Skyline Commercial REIT Sells Cambridge, Ontario Portfolio

January 31, 2022 - Press Release

[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
291,019

 

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 Commercial REIT

Skyline Commercial REIT (the “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 distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.

Skyline Commercial 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 Commercial REIT, please visit SkylineCommercialREIT.ca.

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
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243

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Disclaimer

The information provided on this website is for general information purposes only and is derived from sources that Skyline Commercial REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.