Bayfield Realty Advisors Announces Acquisition of Alberni Mall
Thursday, October 17, 2013
TORONTO, ONTARIO–(Marketwired – Oct 1, 2013)- Mr. Harold Spring, President and CEO of Bayfield Realty Advisors Inc. (Bayfield), today announced that it has completed the acquisition of a 155,442 sf single storey open format community shopping centre in Port Alberni, British Columbia for $22,800,000. The property, located within the Alberni-Clayoquot Regional District, is anchored by Canadian Tire/Mark’s Work Wearhouse, Dollar Tree and Boston Pizza, and was newly redeveloped in 2012 to include Home Hardware, the Brick, Aaron’s Furniture and Paws & Claws. The property is strategically located within the dominant retail node of Port Alberni, at the convergence of Highway 4 and Cherry Creek Road. Canreal Management Corporation will manage the shopping centre and Bayfield will act as asset and leasing manager.