A value-add and strategic leasing play

The site at 201 Spa Road presented a unique opportunity: a tired, non-compliant ex-PGG Wrightson asset, acquired “as-is” at a value price. The challenge was to unlock its potential—overcoming compliance hurdles, structural shortcomings, and positioning the property for sustained growth.

Scarborough Group designed and executed a transformation plan. Compliance upgrades, structural improvements, and subdivision works repositioned the site. By focusing on tenant appeal and long-term viability, Scarborough Group secured two strong tenants: A fuel station on a 15-year lease and retail on a long-term lease.

The results speak for themselves: the property’s value is projected to increase by 250% within five years. The investor chose to retain ownership, benefiting from reliable rental income and long-term growth. Strategic vision and precise execution turned a challenged property into a resilient, high-performing asset.