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Sherwood Park Mall sold for $107M

Deal with private developer includes excess land
sherwood-park-mall
Primaris REIT sold Sherwood Park Mall at 2020 Sherwood Drive, Sherwood Park, Alta., on Feb. 28 for $107 million.

DEAL | Primaris Real Estate Investment Trust completed the sale of Sherwood Park Mall, a 415,237-square-foot enclosed shopping centre at 2020 Sherwood Drive, Sherwood Park, Alta., to a private investor and developer for $107 million on Feb. 28. The transaction included the mall as well as the Sherwood Park Professional Centre and excess land. The mall was 95 per cent occupied as of Dec. 31, 2024, with sales volume for the year averaging $93 per square foot.

PRICE | $107,000,000

FROM | Primaris REIT