Space

2,144

Square Feet

About Unit 07

Contact Melissa or Shawn for more information about this suite.

  • Private Offices
  • Est. Monthly Rent: Undisclosed
  • Size 2,144 SF
  • Type Retail
  • Gross Rent Undisclosed
  • Base Rent $18.00/SF
  • Additional Rent Undisclosed
  • Lease Direct
  • Availability Now
  • Max Contiguous 64,903 SF
  • Last Updated Mar 04, 2016
  • Verified On Dec 05, 2016
  • Source Arcestra Inc.

About Woodland Park Shopping Centre

7 acres of development land were purchased in 1987 to develop the site into a 65,000 square foot neighbourhood shopping centre anchored by a 31,000 square foot A&P grocery store. Although A&P signed a lease, the tenant went dark after only 2 months in operation. As a result, in the early stages of the development, the plaza lost several other tenants including a pharmacy. Subsequently, Counsel Trust went bankrupt and Terracap purchased the other 50% interest in the plaza at a time when the operating income was close to break-even. In 1995, an additional funds was put into the deal which was used to pay down the mortgage. The Company also renegotiated with A&P to reopen with their Food Basics concept. A McDonalds’ restaurant pad was added and the Food Basics was expanded from 25,000 square feet to 31,000 square feet.

  • Property Type Retail
  • Total Available Space 2,144 SF
  • Direct Available Space 2,144 SF
  • Sublet Available Space 0 SF
  • Min Divisible 2,144 SF
  • Max Contiguous 64,903 SF
  • Number Of Floors 1
  • Managed By Terracap Management Inc.
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