RioCan, the second largest real estate investment trust in Canada, has sold the Flamborough Power Centre in Hamilton, Ontario, as part of the company's divestment of non-core assets in secondary markets.
Krpan Group, a privately-held Canadian company with investments in commercial properties, acquired the 207,271-square-foot retail centre for $18.5 million, or approximately $89 per square foot.
The centre was constructed in 2007 off Hwy. 6...
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