Fronsac REIT Announces the Arrival of a McDonald's Restaurant on It's Development Site in Louiseville
June 24 2014 - 1:18PM
Marketwired
Fronsac REIT Announces the Arrival of a McDonald's Restaurant on
It's Development Site in Louiseville
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.
Michel LassondePresident(450) 536-5328
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