- What Private investor sold Brockville Crossroads Centre
- Why Fully leased property was bought for $16.1m
- What next Lennard Commercial Realty had the assignment
A service-oriented retail centre in Eastern Ontario has traded for $16.1m, Green Street News can reveal.
A Toronto-based private investor sold Brockville Crossroads Centre, in Brockville, to an unidentified buyer earlier this month. Yash Kumar and Sasha Ischenko from Lennard Commercial Realty had the assignment, which hit the block in January.
The 24,000 sq ft shopping centre is at 325 Stewart Boulevard. It’s fully leased to 17 tenants, including Pizza Pizza, Pet Valu and Starbucks. Petro-Canada is on a 1-acre land lease.
Over 90% of base rental income comes from regional and national tenants. The weighted average lease term is 5.3 years.
Petro-Canada was completed in 2008, and the remainder of the buildings were built between 2012 and 2019. There are 148 parking stalls and three drive-thru pads.
On over 4 acres, Brockville Crossroads Centre is 200m from Highway 401, 1.2km from Brockville Station and less than 2km from downtown Brockville. The Ogdensburg-Prescott International Bridge, which connects Johnstown, Ont., with Ogdensburg, New York is 25 km away.
According to Green Street’s Sales Comps Database, recent retail acquisitions in Eastern Ontario include the April sales of Greenbank Hunt Club Centre, which Burnford Realty sold to Epic Investment Services for $35.9m, and Rockcliffe Plaza, which traded between private entities for $7.8m.
This article was updated at 1:30pm on June 23, 2025, to include the Lennard Commercial Realty brokers involved in the Brockville Crossroads Centre sale.
