On August 27, 2018, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of a property at 448 St. Clair Street in Chatham, ON.
The property comprises 71,423 square feet of retail space and was purchased for $14.1M. The anchor tenant for the property is Food Basics grocery. Other notable tenants include Dollar Tree and PartSource.
Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.