Lotus Capital Invests in Cornwall
November 5, 2025Cornwall Ontario – A prime commerical plaza in Cornwall has a new owner.
The commercial property at 960 Brookdale Avenue, known locally as the Brookdale Centre, has been acquired by Vancouver-based Lotus Capital Corp. from Choice Properties REIT.
“This transaction reflects our disciplined approach to capital deployment and the strength of the relationships that enable us to execute with confidence,” Shenoor Jadavji, founder and CEO of Lotus Capital, said in the announcement. “It is a strong strategic fit within our broader retail thesis and supports our continued expansion into well-established, necessity-based markets.”
Brookdale Centre in Cornwall is anchored by Food Basics and includes a variety of commercial tenants including Reitmans, Penningtons, Play It Again Sports, Dollarama, Scotiabank and Planet Fitness and others. It is also home to the newly renovated Kelsey’s Roadhouse, and other restaurants including Tim Hortons, Guac Mexi Grill and Stacked Pancake House. The property is 13.28 acres, and comprises of just under 140,000 square feet of leasable space. It is 90 per cent leased.
The Cornwall acquistion is the largest of 4 Eastern Ontario properties acquired by Lotus that includes grocery and needs-based shopping centres in the communities of Kingston, Cornwall, Rockland and Hawkesbury.
“These assets complement our growing retail platform and further strengthen our national portfolio,” said Dan Dibadj, vice-president of acquisitions at Lotus Capital. “We remain active in pursuing additional grocery-anchored opportunities that offer durable income and long-term growth potential, and we’re proud to partner with exceptional organizations to continue advancing this mandate.”
Choice Properties retains a large commecial plaza in Cornwall at 31 Ninth Street East.
Financial details of the transaction have not been disclosed.
Lotus Capital holds a portfolio of industrial, commercial, multifamily and retail properties as well as development sites in British Columbia, Alberta, Ontario and in the U.S.. Over its 30-year history, the firm has invested almost $3 billion across North America, representing approximately 14.5 million square feet of GLA.
About the Brookdale Centre and Brookdale Mall
The site was once part of the Brookdale Mall, which opened on November 28, 1968, on land formerly belonging to the Wood family farm. It was once the largest mall in Cornwall and was anchored by Woolco and featured other stoers, movie theaters and restaurants. It underwent a signifcant expansion in 1980 and at the time the site comprised 24 acres. In 1998 Walmart built a stand-alone Walmart store on the property and tore down the original adjoining store. This led to a subsequent conversion of the remaining space to an outdoor retail plaza. In 2023, U-Haul purchased the southern end of the property and established a customer service centre.
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