Purchase2013
Build Year1999
Buildings1
Levels1
Floor Area13,546 ft2
NeighbourhoodLeduc
Address 5901 50 St, Leduc AB
Tenants Leduc Animal Clinic
Shanghai Restaurant
Papa Johns Pizza
Edward Jones
On Site Placement

50th Street Plaza is a retail strip mall located in Leduc, Alberta, 20 minutes south of Edmonton.

The project was built in 1999 by a team of local veterinarians. They needed a new space for their practice and found a large commercial lot in an ideal location. To make best use of the land parcel, they decided to build a larger building and sublet the extra commercial units. They have since sold the veterinary business, but the clinic continues to serve as the primary anchor tenant in the building.

As Sparrow continues to develop its regional portfolio, new acquisitions will prioritize mixed-use developments closer to pedestrian-friendly areas in the urban core. In the meantime, however, 50th Street Plaza is a stabilized asset fully tenanted by local businesses. We intend to retain this asset to provide the Sparrow ecosystem with a foothold in Leduc county and to offer our long-time tenants in the building with the opportunity to participate as stakeholders in an Open Equity partnership.

Share this