October 24, 2014 10:15 ET
Mandarin Restaurant Celebrates a Grand Opening With ReDev Properties Ltd.
TORONTO, ONTARIO–(Marketwired – Oct. 24, 2014) – ReDev Properties Ltd. is proud to celebrate the opening of Mandarin Restaurant at Imperial Square, Guelph Ontario.Scheduled for a Grand Opening in December 2014, Mandarin Restaurant began a 10 year lease with ReDev Properties Ltd. earlier this year and is occupying an 11, 222 square feet unit. Imperial Square was purchased in 2006 and has 59,688 square feet of rentable space. Located along a major East-West arterial road, the shopping centre maintains a highly diverse tenant profile. Major tenants include: Cineplex Theatres, A&W Restaurant and Turtle Jacks. "We're thrilled to welcome Mandarin Restaurant to our shopping centre," says Richard Crenian, President of ReDev Properties Ltd. "We have a great mix of eateries, services and entertainment tenants and Mandarin Restaurant will no doubt be a great addition, adding another major draw for customers." Mandarin Restaurant is an award-winning buffet style restaurant, with extensive soup and salad bars, a grill table, a prime rib counter, a sushi corner, a variety of hot food stations showcasing the best Chinese-Canadian entrees and multiple dessert and ice cream counters. The restaurant has over 20 locations across Ontario, and this will be Mandarin Restaurant's first location in the Guelph area. About ReDev Properties Ltd. ReDev Properties Ltd. is a Canadian owned and operated commercial real estate asset management company. Since 2001, ReDev Properties has purchased and managed over 25 commercial real estate properties in Canada on behalf of our investors. ReDev Properties understands that the key to any successful commercial real estate project is location. ReDev Properties carefully and diligently locates existing commercial real estate properties in markets which provide the necessary stability and future growth to ensure our assets retain and increase their value. Western Canada, specifically Alberta and Saskatchewan, are the economic engines of the country and ReDev has placed a high priority on properties located in these provinces. ReDev Properties utilizes a long term approach to managing our investors' assets. It generally takes considerable time and expertise to maximize the value of a commercial real estate property. ReDev has the requisite experience and knowledge to capitalize on the lucrative commercial real estate market and maximize the value of our assets.