Penticton Power Centre – Penticton BC
2210 Main Street, Penticton, BC
This 176,000-square foot open air retail shopping centre located along Main Street in Penticton, BC was initially acquired in 2004 for $18,500,000. At the time, the property was anchored by a Zellers Department store, and included such other notable tenants as TD Canada Trust, Staples and PetCetera. After acquisition, a 16,000 square foot Winners store was constructed and leased long term. The property was successfully sold for $29,750,000 to a publicly traded REIT, who ultimately replaced the vacant Zellers with a Real Canadian Superstore.