McAllister Place, Saint John, New Brunswick

JLL’s National Retail Investment Group and TD Cornerstone Commercial Realty Inc. (collectively, the “Advisors”) have been retained by the Vendor on an exclusive basis to arrange the sale of McAllister Place (the “Property,” and/or “Centre”), a 399,710 square foot enclosed mall situated on 79.12 acres (approximately 44 acres developed) in Saint John, New Brunswick. With city support for residential intensification, there are plans for a 526-unit residential development on the undeveloped portion of the site. The Property is currently 98.8% leased to a diverse roster of needs-based and service-oriented retailers with national tenants representing 96.6% of leased GLA. McAllister Place is anchored by Marshalls, HomeSense, Mark’s, Sport Chek, Lawtons Drugs, Party City, The Brick, Dollarama, and GoodLife Fitness. The Property offers the investor secure future income with a healthy weighted average lease term of 4.8 years.

McAllister Place is situated in the heart of Saint John’s most dominant retail node and offers premium frontage and visibility along McAllister Drive and Westmorland Road, less than 2 km away from the Trans-Canada Highway making this location easily accessible from across the province. The Property is well-designed with multiple access points along both thoroughfares and offers ample parking. This retail node is home to the country’s top retailers and is in close proximity to a number of established residential neighbourhoods.