FOR SALE: Heritage Place Mall

1350 16th Street East
Owen Sound , Ontario N4K 5N3

Property Details

  • Property Size (m2): 28,479

FOR SALE: Heritage Place Mall - Retail for sale

About this availability

  • Type: Retail
  • Sub-Type: Contact Us
  • Tenure: Sale / Purchase
  • Space Available (m2): 28,479
  • Price ($CAD): Contact Us

JLL’s National Retail Investment Group and TD Securities (together, the “Advisors”) have been retained by the Vendor on an exclusive basis to arrange the sale of Heritage Place, a 306,543 square foot enclosed mall situated on approximately 37.5 acres which includes additional land density, in Owen Sound, Ontario (collectively, the “Offering”).

Heritage Place is 91.3% occupied to an excellent tenancy roster where 90.1% of leased GLA is represented by national brands. As the dominant centre in Grey and Bruce Counties, it occupies a high profile position fronting on 16th Street East/Highway 26, the major east-west thoroughfare in the area. Heritage Place opened its doors in 1987, an expansion was completed in 1989, and in 2017, the centre welcomed Giant Tiger, Urban Planet and a 24-hour GoodLife Fitness who now occupy the completely  transformed former Zellers location. The former Sears location will be occupied by Leon’s in Spring 2019. Anchored by Food Basics (renovated 3 years ago), Giant Tiger, GoodLife Fitness and Sport Chek, Heritage Place is the dominant retail centre within its vast trade area.

Positioned within the heart of Owen Sound’s primary retail node, the centre benefits from high traffic counts along 16th Street East (approximately 16,000 vehicles per day) and captures a significant market share of the Grey and Bruce County consumer base, comprising over 100,000 residents. As the largest urban community in the county, Owen Sound holds the seat of government in Grey county, supporting regional, provincial and federal government offices, a regional hospital, Georgian College and is a popular destination for cottagers which fuels the tourism industry in the region.

Investment Highlights:

  • Heritage Place is the largest enclosed mall in the region, anchored by Food Basics, Sport Chek, Giant Tiger, Leon's and a 24-hour Goodlife Fitness. 
  • Located in the heart of a retail node near Georgian College and Owen Sound Regional Hospital.  
  • Heritage Place features a diverse roster of tenants where 90.1% of the occupied GLA is comprised of national brands. 
    In 2017, the centre welcomed Giant Tiger, Urban Planet and Goodlife Fitness who occupy the completely transformed former Zellers location. In 2019, Leon’s will occupy the former Sears space.

Amenities



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