Business News • MarketWire • Partners Real Estate Investment Trust Completes Vancouver Island Property Acquisition |
Partners Real Estate Investment Trust Completes Vancouver Island Property Acquisition |
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Partners Real Estate Investment Trust Completes Vancouver Island Property Acquisition
VICTORIA, BRITISH COLUMBIA--(Marketwired - April 26, 2013) - Partners Real Estate Investment Trust (the "REIT") (TSX:PAR.UN) announced today that it has completed the previously-announced acquisition of the Mariner Square Shopping Centre, a 97.8% occupied six-building open-air retail centre aggregating approximately 101,000 square foot of Gross Leasable Area ("GLA"). Anchored by a Save-On Foods grocery store, London Drugs and a BC Liquor Store, as well as a Starbucks coffee shop and Subway restaurant, approximately 89% of the property's total in-place rental income is derived from necessity-based national, regional and government tenants. The centre is situated in downtown Campbell River on the east coast of Vancouver Island about 260 kilometers north of Victoria.
View More : http://www.marketwire.com/mw/release.do?id=1783594&sourceType=3
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