Thursday October 30, 2014

QUESTION OF THE WEEK

  • Should security be tightened at Parliament Hill and other government buildings in the wake of the shootings in Ottawa?
  • Yes
  • 79%
  • No
  • 21%




Estevan Shoppers Mall sold

Comments

The Estevan Shoppers Mall has been sold in a $10.1 million deal.

Artis REIT (real estate investment trust) announced the acquisition of the commercial property in a press release in mid-May. According to Artis, the deal closed on May 1. 

"The property is immediately adjacent to the Estevan Sobey's, purchased by Artis in 2008, and completes Artis' ownership of the entire retail centre," Artis said in the press release.

The Estevan Shoppers Mall is a 129,732 square foot property that, according to Artis, is 96.2 per cent occupied, and leased to several national retailers.

The deal also includes the Tim Hortons restaurant that is detached from the mall, and operating on the mall's northeast parking lot, and six acres of excess land for potential future development.

Artis is a Canadian real estate investment trust that invests in office, industrial and retail properties. It has placed on emphasis on acquiring properties in western Canada. About 5.6 per cent of their properties are in Saskatchewan.

They also have properties in B.C., Alberta, Manitoba and the U.S. Artis announced the acquisition of office towers in Minneapolis and Denver at the same time as Estevan's mall.

Commerce Capital out of Winnipeg was the mall's previous owner.

 


Comments

Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Estevan Lifestyles welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus



About Us | Advertise | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?