Buyer interested in Sault's Metro Plaza

An asset manager focused on grocery-anchored and last-mile industrial properties wants to buy the owner of the north-end shopping plaza that’s home to Metro and Princess Auto. Axia Real Assets is offering $5.28 per unit of Plaza Retail REIT. “ Axia believes the proposed transaction remains compelling – delivering a significant premium and immediate liquidity to holders of units,” the Toronto-based company said in a release. Axia noted Plaza Retail REIT has not increased