Purchase 2013 Build Year 1999 Buildings 1 Levels 1 Floor Area 13,546 ft2 Neighbourhood Leduc 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.