Shindico Realty Inc. has assumed ownership and management of six new properties which total 228,018 square feet on 15 acres of land within Winnipeg, Manitoba. The properties have a total of 52 tenants, including a balanced mix of professional, medical, office, and retail businesses. Both Loblaws and Safeway have long-term leases at two of these properties.
“This is a great example of a transaction where everyone was on the same page. The Vendor wanted to ensure the properties continued to be owned and managed by a local company and Shindico was a perfect fit for that objective. Everyone involved in this deal took their lead from that great synergy and worked together to resolve any issues that arose.” said Shindico’s General Counsel, Justin Zarnowski.
The transaction was done in collaboration with Brian Taillieu of Colliers International, who represented the Vendor. For over 47 years, Shindico has been managing properties throughout the city and these new properties will be in those same neighborhoods. “We know that our robust property and asset management team will continue to professionally manage the properties in a manner that will make the Vendor proud. These are legacy properties of the Vendor, and they will forever be treated as such,” added Shindico’s President and CEO Sandy Shindleman.
Since 1975, Shindico has been a market leader in commercial real estate and investment management in Canada, providing full service to owners and occupiers of retail, office, industrial and multi-residential property. We are proud of our asset management top performance and industry-leading brokerage, development, property management and tenant representation teams. Our in-house capabilities allow us to draw upon the diversity of skills and talents needed to excel at managing property assets.
We are proud affiliates of CORFAC International, an alliance comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services.
Our retail division team are members of the Retail Brokers Network (RBN). Founded in 1992, RBN is a retail networking group whose members specialize in Retail Real Estate Brokerage. Our independent firms work together on a regional, national, and even the international level in all areas of commercial real estate including: tenant representation, investment sales, and project leasing.
For further information please contact:
Sandy Shindleman, CCIM, SIOR, CRE, FRICS
Shindico Realty Inc.