Station Mall from a Regional Enclosed Shopping Centre at 293 Bay Street in Sault Ste

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293 Bay St, Sault Ste. Marie, ON

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The Offering

Colliers International (“Colliers”) has been retained by Algoma Central asset domestically and directly across the border, particularly for fashion Properties Inc. (the “Vendor”) as exclusive agent to offer for sale of retailers, which will result in renewed spending at Station Mall from a regional enclosed shopping centre at 293 Bay Street in Sault Ste. Canadian and U.S. residents as lockdowns end and borders re-open. The Marie (the “Property” or “Station Mall”). With a gross leasable area of property also boasts a number of national brands, including H&M, Sport approximately 475,000 SF, Station Mall sits at the heart of Sault Ste. Chek, Atmosphere, Scotiabank, Dollarama and Cineplex Galaxy Theatres. Marie’s downtown, occupying approximately 35 acres at the City’s waterfront on the St. Mary’s River. While a staple in the local community, Station Mall has been extensively renovated and modernized with major Station Mall serves over 110,000 residents up to 150 km away and capital improvements having taken place over the last decade. Station across the Algoma Region. Station Mall benefits from being located Mall presents a fantastic opportunity for investors to own an asset within minutes of the U.S./Canada border crossing at the Sault Ste. Marie of scale with significant upside in one of Canada’s most expansive International Bridge. Minimal retail competition stands in the way of the trade areas. Investment Investment Highlights Highlights Salient Largest enclosed shopping centre in Algoma Region and serving one of Canada’s largest Facts trade hubs;

Property Name Station Mall > Investment Highlights Minimal retail competition both locally and across the border with no other enclosed retail centers of scale within a 3.5 hour drive Address in Canada; 293 Bay Street, Sault Ste. Marie, ON Zoning Asset in excellent condition due to historically C5 – Shopping strong management performed by Algoma Opening Year Centre Zone Central Properties Inc. and an extensive 1973 capital program that’s taken place over the last decade; Renovated/Expanded Site Area 2000, 2011, 2013, 2014, Approx. 35 acres 2015, 2016 Opportunity to add significant value and shape the future of downtown Sault Ste. Financing Major Tenants Marie due to the property’s scale and Free and Clear excellent location. Galaxy Theatres, Sportchek/Atmosphere, GLA H&M, Dollarama, Approx. 475,000 SF Scotiabank, LCBO

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Interested parties are invited to sign a Confidentiality Agreement to access the Confidential Investment Memorandum. Contact the Exclusive Agents for more details.

245 Yorkland Boulevard, Suite 200, Toronto, Ontario M2J 4W9

David Williams Senior Vice President Sales Representative +1 416 643 3753 [email protected]

Jared Cowley Associate Vice President Sales Representative +1 416 791 7249 [email protected]

Jake Arnoldi Senior Sales Representative +1 416 791 7205 [email protected]

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