Done Deals Updated for July

July 11, 2016 8:50 pm

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Chicago-based LaSalle Investment Management has bought Mission’s major shopping centre for $68.05 million from RioCan Real Estate Investment Trust and Kimco Realty Corp.

The Junction is a 282,533-square-foot, class-A shopping centre near the intersection of Highways 11 and 7 in the Fraser Valley and is 96 per cent occupied. It’s anchored by a Save-On-Foods grocery store and also includes London Drugs, SilverCity Mission Cinemas, and Staples among other retailers.

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