Clark Wilson Acts for PIRET in $72 Million Acquisition

Firm News

Clark Wilson client Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) completed the purchase on June 17, 2103 of four industrial properties in Calgary, Alberta, comprised of two single-tenant and two multi-tenant properties having a total of over 720,000 square feet of leasable premises, for a total purchase price of $72 million. James Speakman and Shauna Towriss worked on the deal with assistance from paralegal Wendy Ng. PIRET’s year-to-date 2013 acquisitions total 75 properties having a total of 5.8 million square feet of leasable premises and a total purchase price of $577.3 million. Clark Wilson is lead securities, real estate and corporate counsel to PIRET. PIRET is the largest internally managed publicly traded REIT in Canada that offers investors exclusive exposure to Canada’s industrial asset class.