First Capital Realty and ProMed Properties, a subsidiary of Gazit America, have partnered to acquire the Meadowlark Health and Shopping Centre in Edmonton. The joint venture paid around $84 million for the deal.
The property is presently 100% rented to a mix of medical office and tenants, including Canada Safeway and Shoppers Drug Mart, add Winnipeg Free Press. The transaction is expected to be completed in the third quarter of this year.
Click here for the release from Canada Newswire.