Objective

To meet the complex commercial real estate revenue requirements of our client – one million sf. of multi-bay and multi-tenanted industrial space complete with yard in South East Edmonton.

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Solution

Rather than try to acquire hard to find revenue producing real estate throughout the city, we custom developed a real estate investment property that met all of the clients needs.

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  • Procured land that was on the cusp of the next area to be developed in Edmonton.
  • Facilitated a joint venture agreement and brought a third party pension fund into the investment.
  • Leveraged the needs of our client into a strategic investment for all parties involved.
  • Met the parameters of cost, size, development time, environmental constraints and budget.
  • Developed new commercial space for lease in Edmonton and a profitable real estate investment property for our client.

  • Led the market on creating multi-bay and multi-tenant industrial space with yard in southeast Edmonton.
  • Negotiated agreements with utility companies to accommodate the requirements for the three high-pressure gas lines on the property.
50th Street Business Park is an 11 building industrial complex comprised of high quality investment property, featuring 24 and 28 foot ceiling heights, dock loading, natural grade loading and a modern design with a total leasable area of 947,548 sf. as well as 317,645 sf. of yard.

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Result

A high quality revenue investment that continually exceeds its yield targets.

50th Street Business Park is a prime example of our collaborative and strategic approach to filling gaps in the market with long-term, highly profitable projects.

Details / Specifications

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  • Acreage – 90 acres
  • Location – SE Edmonton
  • Scope – 11 buildings (975,000 approx. sf.)