A new business park in southeast Calgary has secured a major national tenant for the project, which broke ground this week.

Canem, one of Canada’s largest electrical contracting firms, will lease 25,000 square feet in the Fairmore Business Park, a seven-acre development located at Macleod Trail and Glenmore Trail near Chinook Centre.

The business park, being developed by Vancouver-based Hungerford Properties, offers tenants an opportunity to either lease or buy space in the project.

“It’s been a long process to find the right property and get the ball rolling,” said Andy Carr, regional vice-president of Southern Alberta for Canem Systems, in a news release. “We’re excited for this to start a new chapter in our 50-year company history.”

He said the new office will almost double its current space, which is located just across the street from the new business park.

Hungerford said the Fairmore Business Park is the only new office and warehouse condo project in south central Calgary and one of the few opportunities to buy new commercial space in the inner city.

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EDMONTON - Overshadowed by a trio of office towers on the rise downtown is a quieter construction boom as owners renovate and rebrand older buildings to attract and keep tenants in a growing market.

The Ledgeview Business Centre is poised to open as the latest redevelopment.

“It’s a new building from where it was a year ago to today,” said Michael Hungerford, a partner at Vancouver-based Hungerford Properties, which bought the building a year ago.

Crews are finishing renovations at the former Capital Place building, at 9707 110th Street, in time to showcase it to commercial real estate brokers at an open house on March 4.

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One of Calgary’s largest buildings will be transformed into a multi-tenant, commercial and industrial hub offering easy access to air, truck and rail transportation, says its new owner.

Hungerford Properties partner Andrew Hungerford says the August purchase of the 761,000-square-foot Haworth Building in southeast Calgary gives the Vancouver-based real estate investment, development and management firm “one of the best buildings of its kind in Canada.”

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