NEW

Woodland Park Centre

In 1987, Terracap acquired a prime 7-acre parcel of development land in Cambridge, Ontario, with a vision to create a vibrant neighborhood shopping center. This vision materialized in the form of a 65,000-square-foot retail complex designed to serve as a convenient and essential destination for the surrounding community. At its heart was a 31,000-square-foot Food Basics grocery store, which became the development’s anchor tenant and primary draw for local shoppers. The project’s strategic location and thoughtful design positioned it as an attractive hub for retail and dining, catering to the growing needs of Cambridge residents. The early phases of the development, however, were not without challenges. Initially anchored by an A&P grocery store, the shopping center encountered a significant setback when A&P ceased operations on the site. This abrupt closure triggered a ripple effect, causing the departure of several other tenants and casting uncertainty over the viability of the entire project. Rather than conceding to these difficulties, Terracap demonstrated its adaptability and commitment by engaging in proactive negotiations with A&P. These efforts paid off, as Terracap successfully convinced A&P to return under its Food Basics brand, a move that not only restored the grocery anchor but also saw the store’s footprint expand from 25,000 square feet to 31,000 square feet. This expansion solidified the store’s presence as a stronger and more reliable anchor tenant, reinvigorating the shopping center and restoring confidence among other retailers. To further enhance the site’s appeal and diversify its tenant mix, Terracap secured a McDonald’s restaurant pad, strategically positioned to drive additional traffic to the center. The introduction of this globally recognized brand added to the shopping center’s convenience and attractiveness, drawing families and commuters alike. These pivotal moves by Terracap revitalized the development, transforming it into a thriving retail hub that attracted new tenants and shoppers. The center soon established itself as a cornerstone of the Cambridge community, offering a diverse range of retail and dining options that met the everyday needs of local residents. Today, this neighborhood shopping center stands as a testament to Terracap’s vision, resilience, and strategic execution. By navigating early challenges and taking bold steps to re-anchor and enhance the property, Terracap not only safeguarded the development’s future but also ensured its continued success. The center remains a bustling retail destination, serving as a model for the company’s ability to adapt, innovate, and deliver long-term value to both tenants and the community it serves.

Features

Features
Parking Stalls
Parking Lot
Secured Premises
Security on Duty
Monitoring Included
Internet Wired

Details

Property Type : Commercial
Purpose : Lease
Status : Suites Available
Country : Canada
City : Cambridge
Address : 100 Jamieson Pkwy
Zip Code : N3C 4B5

Available Suite 1

Suite : Unit 3
Type : Retail
Suite Size : 5622
Availability : Immediately
Rate : $12.00-$13.00

Available Suite 2

Type : Retail
Availability : Immediately

Theresa Hoang | Dan Forsyth

Leasing & Marketing Coordinator