Triumph Real Estate Investment Fund II acquired The Verve Retail Podium

23/03/21

Calgary, AB. –  Triumph Real Estate Investment Fund II (“Triumph”), is pleased to announce the acquisition of a retail/restaurant podium located in Calgary, Alberta.

The Property is comprised of 13,500 square feet and is located in Calgary’s rapidly growing and newly redeveloped East Village. The Property is multi-tenant building with a mix of retail, restaurant, coffee and medical users. Canadian Western Bank provided mortgage financing for the acquisition. At closing the property was 81% leased to mix of local, regional, and national tenants. Seller supplied a lease guarantee for the last remaining vacancy.

Source : Triumphref