Barrie Power Centre
Barrie Ontario

THIS PORTFOLIO COMPRISES FIVE 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.A newly constructed office building anchored by Sunlife Insurance Company , an indoor Putting Edge with children’s golf and party room and an adjoining restaurant . Purchased March 8th, 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 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% offices. In July 2007, the 2006 Canadian Census reported Barrie, Ontario as the fastest growing city in Canada with a population of more than 100,000 people. The five year 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

	12 Screen Cineplex Theatre 72 Commerce Park Dr		Speedy Muffler 512 Bryne Dr 6		Arctic Spas 508 Bryne Dr
	Sun Life building 62 Commerce Park Dr 6		H&R block & State Farm Insurance 516 Bryne Drive		Williams Coffee 501 Bryne
	Putting Edge & Rita’s Restaurant 32 Commerce Park Dr		Shermin Williams Building 510 Bryne Dr		Multi-Tenanted Retail 505 Bryne Dr

 

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