- What Burnford Realty has sold Greenbank Hunt Club Centre for $35.9m
- Why The Ottawa retail property is nearly fully occupied
- What next The office space is about 80% leased
Epic Investment Services has acquired a grocery-anchored retail centre in Ottawa for $35.9m, Green Street News can reveal.
Burnford Realty offloaded Greenbank Hunt Club Centre in a deal that closed in mid-April. Capital Commercial Investment Corp. had the assignment on behalf of the seller.
At 250 Greenbank Road, the neighbourhood centre spans 97,000 sq ft, of which about 11,000 sq ft is office space. The property was completed in 1987.
Anchored by Metro, the retail portion is fully occupied by 33 tenants including BMO, Royal Drugstore and Tim Hortons. The office portion is approximately 80% leased to 10 tenants. There are 350 parking stalls.
Greenbank Hunt Club Centre is on 6.4 acres in the Greenbelt. The property is close to West Hunt Club Road, Highway 416 and the Queensway. About 42,000 people with a median household income of $117,000 live within 3 kilometres.
Toronto-based Epic provides asset, investment and property management services to institutional and private investors. Craig Coleman is managing partner and chief executive.
Burnford Realty is a private real estate company based in Ottawa.
