Bayfield Realty Advisors Inc.

October 17, 2013 11:11 ET

Bayfield Realty Advisors Announces Acquisition of Alberni Mall

TORONTO, ONTARIO--(Marketwired - Oct. 17, 2013) - Mr. Harold Spring, President and CEO of Bayfield Realty Advisors Inc. (Bayfield) today announced that it has completed the acquisition of a 155,442 sf single storey open format community shopping centre in Port Alberni, British Columbia for $22,800,000. The property, located within the Alberni-Clayoquot Regional District, is anchored by Canadian Tire/Mark's Work Wearhouse, Dollar Tree and Boston Pizza, and was newly redeveloped in 2012 to include Home Hardware, the Brick, Aaron's Furniture and Paws & Claws. The property is strategically located within the dominant retail node of Port Alberni, at the convergence of Highway 4 and Cherry Creek Road. Canreal Management Corporation will manage the shopping centre and Bayfield will act as asset and leasing manager.

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