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Imperial Equities Completes the Purchase of Wajax Building in Red Deer, Alberta
Imperial Equities Completes the Purchase of Wajax Building in Red Deer, Alberta ...
About this update from Imperial Equities Inc.
[{"type":"text","content":"\n \n \n \n Imperial Equities Completes the Purchase of Wajax Building in Red Deer, Alberta\n \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 Canada NewsWire\n \n \n \n \n \n EDMONTON, AB\n \n ,\n \n March 31, 2021\n \n /CNW/ - Imperial Equities Inc. (\"Imperial\") today has announced it has finalized the purchase of the Wajax Building in\n \n Red Deer, Alberta\n \n . The transaction, which closes\n \n March 31, 2021\n \n , is valued at\n \n $9.3 million\n \n .\n \n \n \n \n \n \n \n \n \n The 34,811 ft\n \n 2\n \n industrial building is situated on a 4.72 acre site (collectively \"the Property\") within the Queen's Business Park, a 640-acre industrial development area located along Highway 11A, with easy access to the Queen Elizabeth II Highway,\n \n Alberta's\n \n busiest highway corridor. The property is fully leased to Wajax Limited, a publicly traded corporation which operates more than 100 branches across\n \n Canada\n \n and represents a wide range of leading world-wide manufacturers.\n \n \n The precast concrete building was custom built for the Wajax in 2019, containing 34,811 ft\n \n 2\n \n of total space, including 10,811 ft\n \n 2\n \n of office space.  The 24,000 ft\n \n 2\n \n warehouse includes 1 dock door and 17 extra wide grade doors which are positioned to create drive-through bays. The building features two craneways and four 10-ton cranes spanning the length of the warehouse.  It also features an SBS roof that extends beyond the north wall to provide a covered storage or work area which can easily be converted to create an additional 6000 ft\n \n 2\n \n warehouse expansion.\n \n \n \"We are so pleased to have acquired this quality Property and tenancy in\n \n Red Deer\n \n and to once again extend our geographic footprint and our relationship with a top-tier tenant,\" said Sine Chadi, CEO Imperial Equities. \"This acquisition is Imperial's first major transaction for 2021 and is indicative of our vision of stable and sustainable growth.\"\n \n \n \n About Imperial Equities Inc.:\n \n \n \n Based in\n \n Edmonton, Alberta\n \n ...