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.