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Pure Industrial Real Estate Trust (TSX-V: AAR.UN) has closed the sale of a $15.1 million Manitoba industrial property whose tenants include the Winnipeg Regional Health Authority. The property, located at 1725 Inkster Boulevard in Winnipeg, is on 12.77 acres of land.
Pure Industrial Real Estate Trust (TSX-V: AAR.UN) announced this week it has closed the sale of a $15.1 million Manitoba industrial property whose tenants include the Winnipeg Regional Health Authority.
The property, located at 1725 Inkster Boulevard in Winnipeg, is on 12.77 acres of land with a total rentable area of 265,843 square feet. Pure Industrial Real Estate Trust (PIRET), which has acquired two million square feet of income-producing properties this year, said the property is 100 per cent leased.
PIRET has 59 properties in Canada with a total leasable area of more than 3.5 million square feet.
Other recent deals include an agreement announced May 31 to acquire property occupied by Kromet International Inc., a manufacturer of custom metal components and assemblies in Stoney Creek, Ontario. That transaction is intended as a sale leaseback agreement, for a purchase price of $3.104 million, whereby Kromet would continue to operate from that location and pay rent.
As of May 31, PIRET anticipated the Kromet sale leaseback agreement would close July 24.
DCN DIGITAL MEDIA
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