Lloyd Mall has been sold to a real estate investment firm.
Montreal-based Leyad announced Tuesday it has acquired the enclosed shopping centre, which serves residents on both sides of the Alberta-Saskatchewan border.
The mall has more than 200,000 square feet of gross leasable area and underwent a major renovation in 2021. Anchor tenants include Safeway, Shoppers Drug Mart, Urban Planet and Dollarama.
“Lloyd Mall fits squarely within our strategy of investing in high-quality retail assets that provide essential goods and services to their communities,” said Henry Zavriyev, CEO of Leyad. “Grocery and pharmacy anchored centres now represent our highest-grossing tenant category, and this acquisition further strengthens that segment of our portfolio.”
Lloyd Mall is the only enclosed shopping centre in the Lloydminster area and serves a regional trade area of more than 195,000 people.
