Townline Centre Changes Ownership in Multi-Million Dollar Deal - Toronto Commercial Properties

Townline Centre Changes Ownership in Multi-Million Dollar Deal

Townline Centre Changes Ownership in Multi-Million Dollar Deal

Mar 28,2024 Leave a comment By The Lilly Commercial Team

Salthill Capital Sells Courtice Shopping Complex for $28.8 Million

Salthill Capital’s in-house property management and brokerage team arranged the sale of Townline Centre, an 87,346-square-foot, grocery-anchored retail strip centre located in the community of Courtice, near Oshawa, Ontario, as part of a year-end transaction.

The retail property was purchased by a private investor for $28.8 million or approximately $329 per square foot.

Major tenants include grocery store FreshCo, a Chuck’s Roadhouse restaurant, pet supply store Pet Valu, and medical services provider Lakeridge Health.

The property was one of four retail centres in the Durham Region just east of Toronto that Strathallen Capital acquired in 2021 for its Retail Property Fund LP No. 5. Strathallen has since rebranded its company as Salthill Capital.

Source CoStar. Click here to read a full story.

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