September 30, 2014 16:41 ET
ReDev Properties Ltd. Welcomes Tutti Frutti Breakfast and Lunch to Palisades Shopping Plaza
TORONTO, ONTARIO–(Marketwired – Sept. 30, 2014) – ReDev Properties Ltd. is proud to celebrate the opening of Tutti Frutti Breakfast and Lunch as our newest tenant at Palisades Shopping Plaza, Edmonton.
Commencing in Sept 2014, Tutti Frutti Breakfast and Lunch will be begin a 10 year lease with ReDev Properties Ltd, occupying a 2,987 square foott unit.
Purchased in 2013, with 54,515 square feet of rentable space, Palisades Shopping Plaza is ReDev Properties’ newest property. Located at 12804 137th Ave, Edmonton, Alberta, the shopping plaza receives excellent exposure and access to two major transportation routes in Edmonton. It also contains a first-rate combination of national and local tenants.
“It’s a pleasure for us to welcome Tutti Frutti Breakfast and Lunch to ReDev Properties’ portfolio,” says Richard Crenian, president of ReDev Properties Ltd. “They will be a great fit with our existing tenants at Palisades Shopping Plaza.”
To date, Tutti Frutti Breakfast and Lunch has more than 40 locations in Quebec, Ontario and Alberta. Palisades Shopping Centre will be the restaurant’s third location in Edmonton. Established over 20 years ago, Tutti Frutti Breakfast and Lunch takes pride in preparing exquisite meals made with fresh ingredients.
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.