Bayfield Realty Advisors Inc

February 01, 2016 12:20 ET

Bayfield Realty Advisors Inc.: Press Release

TORONTO, ONTARIO--(Marketwired - Feb. 1, 2016) - Harold Spring, President and CEO of Bayfield Realty Advisors Inc. is pleased to announce the acquisition of a 100% interest in a 51,386 sf 8 property portfolio, comprised of 10 free-standing retail pads in Ontario and Québec for a total price of $15,230,000. The Portfolio is 100% leased and features a weighted average lease term ("WALT") of more than 5 years. 99% of the Portfolio is leased by national, publicly-traded covenant tenants (Shoppers Drug Mart, Tim Hortons, Harvey's, Pizza Hut, Scores, Madisons and Carquest). The Portfolio's tenancy profile comprises three strong retail sectors - food, automotive and pharmacy. COGIR will manage and lease the properties and Bayfield will act as asset manager.

Contact Information