Ranch Market Shopping Centre – Strathmore AB
100 Ranch Market, Strathmore, AB
Ranch Market Shopping Centre was acquired in 2011 for $27,100,000 and consists of 98,125 square feet of open-air retail premises. The property was approximately 30% vacant at the time of purchase. Since acquisition, excess land has been utilized for the construction of a new purpose-built Royal Bank of Canada pad site of approximately 6,000 square feet. In addition, the property increased its occupancy to nearly 90%. Other notable tenants include Shoppers Drug Mart, ATB Financial, Dollarama and Western Financial Group.