Whitemud Crossing Shopping Centre is located at 4211 106th Street in Edmonton, Alberta.

Information

Size: 93,343 Sq ft
Year bought: 2006
Purchase Price: CAD29.1m, approximately USD 27m
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

• 93,343 sq. ft. multi-tenant shopping centre on 8.26 acres
• Offered to investors in 2005 together with Parkdale Square
• Well maintained
• Excellent exposure
• 100,000+ daily vehicular traffic
• Fully leased with strong tenancy including Southgate Public Library, Red Robin & Sun Life Financial
• Excellent location in a proven retail district
• Adjacent to the Whitemud Freeway – a major east/west arterial route
• Local developments include 4 major schools plus an abundance of residential housing
• Located in a developing retail area

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, and 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