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Barrie Power Centre
Barrie Ontario

This commercial real estate investment portfolio comprises thirteen buildings, including a state-of-the-art 12-screen Galaxy Cineplex Theatre (on six acres of land) facing the very busy Highway 400, the main road from Toronto to Cottage Country. Adjacent to the theatre is a newly constructed office building anchored by Sunlife Insurance Company next to it is the Putting Edge, with children’s golf, a party room and adjoining restaurant.

Purchased March 8th, 2007 for $21,550,000 on behalf of Churchill IV Real Estate Limited Partnership. These assets were purchased in March 2007 for $21,550,000 on behalf of Churchill IV Real Estate Limited Partnership.

Also purchased in this portfolio were two multi-tenant industrial buildings situated on the north side of Barrie with good visibility to Highway 400, close to Georgian College and the Royal Victoria Hospital. These industrial buildings have been built out to an average of 75% office space. The latest Canadian Census reported Barrie, Ontario as the fastest growing city in Canada with a population of more than 100,000 people. The five year population growth was 19.2%; by way of comparison, Calgary, Alberta was 13.4%.

Buildings through were purchased January 31st 2008 for Churchill Real Estate Limited Partnership. Buildings through were purchased in April 2008 on behalf of Churchill Barrie Power Centre Limited Partnership.

1

12 Screen Cineplex Theatre
72 Commerce Park Dr

5
H&R block & State Farm Insurance
516 Bryne Drive
9
Multi-Tenanted Retail
505 Bryne Dr
2
Sun Life building
62 Commerce Park Dr
6
Shermin Williams Building
510 Bryne Dr
10
Multi-Tenanted Retail
31 Commerce Park Dr
3
Putting Edge & Rita’s Restaurant
32 Commerce Park Dr
7
Arctic Spas
508 Bryne Dr
11
Multi-Tenanted Retail
11 Commerce Park Dr
4
Active Green & Ross
512 Bryne Dr
8
Williams Coffee
501 Bryne
12
Multi-Tenanted Retail
28 Commerce Park Dr
       
13
Multi-Tenanted Retail
22 Commerce Park Dr

 

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