The Hill real estate development family, based in Fredericton, is making a shift in their business focus. They have listed their portfolio of retail assets in Fredericton New Brunswick with the aim of channeling their resources and efforts into expanding residential offerings around their 400 acre golf course.
“Hill Brothers are first and foremost developers. The disposition of our retail assets is a strategic move to allow us to invest more heavily in the residential growth of our West Hills Golf Course. We are not in a rush to sell the retail portfolio. That said, given that the debt on the assets is at a preferential interest rate, we felt this would be a great time to bring it to market.” ~ Darren Hill, Hill Bros Ltd
The retail portfolio comprises 80,000 square feet of retail/commercial space and a development-ready pad site. The properties are 100% leased to a solid mix of national, regional and local tenants including popular brands like Tim Hortons, Subway, and Pita Pit.
The commercial/retail strip malls are located at 1050 Douglas Avenue, 500-530 Brookside Drive, 1012 Prospect Street and all offer high visibility, efficient property management, and access to a robust local population from many Fredericton North and South Side neighbourhoods as well as and highway traffic. With easy access and drive-by exposure, this portfolio represents a strong investment opportunity. The assets are listed for $22,000,000.
Interested parties can contact:
Stephanie Turner
(506) 333-3442
Saint John Commercial Real Estate 