Eight More Things to Know……..

The Quebec ICSC Conference will take place this week at the Palais des Congress de Montreal.  Registration and a member-hosted reception kick the gathering off today/June 11th followed on Tuesday and Wednesday with a full slate of seminars, deal making, networking and leasing suites.  Due to the timing of the conference, Developers & Chains will not be published on Wednesday, June 13th.  The next issue will be on Monday, June 18th.  See you at the Conference…………….WP

True North Commercial Real Estate Investment Trust has closed the previously announced acquisition of a 274,500 square foot Class "A" LEED Gold office building located at 5775 Yonge St. in Toronto.  Situated on a 1.23-acre site, the building fronts on Yonge St. and includes a façade spanning 18 storeys. The purchase price was $85.15-million(Cdn). The building is 92.4 percent occupied, with 74 percent of its revenue generated by government and credit-rated tenants. (True North Commercial Real Estate Investment Trust – 416/234-8444)………….

BTB REIT reported that it has proceeded with the acquisition of the 25 percent equity balance in Complexe Lebourgneuf Phase II situated at 815 Lebourgneuf Blvd. in Québec City, which it did not own, for $7.5-million. (BTB REIT – 514/286-0188)………

Agellan Commercial REIT has closed on the previously announced disposition of the REIT’s approximate 824,000 square foot Parkway Place office property and approximate 42,000 square foot retail space and parking garage located on Consumers Rd. in Toronto.  The sale price for Parkway Place was approximately $256.3-million.  In addition, in conjunction with the sale, the REIT has entered into a two-year vendor head lease with the purchaser in respect of certain vacant retail space. (Agellan Commercial REIT – 416/593-6800)…………

Montreal-based PRO REIT has purchased twelve commercial properties for $45.1-million(Cdn), including six industrial buildings in Winnipeg. The properties total 368,854 square feet of leasable area and are fully occupied on long-term leases.  In addition to the Winnipeg properties, the acquisition includes five standalone retail buildings in Quebec and New Brunswick, and 50 per cent interest in an industrial property in Drummondville in Quebec (PRO REIT – 514/933-9552)…….

New York-based real estate advisory firm, Newmark Group Inc. has agreed to purchase RKF Retail Holdings LLC and subsidiaries which make up the RKF brand. The closing is expected before the end of the year. Introduced about 20 years ago, RKF is an independent real estate firm specializing in retail leasing, investment sales and consulting services.  Its head office is in New York City with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto.  Founder Robert K. Futterman will serve as Chairman of Newmark RKF. (Newmark Group Inc. – 212/372-2000)………

BMTC Group Inc. last week announced that Ms Marie-Berthe Des Groseillers has been appointed President and CEO.  BMTC Group is major furniture and appliance retailer in Quebec the operates under the Brault & Martineau, EconoMax and Ameublements Tanguay banners.  (BMTC Group – 514/648-5757 www.braultetmartineau.com)........

Toronto-based SPoT Coffee (Canada) Ltd. reports that Ms Colleen Hobson has re-joined the company as CFO.  Ms Hobson is familiar with SPoT's progress and developing business plan, as she has maintained a role of a consultant to the company's chairman and directors. Her experience working with both public and private companies, and her knowledge of streamlined accounting and reporting systems, will be crucial in the preparation of the company's business and financial plan for its projected expansion to 50 locations by the end of 2020. (SPoT Coffee (Canada) Ltd.-416/368-2220 www.spotcoffee.com).......