Westcliff, a Montreal-based real estate development and management company, has completed its acquisition of the Champlain Place mall in Dieppe, New Brunswick.
Located on a 60-acre site, the 784,372-square-foot Champlain Place is the largest shopping center in New Brunswick. Its hosts over 150 stores and its tenants include Walmart, Bass Pro Shops, Cineplex and LL Bean.
The financial aspects of the deal were not disclosed.
“Champlain Place perfectly aligns with Westcliff’s strategy, marking our commitment to high-caliber assets in key growth markets,” said Nicolas D’Aoust, vice president of Westcliff and head of leasing. “With impressive sales nearing $800 per square foot and an outstanding roster of renowned tenants, this property embodies the quality and dynamism we seek to bring into our portfolio.”
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