IMPERIAL EQUITIES COMPLETES BUILDING PURCHASE

About this update from Imperial Equities Inc.

[{"type":"text","content":"\n\n\n\n Feb. 9, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nEDMONTON, Feb. 9 /CNW/ - Imperial Equities Inc. (TSX-V:IEI) today announced that it has completed\n the purchase of the RuhrPumpen Building at 2887 Parsons Road in\n Edmonton, Alberta. The property is located immediately North of the\n Edmonton Research Park and South Edmonton Common in the Parsons\n Industrial area and is one of the most sought after industrial\n locations in Edmonton. The $2.250M purchase price was financed through\n existing cash flows and a new conventional mortgage.\n\n\nSituated on the property is a 12,500 square foot fabrication facility\n with multiple Landlord owned cranes. The tenant, RuhrPumpen Inc.\n operates in 20 countries around the globe. Ruhrpumpen is an innovative\n and efficient centrifugal pump technology company that offers operators\n of pump systems a wide range of quality products. They are committed to\n worldwide excellence with a complete range of pumps to support core\n markets which are oil & gas, chemical, power, industrial applications,\n water and mining.\n\n\nWith 99 Street (Parsons Road) being a major North/South thoroughfare and\n connecting South to 23rd Avenue, Ellerslie Road and the Queen Elizabeth II, this property is an\n exceptional future build to suit development site. "Imperial was\n fortunate to acquire a great building with a large presence along 99\n Street. This type of property will continue to generate income for our\n Company but more importa...

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