Deer Park centre sold

Deer Park Shopping Centre has changed hands for the second time in just over five years.

The Deer Park Plaza Shopping Centre has been sold.

The Deer Park Plaza Shopping Centre has been sold.

Deer Park Shopping Centre has changed hands for the second time in just over five years.

Huntingdon Real Estate Investment Trust (TSX: HNT.UN) announced on Wednesday that it has sold the 69 Dunlop St. commercial property for $16.1 million. The buyer was not identified, but a land titles search indicates the current owner is Solomen Samuel Bell of Calgary.

Deer Park Shopping Centre is anchored by Red Deer Co-op, which operates a grocery store, a liquor store and a gas bar with a car wash there. Other tenants of the 58,000-square-foot shopping centre include Servus Credit Union, Safari Spa & Salon, Chillabongs, Subway restaurant, Image Dental Studio, Dairy Queen and Medi Cross Family and Walk-in Clinic.

Richmond, B.C.-based Huntingdon owns office, industrial, retail, development and parking lot properties across Canada. It bought Deer Park Shopping Centre from a company controlled by Red Deer businessman Sam Wong in November 2005, paying $11.6 million.

The shopping centre was developed in 1989 by Gulf Pacific Investments Ltd. of Vancouver.