- What A Winnipeg industrial portfolio has changed hands
- Why It includes four occupied properties
- What next The new owner is Crestpoint Real Estate Investments
The Civil Service Superannuation Board has sold a Winnipeg small-bay industrial portfolio for $24.5m, Green Street News can reveal.
The four-property portfolio was picked up by Crestpoint Real Estate Investments last month. Hopewell Development will also own 10% of the property and manage it.
The buildings combine for a total 167,000 sq ft and are 100% occupied. All the properties, on a combined 9 acres, are in the northwest part of the city. The addresses are:
- 885 Keewatin Street
- 120 King Edward Street
- 1557-1565 King Edward Street
- 1266-1280 Border Street
Tenants include a Boyd Autobody & Glass location, Jackson Springs Water and Mid-Canada Fasteners & Tools.
The Civil Service Superannuation Board is the pension plan for government workers in Manitoba, managing $8.1bn in assets.
Crestpoint Real Estate Investments is a Toronto-based commercial real estate investor and manager with assets in all sectors of commercial real estate.
