True North Commercial Real Estate Investment Trust Announces Completed Disposition of 90,550 Square Foot Office Property at 9200 Glenlyon Parkway, Burnaby, British Columbia for Sale Price of $37 Million
True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the "REIT") is pleased to announce that it has completed the previously announced sale of a 90,550 square foot office property located at 9200 Glenlyon Parkway, Burnaby, British Columbia (the "Property") for a sale price of $37.0 million, excluding transaction costs. The REIT intends to use the net proceeds, after repayment of the existing first mortgage related to the Property, to repay existing indebtedness on its credit facilit