True North Commercial is set to buy 5900 Explorer Drive, a 40k SF two-storey office building in Mississauga’s Airport Corporate Centre, for $10.5M. CEO Daniel Drimmer notes the acquisition dovetails with his firm’s core strategy of acquiring properties tenanted with government or credit-rated organizations. Built in 2000, 5900 Explorer is 100% occupied by a single tenant, The Beer Store. The deal is expected to close later this month, and brings the REIT’s portfolio to 26 commercial properties (1.5M SF) in secondary markets across Canada.
True North Commercial REIT Buys 5900 Explorer Drive
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5900 Explorer Drive
, Airport Corporate Centre
, Daniel Drimmer
, True North Commercial REIT
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