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June 21, 2016 - Blog Article
ReDev Properties Ltd. renews seven major property leases at Quance Plaza in Regina

TORONTO,  June 21, 2016  /CNW/ -  One of  Regina's  top commercial properties, Quance Plaza, will continue to have long-term retail commitment as ReDev Properties Inc. (ReDev) recently secured seven key lease renewals. ReDev has been invested in the  Saskatchewan  market for several years, with Quance Plaza as one of the company's key holdings. Currently, 90 per cent of the plaza's leasable square footage is occupied by major brand tenants.   The plaza is situated in one of  Regina's  most dominate retail corridors on Victoria Avenue East. Recent lease renewal contracts in the plaza include:

  • Saskatchewan Liquor and Gaming Authority €“ Quance Liquor Store
  • M & M Meats
  • Boston Pizza
  • Staples
  • Kal Tire
  • Mr. Lube
  • Chuck E. Cheese's
  • Subway Restaurant

"Lease renewals signify a solid foundation for ensuring assets are stabilized for continuing long-term investment success," said  Richard Crenian, President of ReDev Properties. "Quance Plaza is well located and tenanted, with excellent potential for continued growth." ReDev has made significant market strides this year, including the sell-off of four other properties to date. The company continues to manage the reconstruction of Kensington Crossing, a shopping plaza located inEdmonton. Lease renewals on existing national tenants continue to be a priority for ReDev moving into the second half of the year. For a complete list of ReDev Properties click  here. For high profile retail opportunities in Quance Plaza, click  here  and  here  for details. Quance Plaza is located at 635 University Park Drive,  Regina Saskatchewan  (off Victoria Avenue East) About  ReDev Properties  Ltd. ReDev Properties Ltd. is a Canadian commercial real estate asset manager. Since 2001, the company has purchased and managed over 30 commercial real estate properties in  Canada. ReDev Properties locates existing commercial real estate properties in markets that will ensure assets retain, and increase, in value for necessary stability and future growth. The company's founder and President,  Richard Crenian  has managed over  two billion dollars  in real estate assets since 1981.