Date Closed

February 14, 2007

Lead Office

Montréal

Value

165.00 Million CAD

On July 7, 2006, Faubourg Boisbriand Shopping Centre Holdings Inc. acquired “Faubourg Boisbriand”, a 1.2 million square foot lifestyle based retail complex currently being developed in Boisbriand, Quebec. The purchaser is a venture among Kimco Realty Corporation, Cherokee Partners and Sterling Centrecorp. February 14, 2007 marked the date of the initial drawdown under a $165 million construction credit facility made available to Faubourg Boisbriand Shopping Centre Holdings Inc. by a banking syndicate.