Industrial Real Estate Remains in Demand

Things may be a little quiet right now with commercial real estate downtown, but there doesn’t seem to be any slowdown in industrial real estate activity.

Fulton Industrial Park is a 210-hectare development east of Calgary off Highway 22X on TWP Road 230 and Range Road 280. It’s 10 minutes from Stoney Trail and fronts the Canadian Pacific main line, within the intermodal switching zone.

Owner Resland Development of Edmonton has sold about 5 hectares to Myshak Crane and Rigging and another 6 hectares to Whissell Contracting. Both companies are moving out of Calgary to take advantage of lower property taxes and no business tax.

Only four lots remain available in the 28-hectare first phase of the 120-hectare Point Trotter Industrial Park  between 68th Street S.E. and Stoney Trail that’s marketed by Walton International Group. The City of Calgary has 24 lots within Phase 1 that will become available but have not yet been released to the market.

Another 54,248 square feet that includes two shops and a 6,500-square-foot office is available along 52nd Street  S.E. Also available is 32,000 square feet on 1.6 hectares, with two floors of office and a 24,000-square-foot shop with two 7.5-ton cranes on 84th Street S.E. and another 19,288 square foot office/warehouse complex on 59th Avenue S.E.

Also in the southeast quadrant, Enerflex has moved back into the building it constructed but sold to Surefire in 2011. The 312,369 square feet became available again and Enerflex made the decision to relocate its three divisions to the attractive building on the prime address that gives good exposure to Peigan Trail and 52nd Street S.E.

Industrial continues to outpace other commercial real estate sectors today.

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