Penticton Power Centre

Shopping Centre Investment

Penticton Power Centre is centrally located on 14.8 acres of land in Penticton. Churchill II Real Estate Limited Partnership, Public Offering entered into a co-ownership agreement to own a 78.8% undivided interest in the Penticton Power Centre in December 2004 for $18,650,000. After acquisition, a new 10-year lease was negotiated with Winners for a pad site and a store of 26,200 sq. ft., increasing the leasable floor area to 202,294 sq. ft.

Major tenants include Zellers, Staples Business Depot, Petcetera, Sleep Country Canada and TD Canada Trust.This property was sold in May 2006 for gross proceeds of $29,750,000 to a publicly traded REIT.