GWL Realty Advisors Inc. has acquired Credit Ridge Commons in northwest Brampton, Ontario, on behalf of an investor client.

The open-format retail centre, anchored by Walmart and Home Depot, was constructed in phases between 2011 and 2015. The centre’s twelve stand-alone buildings include tenants such as CIBC, the LCBO and Dollarama.

“Well located retail properties are an attractive asset class for investors,” said Paul Finkbeiner, president of GWL Realty Advisors. “The purchase of Credit Ridge Commons aligns with our commitment to achieve our client’s portfolio diversification objectives by purchasing high quality retail assets on their behalf.”

Located on 35 acres on Mississauga Road, north of Highway 407 and west of Highway 410, the property is a 10 minute car ride from Brampton’s downtown core and 20 minutes from Mississauga.

GWL Realty Advisors manages a retail portfolio across the country valued at $867.1 million. This includes $185.7 million (representing 584,565 square feet) in Ontario.