Business
Major Land Sale in New Kamloops Light Industrial Park Signals Strong Momentum
(TheNewswire)   March 31, 2026 – TheNewswire - Kamloops, B.C. Comet Industr...
About this update from Comet Industries Ltd.
[{"type":"text","content":"Major Land Sale in New Kamloops Light Industrial Park Signals Strong Momentum \n(TheNewswire)\n\n \n\n\nMarch 31, 2026 – TheNewswire - Kamloops, B.C. Comet\nIndustries Ltd. (“Comet\nIndustries”) is pleased to announce that\nmomentum continues to build for property at Iron Mask Industrial Park\n(“IMIP”) following the successful sale of a 24.2-acre parcel,\nrepresenting approximately 22 acres of usable industrial land in a\ntransaction valued at $22 million.\n\n\n \n\n\nThe investment highlights the demand for premium\nindustrial land in the region and is another milestone in the ongoing\ndevelopment of the industrial park, which is emerging as a key hub for\nbusiness growth in the Kamloops area.\n\n\n \n\n\n“This sale is a strong signal of confidence in both\nIMIP and the Kamloops market,” said Mike O’Reilly, President and\nCEO of Comet Industries. “This sale reinforces to our team that we\nhave created an opportunity for light industrial land that not only is\nfulfilling a demand but is also helping to support businesses looking\nto grow in Kamloops.”\n\n\n \n\n\nLocated in a strategic corridor with strong\ntransportation access, IMIP is a 190-acre light industrial development\ndesigned to support a range of light industrial and commercial users\nwhile helping to strengthen the region’s economic base.\n\n\n \n\n\nAccording to Blake Gozda, Senior Vice President Canada\nwith Cushman & Wakefield, one of the commercial brokers on the\nsales team for IMIP, the transaction represents more than just a land\nsale.\n\n\n \n\n\n“This is a major step forward for the development,”\nshared Gozda. “Our office has continued to see the interest in Iron\nMask Industrial Park continue to grow as companies recognize the value\nof large, serviced industrial land in a well-connected location. Deals\nlike this 24.2-acre parcel demonstrate the confidence the market has\nin the long-term vision of the industrial park and the community of\nKamloops.”\n\n\n \n\n\nWith the sale completed, development activity at IMIP\nis expected to accelerate as additional parcels move toward market and\nother businesses look to establish operations in the area.\n\n\n \n\n\n“We look forward to advancing to the next st...