Melcor REIT announces new leases comprising over 40,000 sf
04 Février 2022 - 5:48PM
Melcor Real Estate Investment Trust (“the REIT” - TSX: MR.UN) today
announced that it has entered into leases with two tenants for over
40,000 sf in two properties.
Andrew Melton, CEO of the REIT, commented: “Our practice is to
intentionally fill vacancies with strategic, diversified tenants
that are a good fit for the property, leading to long-term
tenancies and healthy retention. These two new tenants – Innovate
Edmonton and Habitat for Humanity’s ReStore – are no exception. I
am incredibly proud of our leasing team for their diligence in
seeking the right tenants for these locations.”
Innovate Edmonton’s first physical home will be 10107 Jasper
Avenue (formerly, the Royal Bank Building), taking up 18,000+ sf of
highly visible and accessible street-level space. Building
renovations and improvements, with a focus on energy-efficiency,
are underway and will be completed to welcome Innovate Edmonton in
the fall of 2022. Innovate Edmonton was formed in 2020 by
Edmonton’s City Council and includes the Startup Edmonton, Scaleup
Edmonton and Accelerate Edmonton programs.
“Sustainable development, accessibility, downtown revitalization
and innovation placemaking were all key considerations in selecting
this new space,” said Innovate Edmonton CEO Catherine Warren.
“Edmonton’s newest innovation destination aims to be an inclusive
and welcoming environment for innovators in every sector, at all
stages of growth, across every demographic and will reflect
Edmonton’s innovation success and diversity.”
Habitat for Humanity has selected Liberty Crossing in Red Deer
for their new 22,000+ sf central Alberta ReStore location and will
take occupancy this spring. The new space provides the extra room
necessary for ReStore to offer the best selection of new and gently
used donations.
Mr. Melton continued: “It takes longer to fill larger vacancies
in the current real estate environment. In both cases, our patience
has been rewarded with exceptional tenancies that position these
properties well for the future and will contribute to improved
performance of our assets in the years ahead.”
About Melcor REITMelcor REIT is an
unincorporated, open-ended real estate investment trust. Melcor
REIT owns, acquires, manages and leases quality retail, office and
industrial income-generating properties in western Canada. Its
portfolio is currently made up of interests in 39 properties
representing approximately 3.2 million square feet of gross
leasable area located across Alberta and in Regina, Saskatchewan
and Kelowna, British Columbia. For more information, please visit
www.melcorREIT.ca.
Contact Information:
Nicole Forsythe
Director, Corporate Communications
Tel: 780-945-4707
ir@melcorREIT.ca
Melcor Real Estate Inves... (TSX:MR.UN)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Melcor Real Estate Inves... (TSX:MR.UN)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024