Skyline Industrial REIT buys new Montreal-East development

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Guelph, Ontario, Canada, Sept. 21, 2022 (GLOBE NEWSWIRE) — On September 20, 2022, Skyline Industrial REIT(1) purchased out its development companions Rosefellow, F.I.T. Ventures, and Wellmount in a newly developed property at 8300 Place Marien & 11235 Metropolitain Boulevard East, Montreal-East, Quebec. 

This state-of-the-art property is a two-building advanced (one single-tenant constructing and one multi-tenant constructing) housing a complete of 4 tenants. The property affords a complete of 259,198 sq. ft of business area on 11.71 acres.  

This development was a three way partnership mission accomplished by RF Industrial East Limited Partnership. The partnership consists of Skyline Industrial REIT, Rosefellow, F.I.T. Ventures, and Wellmount.  

The development was accomplished in July 2022 and is 100% occupied on long-term leases to Balcan Innovations Inc., J-F Breault Transport Inc., Messer Canada Inc., and Loyal Express.  

As of September 20, 2022, Skyline Industrial REIT has acquired all companion pursuits and assumed possession of the property. 

This property is Skyline Industrial REIT’s second asset in Montreal-East.  

“Skyline Industrial REIT is proud to announce the completion and acquisition of another development project in the greater Montreal area,” stated Mike Bonneveld, President, Skyline Industrial REIT. 

“We believe that the partnership among Rosefellow, Skyline Industrial REIT, and F.I.T. Ventures will continue to deliver state-of the-art facilities that meet the growing demand for purpose-built warehousing and logistics space.” 

Post-acquisition, Skyline Industrial REIT includes 58 properties in 33 communities in 5 provinces throughout Canada, with a complete of 9,013,197 sq. ft of business area. 

(1) Skyline Industrial REIT was beforehand Skyline Commercial REIT. As a results of the REIT’s rising give attention to trendy warehousing and logistics property, the REIT up to date its title to higher mirror its portfolio composition and goal sector, efficient June 14, 2022). 

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About Skyline Industrial REIT 

Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of business properties, centered on buying warehousing, distribution, and logistics-centred properties alongside main freeway corridors and transportation routes in Canada. 

Skyline Industrial REIT is distributed as a substitute funding product by Skyline Wealth Management Inc. (“Skyline Wealth”), the popular Exempt Market Dealer for the REIT. 

Skyline Industrial REIT is dedicated to offering excellent locations to do business and superior service to its tenants, whereas surfacing worth with a aim to ship secure returns to its traders. 

To study extra about Skyline Industrial REIT, please go to SkylineIndustrialREIT.ca. 

To study further various funding merchandise provided by Skyline Wealth, please go to SkylineWealth.ca. 

Skyline Industrial REIT is operated and managed by Skyline Group Of Companies. 

  • 8300 Place Marien, Montreal East, Quebec

        



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