Glenhill Plaza is a 2 building neighborhood strip center located in Mount Pearl (St. John’s) Newfoundland. It was acquired as a property that benefited from a stabilized occupancy level, but with significant upside in rental rates as the average rents were well below market levels. It is currently 92% occupied by a good mix of national and local service oriented retailers including: Menchies Frozen Yogurt, Scotiabank, First Choice Haircutters, and Herbal Magic.
Date Acquired:January 2009
Total Property Square Footage:67,406 sq.ft.
- 74 Old Placentia Road
Mount Pearl, Newfoundland and Labrador