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 email@example.com or 204-996-7004.