Hungerford Buys Former Maple Leaf Foods Facility in Winnipeg

Hungerford Properties has made its first foray into Winnipeg with the acquisition of a former Maple Leaf Foods facility sitting idle since 2008.

“It fits very well with a common theme in many of our investments, which is to refurbish and reposition existing assets,” said Hungerford Properties partner Michael Hungerford.

The property, rebranded as Meridian Business Park, was purchased two weeks ago for an undisclosed price.

It includes a 121,000-square-foot building completed in 1998 and 13 acres of additional land in a commercial and industrial hub in the St. Boniface area that offers easy access to major transportation routes, including Lagimodiere Boulevard, Regent Avenue, Mission Street and Dugald Road.  

“It was well-conceived and state-of-the-art in its day when it was built,” said Hungerford. “It needs some capital and needs an owner that’s willing to put some money into it to make it relevant for today’s market.”

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New Lease on Life for Old Meat Plant

A B.C. real estate developer has big plans for a former Maple Leaf Foods hog plant in St. Boniface.

Hungerford Properties of Vancouver plans to spend an undisclosed sum of money to convert the sprawling, 121,000-square-foot facility on Warman Road into a multi-tenant Meridian Business Park. It could include a mix of office, warehouse, manufacturing and logistics/distribution space, depending on market demand.

Hungerford partner Michael Hungerford said although it's possible one tenant could lease the building, a more likely scenario is multiple tenants each leasing a portion of the facility.

"I think we have to keep an open mind in a repositioning like this. We want to listen to the market and talk to as many businesses as we can and see if we can create a space that works for them," he explained.

"But we think the building is well-suited for manufacturing, for logistics and distribution, and for companies of different sizes -- anywhere from 20,000 to 120,000 square feet. It's really going to depend on the market."

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