Quinte Crossroads

Belleville, ON

On March 30, 2012 Partners REIT acquired Quinte Crossroads in Belleville, Ontario.

Quinte Crossroads is a new development consisting of 88,319 square feet of existing pads on 14.26 acres located in the major retail node in Belleville, ON. This new format center is directly adjoining the Quinte Mall to the east and shadow anchored by The Home Depot. The development is 100% leased to national retailers including Bank of Montreal, Mark’s Work Wearhouse, Best Buy, The Brick, PartSource and Tim Hortons providing strong in place income. Long-term tenant leases provide income security with 61% of the revenue expiring in 2022 or later. In addition, this opportunity offers 48,835 square feet of pre-approved development in the heart of the 14.26 acre site providing strong upside in the near term.

Details:

Addresses:

Property Type:

  • Retail Strip Centre

Date built/redeveloped:

  • 2005 -2007

Anchor Tenants:

  • Bank of Montreal
  • Mark’s Work Warehouse
  • Best Buy
  • PartSource
  • Tim Hortons

Retail GLA:

  • 88,319