Crombie REIT sells 50 percent non-managing interest in fulfillment centre to Nexus, Nobel

Company

Nobel REIT Limited Partnership

Law Firm / Organization
Blake, Cassels & Graydon LLP
Lawyer(s)

Jean-Simon Lamarre

Company

Nexus Real Estate Investment Trust

Law Firm / Organization
Blake, Cassels & Graydon LLP
Lawyer(s)

Jean-Simon Lamarre

Company

Crombie Real Estate Investment Trust

Law Firm / Organization
Stewart McKelvey

Crombie Real Estate Investment Trust has agreed to sell a 50 percent non-managing interest in its Pointe-Claire, QC Customer Fulfilment Centre, to Nexus REIT and Nobel REIT Limited Partnership for a total purchase price of $98.2 million, including the purchaser's assumption of $61.5 million mortgage financing related to the property.

Blakes acted for Nobel REIT Limited Partnership and Nexus Real Estate Investment Trust with a team that included Jean-Simon Lamarre.

Merger & Acquisition
Infrastructure
$ 98,200,000
Closed
01 February 2022