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Summit REIT buys two Calgary logistic centres for $126 million

The two brand-new Class A industrial logistics buildings totalling 725,000 square feet of gross leasable space are located close to the Calgary International Airport.
Calgary logistics.jpg
(Property not exactly as shown) Summit Real Estate Investment Trust for Western Investor

Property type: Industrial / Logistics

Location: Near Calgary International Airport, Calgary

Size of properties: 500,000 square feet and 225,000 square feet.

Total size: 750,000 square feet

Price: $126 million

Date of sale: Deal to close “early in fourth quarter of 2021”

Buyer: Summit Real Estate Investment Trust, Toronto.