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
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