Canada ICI arranged the successful financing for Cornerstone Camrose, a 211,775-square-foot grocery-anchored retail centre in Camrose, Alberta. This dominant retail destination spans 27 acres and features 14 buildings, offering 1,866 surface parking stalls. The centre is anchored by Safeway, RONA, ATB, Shoppers Drug Mart, and Dollarama, and is further complemented by an adjacent shadow-anchored Walmart, collectively forming a significant commercial hub.
The area is two kilometres away from the International Airport and five kilometres west of Downtown. The properties are near the amenities of the Polo Park retail node, which includes retail, restaurants and services.
Canada ICI arranged term loan financing for the acquisition of a two-storey, 11,000 square foot retail property in Richmond Hill. This strategic acquisition leverages affordable term financing with the potential for future land densification, catering to the expanding mid/high-rise residential market in the area.
Canada ICI arranged first mortgage financing for the purchase and redevelopment of a retail/office building in Edmonton, Alberta. Originally constructed in 1952 and later converted into the Avonair curling club in the 1970s, the property will now be redeveloped into Athletes Hanger, an athletic-focused training and recovery center. This new facility will cater to athletes, teams, clubs, and individuals seeking enhanced training, recovery, optimization, and skill development.
Canada ICI arranged the financing for the newly built Pharmaprix of Mirabel, Québec.
Canada ICI coordinated the successful placement of acquisition financing for Circle Square, which represents ~80,000 sq. ft. of mixed retail and office space over three buildings.
Canada ICI successfully arranged funding for a 60,000 sq. ft. mixed-use property located in Sainte-Thérèse, Québec. This property currently includes 51 apartments and over 16,000 sq. ft. of commercial space.
Griesbach Village is a 75,000+ SF multi-tenant retail centre anchored by Shopper’s Drug Mart. The property is located at the northwest corner of the prominent intersection of 137 Avenue and 97 Street in Griesbach, Edmonton’s award-winning neighbourhood.
Canada ICI Capital provided a $12.3mm first mortgage with an insurance company at a very competitive rate for a nationally tenanted retail strip plaza despite current COVID-19 restrictions. The property is located in the Junction district in Toronto and was developed and managed by a repeat Canada ICI client.
Southtrail Plaza comprises three buildings totaling 58,000 sq. ft. of premier retail and office space and is located along a major arterial roadway, Calgary Trail in Edmonton, Alberta.