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