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Prairie 10-site industrial portfolio trades at $90.25 million

The 10-property package in Saskatchewan and Manitoba acquired by Toronto-based Parkit Enterprise Inc., marking its first foray into the Prairie industrial market.
Parkit Enterprises Inc., Toronto, for Western Investor
1345-redwood-winnipeg
1345 Redwood, Winnipeg among 10-property portfolio. Parkit Enterprises Inc., for Western Investor

Property type: Industrial portfolio

Number of properties: 10

Size of properties: 800,000 square feet (total)

Size of land: 55 acres (total)

Locations: 2 Ramm Avenue, 144 Henderson Drive and 195 Henderson Drive, Regina; 859 57 Street, Saskatoon; 310 De Baets Street, 90-120 Paramount Street, 1725 Inkster Boulevard, 1345 Redwood Avenue, 2030 Notre Dame Avenue and 555 Camiel Sys Street, Winnipeg.

Vendor: Pure Industrial, Vancouver

Buyer: Parkit Enterprises Inc., Toronto