August 25, 2011 – Abacus Real Estate Investments sells 700-720 Westmount Road East in Kitchener for $12.5M to a leading pension fund manager. 700-720 Westmount is a 80, 203 square foot grocery anchored retail property. The property is anchored by a Freshco grocery store and has such other notable tenants as Dollarama, Tim Horton’s, Pet Valu and Dairy Queen. Abacus acquired the property as part of a portfolio purchase in November 2006.
About Abacus Real Estate Investments:
Abacus Real Estate Investments Ltd. specializes in acquiring properties of all asset types. Through management and repositioning initiatives, we offer our principals and partners attractive returns. Our primary goal is to create a diversified portfolio of income producing real estate properties across Canada. The assets in our portfolio currently include industrial, retail and office properties. Target acquisitions include assets with historically strong and stable cash flows or unique value-creation opportunities. Our team consists of leading professionals with a winning combination of industry experience, complementary skills and unflagging determination.
For further information please visit our website at AbacusPE.com or contact:
T: (416) 214-3336