Nexus Acquires 9 Industrial Assets In Ontario And Alberta
40 sec read
Nexus REIT is starting the new year off strong, with agreements to acquire nine industrial properties in Ontario and Alberta, totalling a whopping $146 million. The assets will add nearly 1.8 million square feet to the Nexus portfolio, bringing them that much closer to becoming a TSX.
The acquisitions include six properties in London, Ontario, two industrial buildings in Edmonton, Alberta, and a previously closed sale of a multi-million dollar Ajax property.
Nexus CEO Kelly Hanczyk states, “2021 is looking to be a breakout year for the REIT. We’re very excited about announcing these acquisitions and the prospects for the REIT’s near-term growth. We continue to have a strong pipeline of potential acquisitions and expect 2021 will be a solid year of growth for the REIT.
Learn more about Nexus’ multimillion-dollar portfolio.
About Royal LePage Commercial Westhaven
Our commercial real estate industry and segment expertise coupled with Royal LePage’s national platform and integrated systems provides best-in-class real estate strategies and a competitive advantage that can’t be beat.
We help businesses identify opportunities and maximize their return on investment with actionable goals, centralized support services and a strong commitment to customer success. Our national partnerships help us establish, guide and execute successful business investments.
We offer commercial real estate agents a professional environment, focused 100% on commercial real estate. Agents can expect unlimited market boundaries to build their business without the interference of a heavy corporate structure. In addition, agents will be able to access Royal LePage’s national referral network of over 18,000 agents to develop more business in their target markets with incoming leads generated daily. The brokerage provides agents a suite of services including marketing, promotional, networking and professional development needs.
Innovation and service excellence have developed and propelled the Royal LePage brand since 1913. When you join Royal LePage Commercial Westhaven brokerage, you have the backing of one of the most powerful commercial real estate services company in Canada—Bridgemarq Real Estate Services Inc. (formally Brookfield Real Estate Services Inc.). Bridgemarq is a leading provider of services to real estate brokers and agents. They are an affiliate of Brookfield Business Partners, a business services and industrials company focused on owning and operating high-quality businesses and is listed on the New York and Toronto stock exchanges.