Burlington Power CentreBurlington Power CentreBurlington Power CentreBurlington Power Centre
  • Home
  • About Us
  • Team
  • Portfolio
  • Development
  • Leasing
  • News
  • Contact Us
✕

Burlington Power Centre

Purchased in 2004, the property is located at 1220 & 1250 Brant Street in Burlington, Ontario. The shopping centre consists of 297,000 square feet, anchored by Sobeys, Indigo, Famous Players, Lazy Boy Furniture and Marshalls. The shopping centre also includes 4 acres of vacant land for further retail development.Burlington has a population of 160,000 residents and has excellent transportation links to Toronto including rail links, Highway 401 and Go Transit. Its economic base is diverse including food processing, packaging, transportation, electronics, auto parts manufacturing and business services.Terracap was able to structure a deal on a tax effective basis that was attractive to the vendor. The vendor was faced with a low tax cost base and high recapture upon disposition. Terracap structured the purchase through a third party that absorbed the recapture and sold Terracap the assets at the higher tax cost base. This allowed the Company to acquire this significant and much sought after Class A property at a reasonable purchase price in a very hot commercial real estate market. The shopping centre has proven to be an excellent investment. The centre is virtually 100% leased with moderate rent step-ups year over year. Offers were received on the center which precipitated a sale to an internal investor pool, resulting in a significant gain for investors who opted to capitalize on the opportunity to exit. Currently built and opened for business is a 40,000 sf LA Fitness on surplus lands on the site and an extensive renovation of the existing Sobeys store has been recently completed as well.

Gallery










View More Properties

  • 16/07/2021

    United States NNSA


    Read more
  • 06/07/2021

    1421 Yonge St (New Dev.)


    Read more
  • 16/07/2021

    West Link Park


    Read more
  • 16/07/2021

    Complexe 5 Mille


    Read more
  • 12/12/2022

    5165 Yonge Street


    Read more
  • 27/01/2022

    Fort McMurray


    Read more
  • 16/07/2021

    5175 Yonge Street


    Read more
  • 16/07/2021

    Colonial Commons


    Read more
  • 16/07/2021

    Frontier Centre


    Read more
  • 16/07/2021

    University Plaza Medical


    Read more
  • 16/07/2021

    Sturgeon Investments


    Read more
  • 16/07/2021

    Innes Centre


    Read more
  • 16/07/2021

    2709-2741 Yonge Street


    Read more
  • 16/07/2021

    Woodland Park Centre


    Read more
  • 16/07/2021

    Katz Korner


    Read more
  • 16/07/2021

    Burlington Power Centre


    Read more
  • 16/07/2021

    401 King St (New Dev.)


    Read more
  • 16/07/2021

    Markey Meadows


    Read more
  • 16/07/2021

    Robertson Centre


    Read more
  • 16/07/2021

    Bee Ridge, Sarasota, USA


    Read more
  • 13/07/2021

    23 St. Thomas Street


    Read more
  • 16/07/2021

    Roundhouse Centre


    Read more
  • 16/07/2021

    Golfdown


    Read more

The Terracap Group of Companies

100 Sheppard Avenue East, Suite 502
Toronto, Ontario M2N 6N5
Canada
Phone: 416-222-9345
Toll Free: 1-800-363-3207

  • Facebook
  • Twitter
  • LinkedIn

JOIN US TODAY
Receive Latest News from Terracap!
SIGN ME UP!

Thank you!

We are so glad you've joined our list. We will send you the latest news soon.

Terracap © 1989-2023 | Copyright Reserved World Wide | Development: 2Bornot2B Communications Inc. | Powered by 2B-Up Engine