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Skyline Commercial REIT Completes Sale of Two Ottawa Area Office Buildings

Posted On September 17, 2019

In late August, Skyline Commercial REIT completed two disposition transactions of Ottawa, ON, area office buildings. The total disposition was for 50,817 square feet at a combined sale price of $8.7M.

Address

Rentable Area (sq. ft.)

2525 St. Laurent Boulevard, Ottawa, ON

15,697

2781 Lancaster Road, Ottawa, ON

35,120

The capital from these sales will be re-deployed by the Skyline Commercial REIT toward other accretive acquisitions in established markets along major transportation arteries that meet the standards and growth potential of the Skyline Commercial REIT.

Post-acquisition, the Skyline Commercial REIT has 84 properties in 34 communities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.

 

 

About the Skyline Commercial REIT

Skyline Commercial REIT is one of five private investment products under the Skyline Group of Companies, a national real estate investment, and property management organization. Skyline Commercial REIT is committed to providing the best in class commercial spaces to its tenants with the focus on delivering stable returns to its investors.

The Skyline Group of Companies currently manages approximately $4.5 billion in assets and provide over 2,600 investor households with exceptional investment opportunities in these privately-held products.

To learn more about the Skyline Group of Companies and Skyline Commercial REIT, please visit https://SkylineCommercial.ca.

 

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 x 243


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