* Acquisition price values property at about $39.5 million
* Announce acquisition of a 40 percent interest in Thickson Place, located in Whitby, Ontario
* Acquisition of Thickson Place was funded through trust’s existing cash resources and debt arranged on Whitby Mall
* As a result of acquisition, trust will increase size of its current portfolio by about 11 percent to $157 million.
* Thickson Place and Whitby Mall will each be managed by First Capital Realty Source text for Eikon: Further company coverage: