s focus on modern industrial and warehousing assets. The capital from this sale will be redeployed back into enhancing and elevating the portfolio further by acquiring and developing more modern industrial facilities. We believe this strategy will be incremental to unit value and in turn, add value to tenants and investors.”
Post-disposition, Skyline Industrial REIT comprises 53 properties in 32 communities in 5 provinces across Canada, with a total of 6,606,304 square feet of commercial space.
1Skyline Industrial REIT was previously Skyline Commercial REIT. As a result of the REIT’s increasing focus on modern warehousing and logistics assets, the REIT updated its name to better reflect its portfolio composition and target sector, effective June 14, 2022).
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