Partners REIT Sells BC Strip Mall To Choice Properties REIT
Partners REIT has sold Washington Park retail centre in Courtenay, BC, to Choice Properties REIT for $12.8M. The strip mall includes two buildings (32k SF) and is shadow-anchored by a Real Canadian Superstore on a Choice-owned site; Choice also owns adjacent development land. Partners has a portfolio of 35 retail and mixed-use shopping centres (2.5M SF). Choice’s holdings include 535 properties (43.3M SF GLA) primarily supermarket- and drugstore-anchored shopping centres and stand-alone properties. Its primary unitholder is Loblaw Cos, Canada's largest retailer.