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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