

Penticton Power Centre
Penticton, BC
Penticton Power Centre is a retail
shopping centre located at Main Street and Warren
Avenue East, Penticton, BC. The centre is situated
on 14.75 acres of land and is comprised of individual
one-storey buildings. Major tenants include Zellers,
Staples Business Depot, Petcetera, Sleep Country
Canada and TD Canada Trust.
The centre was purchased in December
2004 for $18,650,000. Churchill II Real Estate
Limited Partnership entered into a co-ownership
agreement to own a 78.8% undivided interest. After
acquisition, a new 10 year lease was negotiated
with Winners for a pad site and a store of 26,200
square feet. The combined leasable floor area
of the centre is approximately 202,294 sq. ft.
after the new addition of Winners and is now institutional
quality. Purchased on behalf of Churchill II Real
Estate Limited Partnership, Public Offering.
The Centre was sold for $29,750,000
to Calloway REIT. |
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