MONTREAL, QUEBEC--(Marketwired - Jun 24, 2014) - (TSX VENTURE:GAZ.UN) Fronsac Real Estate Investment Trust ("Fronsac REIT" or "Fronsac") announced today the launch of the second phase of development of it's commercial site situated at exit 174 of Autoroute 40 in Louiseville. McDonald's Canada started construction of a 4,800 square foot restaurant.
The first phase of this development in completed and opened for business since 2013 and offers a Tim Horton's (2,800 sq.ft.) and a convenience store with gas station operated by Ultramar (3,080 sq.ft. and 10 pumps). This site is co-developed in partnership with a private real estate developer.
Michel Lassonde, President and CEO of Fronsac explains: "We are very proud of continuing our relationship with McDonald's. This site is the perfect example of the type of commercial real estate that Fronsac favours and benefits from the presence of the two major fast-food players."
About Fronsac - Fronsac Real Estate Investment Trust is an open-ended trust that acquires and owns high quality commercial real estate properties, rented to strong tenants under long term, management free and net leases.
Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this release.
- Investment & Company Information