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Skyline Industrial REIT pays $309 million for Calgary, Edmonton portfolio

Deal includes four business parks and 16 buildings with more than two million square feet of industrial space on a total of 129.5 acres in the two cities.
Skyline Industrial REIT, Toronto, for Western Investor

Property type; Industrial portfolio

Location: Four sites in Calgary and Edmonton.

Number of properties: Four

Number of buildings: 16

Size of property: “More than”  2 million square feet (total)

Space leased as of sale date: 97.7 per cent

Size of land: 129.5 acres (total)

Sale price: $309.25 million

Date of sale: September 8, 2022

Purchaser: Skyline Industrial Real Estate Investment Trust, Toronto.