Portfolio Overview

2 Lawrence Street

Amherst, Nova Scotia

This property is a two-storey free-standing retail property located at 2 Lawrence Street in Amherst, Nova Scotia, with approximately 21,200 square feet of GLA situated on approximately 1.2 acres of land and has open-air parking for 60 vehicles. The property was built in 2009, renovated in 2016 and is 91.1% occupied by Lawton's Drug Store on a long-term lease until April 2029, with a pharmacy on the main level and subleases to medical/office tenants on the second floor, as well as a physiotherapy clinic under a long term lease to 2026.

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26-30 Prince Arthur Street & 11-15 Princess Street

Amherst, Nova Scotia

This property is an office complex located at 26-32 Prince Arthur Street and 11-15 Princess Street in Amherst, Nova Scotia, with approximately 50,700 square feet of GLA. It is situated on approximately 1.9 acres of land and has 130 outdoor parking spaces. The building was built in 1957, with renovations done over time including in 2008 and 2015. The complex is 76.3% occupied by 7 tenants, including the Province of Nova Scotia, the Cumberland Health Authority, the Government of Canada, and a local law office.

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8934 - 8944 Commercial Street

New Minas, Nova Scotia

This property is located at 8934 - 8944 Commercial Street in New Minas, Nova Scotia. The property is comprised of a neighbourhood plaza and a separate free-standing building located at 8944 Commercial Street with an aggregate of approximately 51,678 square feet of GLA. It is situated on approximately 4.4 acres of land and has open-air parking for approximately 250 vehicles. The centre was built in 1987 and 1988 and was renovated in 1997 and 2007/2008. The property is 95.3% occupied by nine tenants including Cineplex Cinemas, Global Pet Foods and Abs-O-Lute Health Club.

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87 Warwick Street

Digby, Nova Scotia

This property is a government anchored shopping center located at 87 Warwick Street in Digby, Nova Scotia, with approximately 61,300 square feet of GLA. The property was built in 1973 and renovated in 2013 and 2016. The property is situated on approximately 7.29 acres of land and has 335 outdoor parking space. The REIT believes that there is potential for an additional 10,000 square foot free-standing pad development at this site. It is 90.8% occupied by seven tenants, including Nova Scotia Community College, Shoppers Drug Mart, Dollarama and a Canadian Schedule I Chartered Bank.

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50 Empire Lane

Windsor, Nova Scotia

This property, located at 50 Empire Lane, is also known as Fort Edward Plaza. It is a Sobeys-anchored multi-tenant retail plaza facing Wentworth Road, which is the main retail artery connecting the town of Windsor with Highway 101. The property was built in 1972 and has been maintained in excellent condition, with renovations in 1988, 1991, 1994, 2000 and 2009. It is comprised of 125,393 square feet of GLA on approximately 28 acres of land. Fort Edward Plaza is 100% occupied by Sobeys, Home Hardware, Rossy and Dollarama, amongst others, and has 601 parking stalls. Sobeys occupies the property under a long-term lease until 2026.

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95 Keltic Drive

Sydney River, Nova Scotia

The property, located at 95 Keltic Drive, is a single-tenant grocery store leased entirely to Sobeys on a long-term lease until April 2027. The property was built in 1987 with renovations completed in 2005. It is comprised of 50,517 square feet of GLA, on approximately 6 acres of land, with 380 parking stalls. The Nova Scotia Liquor Corporation occupies 12,500 square feet of the building and is a subtenant of Sobeys. The property is immediately next door to a Wal-Mart store.

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25 Brookside Street

Glace Bay, Nova Scotia

This property located at 25 Brookside Street is a single tenant grocery store leased entirely to Foodland (Sobeys) on a long-term lease until April 2025. It is in the area’s primary commercial Corridor, at the intersection of Brookside Street and Commercial Street. The property, which was built in 1991, is comprised of 17,200 square feet of GLA, on approximately 2 acres of land with 125 parking stalls.

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5110 St. Margaret's Bay Road

Upper Tantallon, Nova Scotia

This property located at 5110 St. Margaret’s Bay Road, Upper Tantallon, Nova Scotia is a Lawtons Drugs anchored multi-tenant three-building retail plaza. Lawtons Drugs occupies the property under a long-term lease until October 2024. The property was built between 2008 and 2013, and is comprised of an aggregate of 58,744 square feet of GLA on approximately 12 acres of land with 280 parking stalls. It is 96.2% occupied by a variety of tenants, including Lawtons Drugs, Tim Horton’s, and Credit Union Atlantic. PROREIT believes that it is possible to develop a further 20,000 square feet at this site.

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165 Chain Lake Drive

Halifax, Nova Scotia

This property, situated at 165 Chain Lake Drive in Halifax Nova Scotia is a 44,720 square foot free-standing retail building 100% occupied by a single national tenant. Built in 2005 and expanded in 2007 and 2012, it sits on 3.6 acres of land with 195 parking stalls.

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