At approximately 70,000 square feet, the Laval Sportium is the largest sports store in Quebec. It represents an investment of several million dollars and has created about 100 jobs. At the store inauguration, Sportium will also unveil the details of a major partnership with a sports team. Launched by SAIL Outdoors Inc., a Quebec-based company founded more than 40 years ago and headquartered in Laval, the Sportium banner already has stores in Quebec City and Saint-Hubert. Just like SAIL, known for its unique customer experience, Sportium offers a specialized service to consumers and is already a leader in sportswear and equipment.
PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX VENTURE:PRV.UN) is pleased to report that it has entered into a binding agreement to acquire a property at 165 Chain Lake Drive, in Halifax, Nova Scotia, for a purchase price of $8.2 million, representing a going-in capitalization rate of 7.0%, rising to 7.6% in 2018. The property is 100% leased to a single national retail tenant on a long-term lease. Closing is expected prior to month-end and is subject to customary conditions. “The Chain Lake Drive acquisition, with a single national tenant in the specialized retail market, will be a strong addition to the PROREIT portfolio,” said James W. Beckerleg, President and Chief Executive Officer. “Our acquisition pipeline is strong and we expect other quality acquisitions to be announced and closed before the end of the year.”
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Clients and advocates of storefront dispensaries say buying marijuana exclusively from stores regulated by Ontario's provincial government will mean fewer options for medicinal users, little progress