Skyline Commercial REIT Completes Sale in Newmarket, ON
August 8, 2019 - Press Release
On July 15th, 2019, Skyline Commercial REIT completed a disposition transaction of one property in Newmarket, ON, to Mamba Gorham Inc. for $10.45M. The office building at 1091 Gorham Street consists of 59,147 square feet of office space with mixed retail tenants on the ground level.
The property had been acquired in November 2012 and was owned and managed by Skyline until the time of disposition.
The capital from the sale of 1091 Gorham Street will be re-deployed by Skyline Commercial REIT toward other accretive acquisitions in strong secondary and tertiary real estate markets that meet the standards and growth potential of Skyline Commercial REIT.
Post-acquisition, Skyline Commercial REIT has 86 properties in 36 cities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.
About Skyline Commercial REIT
Skyline Commercial REIT is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Commercial REIT is offered as an alternative investment product through Skyline Wealth, the exclusive Exempt Market Dealer (EMD) for the REIT.
Skyline Commercial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value and delivering stable returns to its investors.
To learn about additional alternative investment products offered through Skyline Wealth, please visit skylinewealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Jeff Stirling
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243