LS Properties is proud to announce the successful acquisition of Pembina Crossings, a prime grocery-anchored mixed-use development located at 1910 Pembina Highway in Winnipeg, Manitoba. The property is prominently located at the lighted intersection of Winnipeg’s busiest North/South and East/West thoroughfares, within two kilometers of the University of Manitoba’s 35,000 students plus staff members, surrounded by several strong and growing residential communities, and adjacent to the Southwest Rapid Transitway.
Pembina Crossings boasts a diverse tenant mix, including national and local retailers, government agencies, financial service providers, medical facilities, and restaurants. The property boasts a weighted average lease term of 11.40 years. LS Properties would like to extend a warm welcome to our tenants; ACCESS Fort Gary (WRHA), Toys “R” Us, Save on Foods, Shapes Co-ed Ltd., Staples, Best Buy Canada, Westoba Credit Union, Petland, Dollarama, DQ Grill & Chill, Dr. Mariam Nesseim (Dental Corp), Astro Medical, The Grill East Indian Cuisine and Bar, Westland Insurance, Crest Eyecare, Modern Man Barber Shop, Subway, Pizza Hut, and CIBC.
https://renx.ca/shindico-sells-fully-leased-winnipeg-development
LS Properties is pleased to announce its acquisition of the recently completed pad site at3014 Meadows Parkway in Saskatoon.
The four-unit, 5,179-square-foot building is leased by KFC, Noodle Box, and Busters Pizza with a weighted term to maturity of over ten years. LS Properties is proud to welcome its new tenants, who join other major tenants such as Marshalls, PetSmart, Dollar Tree, Co-op Liquor, Visions, Sephora, Scotiabank, McDonald’s, and Tim Hortons, to its prime retail power center, Meadows Market, which is shadow anchored by Saskatoon’s second Costco Wholesale location, which opened in 2016.
LS Properties is an integrated real estate group focused on acquiring high-quality industrial and service retail properties in its target markets. With an exceptional portfolio mix of national and regional tenants and active asset management, LS Properties is committed to generating attractive financial returns and cash flows and continuously creating long-term value for its investors.
We are pleased to announce that Nate Anderson will be joining LS Properties as the Director of Financial Reporting and Investor Relations
He is a Chartered Professional Accountant who gained experience in KPMG’s Audit Practice before transitioning to Deloitte’s Financial Advisory group. Most recently, Nate was the Controller of a privately held manufacturing company.
At LS Properties, Nate will be responsible for investor reporting, investor communications and development, and assisting with strategic planning.
Nate can be reached at nate@lsproperties.ca, 204-560-7687 (direct line), or 204-230-1928 (cell).
LS Properties is proud to announce the sale of 1110 Pettigrew in Regina, Saskatchewan to an owner user.
LS Properties is proud to announce the sale-leaseback acquisition of 3703 Arthur Rose Avenue in Saskatoon, SK. The 25, 400 sf new construction class A industrial asset is occupied by TimberStone Distribution, who has handpicked this prominent intersection to build an impressive showroom.
LS Properties is proud to announce the acquisition of Capital Oilfield Equipment building, a 47, 491 sf class A industrial asset located in Edmonton, AB. The asset is exceptionally built using structural steel and boasts a 35′ foot ceiling, metal frames and a fully fenced yard. Construction was completed in December 2018. The property is fully occupied by two great tenants, Capital Oilfield and Dynaleo on long-term leases.
LS Properties is proud to announce the acquisition of 126 Husum Road, a single tenant industrial building located in Parker Industrial Park in Regina, SK. The asset was purposely built for Badger Daylighting who has been occupying it since 2016. Badger Daylighting Ltd. is a public traded Canadian environmental services company, specializing in soil excavation and headquartered in Calgary, Alberta. Badger is the industry leader in non-destructive hydro-excavation services.
LS Properties is proud to announce the acquisition of Acheson Southview a 45,048 sf multi-tenant industrial asset located in Parkland County Acheson, AB. Acheson is the most active industrial submarket of Edmonton, located within 10 minutes west of the City of Edmonton and is the new home to large industrial tenants such as Amazon (2.9M Sq. Ft.), Fountain Tire DC (181,500 Sq. Ft.), Champion Pet Foods (421,000 Sq. Ft. on 80 acres), Save on Foods (537,000 Sq. Ft.) and Sysco Distribution Facility (500,000 Sq. Ft.).
“We are pleased to acquire a new generation class A industrial property at an extremely attractive purchase price/cap rate in today’s ultra-competitive market.” – John Stroich
We are very pleased to announce that LS properties has purchased a Costco anchored retail power centre located in Rosewood, one of Saskatoon’s fastest-growing affluent neighbourhoods. Once completed, the Meadows Market will have approximately 161,350 square feet of prime retail on a 14.05-acre site. It is part of a master-planned, award-winning community, The Meadows. Meadows Market has an extremely strong mix of national tenants including Scotiabank, PetSmart, Marshalls, Tim Hortons, Vision Electronics, McDonald’s and Co-Op Liquor. Despite the Covid-19 induced market shock, activity was kept strong and a large number of local tenants have joined the project including Pitchfork Market, Haines Mile Pub, Dutch love, Bolt mobile, Tandoori Xpress, Knight Archer and Arbutus. The resilience in leasing during a difficult economic period serves to display the strength of the development. A third wave of tenants are scheduled to enter the site in 2022, including Subway and KFC.
We are pleased to announce that LS properties has purchased a 55,000 square feet industrial building at Thatcher Avenue in Saskatoon. The building is located at the Agriplace submarket which is approximately 6 KM north of the Saskatoon International Airport. The asset has been occupied by BASF Agricultural since 1988. BASF Agricultural Solutions has partnered with Canadian farmers for over 60 years, and is a market leader in the development, formulation and distribution of agricultural solutions from seed to harvest.
We are pleased to announce that LS properties has entered into a conditional contract and has started due diligence to acquire a national pharmacy anchored Plaza in Edmonton, AB. Refinery Row Shopping Centre is located on a high traffic retail node, right at the intersection of 50 Street and 101 Avenue.
The centre is 100% leased to a strong mix of national and local tenants including Rexall Pharmacy, KFC, A&W, Taco Bell, and medical services such as Medicentre, Dental Clinic, CBI Health Centre and Insight Medical Imaging. With strong daily-needs tenancies and medical concentration, Refinery Row SC has performed incredibly well throughout the Covid-19 pandemic and this trend is set to continue with the properties long weight average lease term of 5.3 years and its contractual rental increases.
LS Properties is excited to announce our recent purchase of this property as a part of the LS Properties Opportunity Fund #2. The 3.04 Acre property is located in Winnipeg’s St. Boniface Industrial Park. Improvements have been made to the property and it includes 49,840sf in two buildings of light industrial space with 18’ clear ceilings and excellent loading. These multi-tenant industrial buildings add to our portfolio of strong industrial properties of this nature in Winnipeg.
We are pleased to announce that Fabricio Mendes will be joining LS Properties as Senior Vice President Asset Management and Investor Relations.
Fabricio comes to LS Properties with over 14 years experience in the commercial real estate industry. As the Vice President – Investments & Developments at Artis REIT, he was responsible for providing financial analysis and recommendations in the REIT’s acquisitions, dispositions and developments as well as providing key coordination support through the due dilligence process. During his time at Artis he has worked on more than $5B of real estate transactions in multiple markets across Canada and the United States.
At LS Properties, Fabricio will be involved in all aspects of asset management including acquisitions, strategic leasing, financing and investor communications and development.
Fabricio can be reached at fabricio@lsproperties.ca or 204-996-7004.