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Alberta & Prairies  + Retail  |  September 28, 2026
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By: Joel Bowey

Salthill Buys 175K-SF Calgary Grocery-Anchored Shopping Centre

Salthill Capital has acquired Sage Hill Quarter, a 175K-SF shopping centre in northwest Calgary that is in the middle of a grocery-anchor transition.

The deal was announced over the weekend. No purchase price, cap rate or closing date was provided.

Built between 2019 and 2021, the centre at 455 Sage Valley Dr. N.W. was developed and previously owned by Ronmor Developers. Shoppers Drug Mart anchors the property, while FreshCo is preparing to open in the space vacated by Calgary Co-op in March.

FreshCo’s arrival was already public before Salthill announced the acquisition, with Sobeys hiring for the Sage Hill store in August. Salthill now lists FreshCo among the centre’s anchors and says the store is opening soon.

Earlier leasing material described Sage Hill Quarter as nearly fully leased. Other tenants include Anytime Fitness, restaurants and medical clinics.

The retail forms part of a broader mixed-use development that also includes Q Condos, a sold-out 173-unit project completed in two phases between 2021 and 2023. The centre also sits amid continued residential growth in Sage Hill and nearby Glacier Ridge.

CBRE’s Richie Bhamra and Geoffrey Mar brokered the transaction.

Read More News Stories About: CBRE
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About Joel Bowey

Joel Bowey is Director of Content and Events for Connect CRE in Canada, leading the company’s editorial coverage and industry engagement across the Canadian commercial real estate market. He brings more than 20 years of experience in Canadian journalism and digital media, including senior leadership roles with CTV News, CP24 and BNN Bloomberg. Most recently, he served as Senior Managing Editor at Bell Media, overseeing major newsrooms, national coverage and digital growth initiatives. Throughout his career, Joel has led large editorial teams, covered major Canadian business and economic stories, and helped develop new audiences across platforms. At Connect CRE, he is focused on delivering timely, useful reporting on the people, projects, deals and trends shaping commercial real estate in Canada. Based in the Greater Toronto Area, Joel also represents Connect CRE at industry events and conferences across the country.
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