Strathallen Capital Corp. announces the acquisition of Pembroke Mall on behalf of Strathallen’s fourth closed-end retail value-add fund, Strathallen Retail Property Fund 4 (SRPF4), as of April 2016.
Pembroke Mall is a 220,588 SF food and drug anchored enclosed shopping centre, with major tenants including Food Basics (Metro), Mark’s Work Wearhouse (CT), Staples, Pharma Plus (Rexall), and Dollarama. As well as, shadow anchors Walmart and Canadian Tire.
Located approximately 1.5 hours northwest of Ottawa, the property represents one of the largest and most dominant shopping centres in the Ottawa Valley. Pembroke Mall serves an expansive trade area, with very strong performing anchor tenants and tremendous upside potential.
The acquisition marks the first asset being purchased on behalf of SRPF4.
Strathallen Capital Corp. will act as Asset Manager and Strathallen Property Management Inc. will provide property management services. Petr Kafka is the Senior Director of Leasing responsible for the project and can be reached at (416) 642.6032 or firstname.lastname@example.org