Villabar Real Estate Inc, Toronto, Ontario is pleased to announce the sale on November 1, 2011 of Fenworth Plaza, a shopping centre located at 550 Fennell Avenue East in Hamilton, Ontario. This 90,000 square foot shopping plaza was purchased by Villabar in 2005. Among the major tenants of the plaza are TD Canada Trust, Value Village, EasyHome, YE Olde Squires Pub, and Re/Max Escarpment Realty. In addition, a stand-alone Harvey's Restaurant was added in 2008. The plaza offered a well diversified mix of local, regional and national tenants and was fully occupied at the time of sale. The project was sold to a Toronto-based investment company.
About the Villabar Group:
Founded in 1984, the Villabar Group is a privately-held, diversified real estate investment company. Villabar has focused its investment expertise exclusively on existing operating projects with stable cash flow. Villabar has been involved in a variety of projects in Canada and the United States amounting to investments of in excess of $960,000,000. More specifically these acquisitions have included rental and condominium multi-unit residential projects, retirement homes, commercial plazas and a full-service hotel. Villabar's last acquisition was the purchase, in August of 2011, of the 240 unit Belmont at Duck Creek Apartment project located in Dallas, Texas.