First Capital Realty completes joint acquisition of development lands including the former Molson Brewery site in Edmonton,

First Capital Realty completes joint acquisition of development lands 
including the former Molson Brewery site in Edmonton, Alberta 
TORONTO, March 4, 2013 /CNW/ - First Capital Realty Inc. ("First Capital 
Realty" or the "Company") (TSX: FCR), Canada's leading owner, developer and 
operator of supermarket and drugstore anchored neighbourhood and community 
shopping centres, located predominantly in growing urban markets, announced 
today that it has completed the acquisition with its equal joint venture 
partner, Sun Life Assurance Company of Canada ("Sun Life"), of two contiguous, 
prime development land parcels totalling 14.3 acres, one of which is the site 
of the former Molson Brewery in Edmonton, Alberta. 
The proposed retail and mixed use development at the intersection of 104(th) 
Avenue and 121(st) Street, in the heart of Edmonton's developing new urban 
corridor, will be an exciting, comprehensive development along one of the most 
important east-west thoroughfares in central Edmonton. Once developed, the 
retail and mixed use property is expected to be directly linked to the planned 
120(th )Street Station on the West LRT line (light rapid transit) and include 
retail space anchored by a high-end grocery store, a drugstore and a fitness 
facility, together with other uses. First Capital Realty will act as developer 
on behalf of the co-owners and will be responsible for all leasing and 
property management of the project. The aggregate purchase price of $32.3 
million for the combined site (at 100% interest) including closing costs was 
satisfied in cash. 
"This acquisition is directly in-line with our strategy to invest in 
supply-constrained urban markets", said Dori Segal, President and Chief 
Executive Officer. "In particular, we are pleased to expand our relationship 
and once more join forces with Sun Life to acquire and develop the site 
including the former Molson Brewery in Edmonton. This unique urban land parcel 
represents an attractive development opportunity." 
ABOUT FIRST CAPITAL REALTY (TSX: FCR) 
First Capital Realty is Canada's leading owner, developer and operator of 
supermarket and drugstore-anchored neighbourhood and community shopping 
centres, located predominantly in growing urban markets. The Company currently 
owns interests in 177 properties, including five under ground-up development, 
totalling approximately 25.0 million square feet of gross leasable area and 
three sites in the planning stage for future retail development. 
Forward-Looking Statements 
This press release contains forward-looking statements and information within 
the meaning of applicable securities law. Forward-looking statements can be 
identified by the expressions "expects", "believes", "estimates", "will", 
"anticipates" and similar expressions. The forward-looking statements are not 
historical facts but reflect the Company's current expectations regarding 
future results or events and are based on information currently available to 
Management. Certain material factors and assumptions were applied in providing 
these forward-looking statements. 
Management believes that the expectations reflected in forward-looking 
statements are based upon reasonable assumptions; however, Management can give 
no assurance that the actual results or developments will be consistent with 
these forward-looking statements. These forward-looking statements are subject 
to a number of risks and uncertainties that could cause actual results or 
events to differ materially from current expectations, including the matters 
discussed under "Risks and Uncertainties" in the Company's Management's 
Discussion and Analysis in its 2012 Annual Report and under "Risk Factors" in 
its current Annual Information Form. Readers, therefore, should not place 
undue reliance on any such forward-looking statements. Further, a 
forward-looking statement speaks only as of the date on which such statement 
is made. First Capital Realty undertakes no obligation to publicly update any 
such statement or to reflect new information or the occurrence of future 
events or circumstances except as required by applicable securities law. 
All forward-looking statements in this press release are made as of the date 
hereof and are qualified by these cautionary statements. 
Dori J. Segal, President & CEO, or Karen H. Weaver, EVP & CFO First Capital 
Realty Inc. 85 Hanna Avenue, Suite 400 Toronto, Ontario, Canada M6K 3S3 Tel: 
(416) 504-4114 www.firstcapitalrealty.ca 
SOURCE: First Capital Realty Inc. 
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CO: First Capital Realty Inc.
ST: Ontario
NI: REL MNA  
-0- Mar/04/2013 21:12 GMT
 
 
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