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Imperial Equities Announces Multi Million Dollar Transaction to Purchase Edmonton's Russell Hendrix Building
Imperial Equities Announces Multi Million Dollar Transaction to Purchase Edmonton's Russel...
About this update from Imperial Equities Inc.
[{"type":"text","content":"\n\n\n\nImperial Equities Announces Multi Million Dollar Transaction to Purchase Edmonton's Russell Hendrix Building\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, March 9, 2020\n\n\n\nEDMONTON, March 9, 2020 /CNW/ - Imperial Equities Inc. (\"Imperial\") today has announced it has finalized the purchase of the Russell Hendrix Building in West Edmonton. The transaction is expected to close on March 31, 2020, and is valued at $7,360,000.  \nThe 71,381 square foot industrial warehouse sits on 2.96 acre site, and is home to the Edmonton region distribution activities of Russell Hendrix, Canada's largest restaurant equipment dealer.   \n\"We are pleased with this transaction and the opportunity to secure an industry leading tenancy with a company that has deep roots in Western Canada,\" said Sine Chadi, CEO Imperial Equities. \"This is a solid investment with a strong tenant covenant that both supports our desire to see more industry-based diversification in our investments and adds an immediate contributor to our bottom line.\"  \nAbout Imperial Equities Inc.:\nBased in Edmonton, Alberta, Imperial Equities Inc. is a publicly traded company anchored by industrial, commercial and agricultural real estate properties in its targeted markets throughout Western Canada.  Additional information is available at: www.imperialequities.com. Imperial's common shares are listed on the TSX Venture Exchange under symbol IEI.\nNeither TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.\nSOURCE Imperial Equities Inc.\n\n\n\n View original content: http://www.newswire.ca/en/releases/archive/March2020/09/c0416.html\n\n\n\n\nEditorial Contact: Sine Chadi, CEO, Imperial Equities Inc., Phone: 780 424-7227, Email: [email protected] CNW Group 2020","length":3429,"tagName":"div"}]