Business News • MarketWire • Fronsac Announces the Acquisition of Two Properties |
Fronsac Announces the Acquisition of Two Properties |
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Fronsac Announces the Acquisition of Two Properties
MONTREAL, QUEBEC--(Marketwired - July 20, 2017) - Fronsac Real Estate Investment Trust ("Fronsac REIT" or "Fronsac") (TSX VENTURE:GAZ.UN) is pleased to announce the acquisition of two (2) real estate investment properties located in St-Eustache, Quebec. Both properties are strategically located on heavily trafficked arteries and are operated as service stations under the Petro-Canada and Esso banners. Total consideration paid for these properties was $3,525,000 and was settled in cash. The properties were purchased from a third party with no previous ties to Fronsac.
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