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First Capital, Gazit Buy $84M Mall

First Capital Realty and ProMed Properties, a subsidiary of Gazit America, have partnered to acquire the Meadowlark Health and Shopping Centre in Edmonton.

    First Capital RealtyandProMed Properties, a subsidiary ofGazit America,have partnered to acquire theMeadowlark Health and Shopping Centrein Edmonton. The joint venture paid around $84 million for the deal.

    The property is presently 100% rented to a mix of medical office and tenants, includingCanada SafewayandShoppers Drug Mart, addWinnipeg Free Press.The transaction is expected to be completed in the third quarter of this year.

    Click here for the release fromCanada Newswire.

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