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True North Commercial Real Estate Investment Trust expands geographic footprint in alberta acquiring single-tenant Edmonton Building


Monday, 18 Aug 2014 04:30pm EDT 

True North Commercial Real Estate Investment Trust:Agrees to acquire a 96,804 square foot, 100 pct occupied, office property located in Edmonton, Alberta (Edmonton Property) for an aggregate purchase price of about $24.5 mln.Says purchase price is partially financed through the sale, on a bought deal basis, of 1,615,574 Units at price of $6.55 per Unit.