Parkdale Shopping Plaza is located at 10845 81st Street in Edmonton, Alberta.

Information

Size: 23,648 Sq ft
Year bought: 2006
Purchase Price: CAD29.1m, approximately USD 27m * bought with Whitemud Crossing Shopping Centre as a package
Current status: still generating income for investors

Due to the current volatility of the USD & the increasing strength of the CAD, exchange rates may vary significantly. Please check with us for the latest rate.

Notes

• 23,648 sq ft. multi-tenant strip plaza
• Well Maintained and attractive plaza
• Excellent exposure from 118th Avenue with a high vehicular traffic count
• 100% occupied
• strong tenancy including Safeway, CIBC, Scotia Bank, Subway & KFC
• Offered to investors together with Whitemud Plaza in 2005
• Located on an important commercial arterial for the area and a proven retail district
• Adjacent to Safeway and Scotia bank with major shopping centres nearby
• Rexall Place, the home sports stadium of the NHL Edmonton Oilers, within walking distance, as is Northlands Racetrack and Fairgrounds

About Edmonton

• Edmonton is the capital city of Alberta
• Diversified local economy
• GDP of CAD44 billion+, well ahead of many other Canadian provinces
• Service centre for multibillion-dollar oil sands and natural gas developments
• Canada’s second largest manufacturing cluster, second only to Ontario’s Golden Triangle in manufacturing (where Redev has other plazas)
• Strategic location in the Calgary-Edmonton corridor, the region that is leading the continent economically
• Experiencing longest period of sustained growth in past 25 years, the Conference Board of Canada ranked Edmonton number one city for growth in 2004
• A 2006 KPMG study ranked Edmonton as worlds’ number one city to do business
• Economic strength, high local disposable income, low unemployment rate and very strong housing market all bode well for local retail sector