RioCan sells Sault property

RioCan has an agreement to sell one of three properties the real estate investment trust owns in Sault Ste. Marie.The Toronto-based company is selling its commercial real estate holdings in secondary markets and focusing instead on six major Canadian centres including Ottawa, Montreal and Vancouver.RioCan has owned Cambrian Mall, Churchill Plaza and Pine Plaza since the late 1990s.The sale agreement was announced by the company in a release on Wednesday morning prior to a conference call with an