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HREIL sells 26 building portfolio

Hillcore Real Estate Investments sells a 26 building portfolio of retail properties for $32.25M to a venture exchange traded REIT. The Centre Ice Retail Portfolio sale comprised 26 single-tenant and multi-tenant retail properties located across Canada. The 230,000 square foot portfolio had properties that ranged from 3600 square feet to 38,000 square feet and whose major Tenant was Dulux Paints. Other national tenants include Dairy Queen, Mr. Sub, Government of Canada, CitiFinancial, and Lumber Liquidators. Abacus acquired the properties as part of a portfolio purchase in December 2005.

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