In a LinkedIn post, RYCO Properties Ltd., a Calgary-based real estate development and commercial property company, announced the acquisition of Marlborough Mall, which it described as “a landmark destination in northeast Calgary.”
RYCO said it acquired the property with a clear vision: invest in the community, strengthen the tenant mix, and transform Marlborough into a vibrant destination that reflects the energy and potential of northeast Calgary.
The mall was previously owned by Primaris REIT. It originally opened in 1971.
David Lees, Executive Vice President at Cushman & Wakefield, represented RYCO in the transaction.
“Marlborough Mall is the flagship of the RYCO portfolio and one of northeast Calgary’s true regional destinations. At 385,000-plus square feet on 47 acres, with an LRT station at the door and a catchment reaching across the entire quadrant, it draws daily traffic that neighbourhood centres simply cannot match,” explained the company on its website.
“The centre is fully leased and held for the long term: a stable, income-producing cornerstone asset. Its scale, transit access, and decades of standing in the northeast make it one of the most resilient retail positions in the city.”
Located steps from the Marlborough C-Train Station and minutes from downtown, Marlborough Mall occupies one of the most connected and strategically positioned sites in the city. For generations, it has served as a gathering place for local residents, families, and businesses, added RYCO on its social media post.
“We believe Marlborough’s best days are ahead,” said Ryan Sidorsky, President of RYCO Properties. “This community has incredible momentum, strong families, growing businesses, and a deep sense of pride. Our goal is to invest in that future and create a destination that people are excited to visit, support, and enjoy.”
RYCO said its investment strategy focuses on property improvements, new retail opportunities, enhanced customer experiences, community programming, and long-term destination development. Additional announcements regarding tenants, events, and future enhancements will be made in the coming months.
The company said its vision is simple: create a safe, welcoming, and energetic destination where residents choose to gather, shop, dine, and connect.
“Marlborough has always been an important part of Calgary,” said Sidorsky. “We’re committed to helping it recapture its energy and realize its full potential as a destination for families, businesses, and the broader community.”
RYCO Properties has its roots dating back to 1965. It owns and manages more than 1 million square feet of commercial real estate and over 700 acres of development land across Calgary and southern Alberta.
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