ReDev Properties announces the sale of Dixie Road Plaza, Mississauga
(Toronto, July 20, 2018) ReDev Properties is proud to announce the sale of Dixie Road Plaza, in the City of Mississauga. The building (86,547 square feet) is situated in the westerly part of the Greater Toronto Area. It is zoned for mixed-use with great accessibility via public transit.
“The area has a strong retail market and this property offers a diversified blend of retail, restaurant, and showroom use,” said Richard Crenian, Founder and President of ReDev Properties. “We believe this was the right time for ReDev to sell this property to ensure the best return for our investors.”
Dixie Road Plaza was purchased in 2001 and is located at 5170 Dixie Road in Mississauga. The plaza consists of retail on the ground floor and three floors of office space. Tenants include
Eggsmart, Quiznos and Mucho Burrito.
About ReDev Properties
Founded in 2001 by Richard Crenian, ReDev Properties is a leading real estate investment management firm with an exceptional track record of successfully owning, developing, and managing over $2.5 Billion of real estate properties across Canada. ReDev focuses solely on commercial real estate, which enables the firm to deliver competitive investment performance, while ensuring alignment of interest with partners.