Evton Capital Partners

Evton Capital Partners

January 11, 2011 07:00 ET

Evton Completes Purchase of Retail Plaza in Bracebridge

Acquisition Continues Strengthening of Evton Real Estate Fund LP

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2011) - Evton Capital Partners, managers of Evton Real Estate Fund LP, today announced it has completed the acquisition of Bracebridge Square at 295 Wellington Street in Bracebridge, Ontario, in the heart of the Muskoka Tourist Region.

The 39,425-square-foot retail strip centre is located in Bracebridge's primary commercial node, attracting strong local and tourist traffic because of its mix of service, convenience and food tenants. "We are excited about the prospects for Bracebridge Square," said Bill Evans, a Partner and co-founder of Evton Capital Partners. "The acquisition provides diversity and opportunity for growth within the Evton Real Estate Fund LP, continuing to strengthen our belief in the Fund's long-term success."

Bracebridge Square is a well known centre that attracts both local and tourist traffic. Its mix of tenants includes retail stores, food outlets, and a variety of services. Bracebridge Square occupies more than 4 acres, and approximately 56% of total minimum rent is received from national and regional tenants including Bell World, Cooperators, H&R Block, Mac's Convenience, M&M Meats, Subway, Telus, and Tim Hortons. The centre is located in the town's primary commercial node that is home to anchor tenants including Loblaws, "Your Independent Grocer," Canadian Tire, Metro and Zellers – retailers that attract more traffic to the area.

About Evton Capital Partners

Evton Capital Partners is a commercial real estate investment and property management firm based in Toronto. Since its inception in 1995, the company has completed 31 acquisitions representing approximately $138 million in invested capital in Ontario and Alberta, with a gross internal rate of return of 25% on realized and unrealized investments. Evton is focused on acquiring private Canadian real estate investment opportunities for high-net-worth investors.

For more information please visit www.evton.com.

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