One of Ottawa’s oldest malls is being shopped around.
Carlingwood Shopping Centre, which opened in 1956 and now contains the country’s largest Canadian Tire store, has been put on the market.
TD Securities director of real estate brokerage Elliot Medoff recently posted on LinkedIn that TD Cornerstone Commercial Realty and Cushman & Wakefield Ottawa are brokering the sale of the 632,700-square-foot complex, which is operated by Strathallen Property Management.
Medoff said the offering “represents a rare opportunity” to acquire a “high-quality, well-tenanted” retail property with a “stable cash flow and meaningful future development potential.”
Located on a 30-acre site at the corner of Carling and Woodroffe avenues, Carlingwood Shopping Centre is one of the city’s largest malls.
Its largest tenant is Canadian Tire, which opened a two-level, 263,500-square-foot location in the mall last fall. The store replaced the property’s flagship 180,000-square-foot Sears location, which was demolished to make way for the new Canadian Tire outlet.
The mall’s other tenants include Loblaws, Dollarama and Rexall.
