Closing Date: November 2021
Addresses: Forest Glen Plaza: 700 Strasburg Road, Kitchener, Ontario
Laurentian Hills Centre: 700 & 720 Westmount Road East, Kitchener, Ontario
Site Size: Forest Glen Plaza: 18.7 Acres (814,572 SF)
Laurentian Hills Centre: 6.9 Acres (300,564 SF)
Total: 25.6 Acres (1,115,136 SF)
Year Built: Forest Glen Plaza: 1979 / 2006 (Renovated)
Laurentian Hills Centre: 1980, 1999
Highlights:
- Two prominent grocery and pharmacy-anchored retail centres situated within the city of Kitchener, Ontario with a strong weighted average lease term of over 5 years
- Strong occupancy of 91% and 97% of Forest Glen Plaza and Laurentian Hills Centre respectively, with in-place rents below market, providing future upside
- Leased to a diverse tenancy mix comprising of national and regional tenants including No Frills, Fresh Co, Shoppers Drug Mart, Dollarama, Tim Hortons and many more
Gallery
Contact for more info
Duncan MacLean
Duncan co-leads the CBRE National Investment Team in Calgary alongside his partner, Richie Bhamra.
Duncan MacLean
Richie Bhamra
Richie co-leads the CBRE National Investment Team in Calgary alongside his partner, Duncan MacLean.
Richie Bhamra
Geoff Mar
Geoff started his commercial real estate career in 1993. He’s a Senior Vice President with the CBRE National Investment Team in Calgary and has been a vital member since the Team’s inception.
Geoff Mar
Tyler Allen
Tyler is a Vice President with the CBRE National Investment Team in Calgary with over 13 years of commercial real estate experience.
Tyler Allen
525 8 Avenue SW, Suite 3200
Calgary, AB, Canada
T2P 1G1