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Stocks in play: Plaza Retail REIT

·1 min read

Has acquired interests in three new properties in Quebec and Ontario and to provide an update on ongoing development and redevelopment projects. St-Joseph Boulevard, Drummondville, Quebec: this site is anchored by a newly-opened Maxi (Loblaw) grocery store. Plaza intends to redevelop 34,000 square feet of vacant space and add additional retail space. This site will have a gross leasable area of 81,000 square feet upon completion. Plaza owns a 50% interest in this property. Corner of Royaume Boulevard West and Talbot Boulevard, Chicoutimi (Saguenay) Quebec: land was purchased for a new 90,000 square foot retail development, for which significant pre-leasing is already in place. Plaza owns a 37.5% interest in this property. Mapleview Drive West, Barrie, Ontario: located on a key thoroughfare in southern Barrie, this land is intended for a 60,000-square-foot grocery-anchored development, the majority of which has been pre-leased. Plaza owns a 50% interest in this property. Plaza Retail REIT shares T.PLZ.UN are trading down $0.02 at $4.68.

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