MEDIPOWER SELLS DUNDAS SQUARE IN BELLEVILLE CANADA
Medipower, a full-service commercial real estate company, specializing in retail real estate across the North East, announced today that it has entered into an agreement to sell Dundas Square, a neighborhood plaza, anchored by TSC Stores and Rexall Pharma Plus located in Belleville Ontario.
The transaction is designed to allow Medipower to focus on its proven business model of quality well located grocery anchored shopping centers across the North East.
Lennard's Yash Kumar listed the property and represented the seller.
Ron Stern, CEO: " We are very pleased with the successful execution of this transaction which enable us to recycle capital into our core markets in the United States. This sale provides us the opportunity to deliver value to our Shareholders and continue to build the future of Medipower as a dominant player in its core markets."