Hungerford Properties Announces Tenants for New Titan Business Park in Regina

Regina, February 9, 2017 – Just three months after launching Titan Business Park, Hungerford Properties is announcing its first new tenants for their redevelopment between Park Street and the Ring Road. Hungerford Properties acquired the 33-acre site in September in one of the biggest industrial deals in the city’s recent history. Over the coming year, the company will be transforming the asset into a new business park, with the refurbishment of 176,000 SF space into modern, Class A warehouse space for the industrial sector. Flexible bay sizes will start at 12,000 SF, with space available up to 176,000 SF, each with multiple dock loading doors and an office component.

This week, the Vancouver-based development company announced it has leased 12,000 SF to Sears and 34,000 SF to Canature Water Group, bringing the total leased space to 27%. Canature is an established Regina business and a global leader in the water business in both Canada and the US. The company designs, manufactures and distributes water treatment products, and are expanding their business within the city into a larger, more efficient space. 

According to President and CEO Don Fettes, their new facility will include 12,000 SF of office space that will serve as their North American headquarters. They will be bringing with them 60 employees and the warehouse space will become one of 5 distribution centres the company runs across Canada and the US. “Titan is a first-class facility for warehousing and distribution. The access for trucks is excellent and the 26 foot clear ceilings will be a real asset for us and for any business in warehousing and distribution.”

“Canature is an anchor tenant taking a prestigious corner. They are a great match to be the first tenant in Regina’s most prominent industrial location,” says Collier’s Internationals Glen Hill. “There’s been a strong interest and many inquiries with a strong belief that this entire business park is well on its way to being an icon in Regina.”

Canature chose Titan because it gives them exposure and a new, state of the art functioning high bay warehouse to meet their growing international needs. Their expansion from an older building represents a 20 percent increase in growth. “Good news for the Regina economy,” says Hill.

“The speed at which we have leased space shows the resilience of Regina’s industrial market,” says partner, Michael Hungerford. “We are repositioning a challenged asset, which is good for the local economy and will help generate more demand and raise the quality of supply.”

Because of the prime location, access and visibility, Titan Business Park will continue to attract a diversity of companies who have historically struggled to find large, quality warehouse space as well as land inside the Ring Road. The site also has 22 acres of excess land for sale, lease or build to suit in 1 - 10 acre parcels, providing some respite from years of limited industrial land supply in the city. 

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Hungerford’s Icon Business Park Expands, Offering Bright Spot for Commercial Real Estate in Calgary

Hungerford Properties has expanded its Icon Business Park with the acquisition of 5 acres of additional land on the corner of 52nd Street and 61st Avenue SE. Icon, a 759,000 SF facility, is one of the city’s largest buildings. Hungerford’s latest announcement of an expansion, as well as several new leasing deals within the building, showcases strong momentum and a bright spot for the city’s commercial real estate market.

Hungerford – which has transformed Icon into a multi-tenanted business hub over the past three years – will be leasing 68,000 SF of warehouse to Robert Thibert Inc, Canada’s leader in the distribution of vehicle accessories. They were attracted to Icon for its accessibility and distribution facilities.

Data Communications Management, Alberta’s largest graphics communications company, is already on site leasing 112,000 SF. They just announced they are expanding at Icon, taking an additional 48,000 SF adjacent to their existing space for additional warehousing. “Icon has been such a great space for our growth that we are excited to be expanding,” says DATA General Manager, Ken Mateshaytis. “It’s exactly what we need to continue improving the way we do business.”

Chep, a global leader in equipment pooling for pallets, is also expanding their presence on site with an office expansion and an additional one acre of yard space.

With these deals, Icon Business Park is now 80% leased. “This is a strong indicator of the quality of real estate and the agility Icon can offer tenants of all different sizes,” says Paul Marsden, VP at Colliers International. “While the industrial real estate market continues to feel the impact of the energy sector, Icon Business Park stands out as an anomaly and continues to find creative ways to meets tenants’ demands.”

Current tenants include ABB, a world leader in power and automation technology, Rolf C. Hagen Inc, a leading worldwide distributor of pet supplies, Data Communications Management, Robert Thibert, Inc. and Chep.

Dubbed “southeast Calgary’s most intelligent workspace,” Icon offers an unprecedented opportunity to lease warehouse and office space. The building’s strategic location takes advantage of Calgary’s growing reputation as a logistics hub for Western Canada and will appeal to manufacturing and logistics enterprises and suburban office tenants.

Remaining available space at Icon ranges from 19,000 to 54,000 SF of warehouse and 23,000 SF of office/restaurant available now. Build to suit retail, restaurant and gas station opportunities will be available for 2018 at Icon Retail Centre, the newly acquired 5-acre land parcel adjacent to Icon.

 For more details, please visit the Icon Business Park website.

Hungerford Moves Ahead with Innovative Development Partnership for Seniors Housing & Market Rentals

Vancouver, October 20, 2016 – Hungerford Properties is now officially moving ahead with plans to build a 161-unit development, including 44 new seniors housing suites as part of an innovative, new redevelopment near Boundary and Kingsway. A public hearing for the site passed unanimously this week, paving the way for a unique partnership between the non-profit Odd Fellows Low Rental Housing Society, Terra Special Projects, GBL Architects, the City of Vancouver and Hungerford Properties.

The redevelopment of the property at 3595 Kingsway, from an aging, dilapidated seniors residence called Odd Fellows Manor into a new, vibrant, six storey, mixed-use development, will not only provide 44 brand new, high-quality, affordable homes for seniors, it will also provide 117 affordable rental apartments and commercial units on the ground floor.

As one of the first developers to combine social housing and market rentals in this unique partnership under the city’s new Rental 100 program, Hungerford Properties is proud to be part of the solution to the affordable housing shortage in Vancouver. The Rental 100 program encourages the development of projects where 100% of the residential units are rental, with capped rental rates. The policy targets moderate-income households, and will help the city reach its goal of creating 5,000 new units of market rental housing by 2021.

“This project represents a positive partnership between the city, a non-profit, a private developer and a social purpose real estate consulting firm,” says Michael Hungerford, a partner at Hungerford Properties. “We are grateful to have so much support in moving this project forward. We may be one of the first such developments in the city, but there will be more to come.”

By partnering with a real estate developer, the Odd Fellows Low Rental Housing Society will be replacing an aging seniors’ housing facility at no cost, while continuing to provide affordable homes for its residents. The Odd Fellows Society will own its non-market units and Hungerford will retain the market-rental homes through a strata arrangement. Odd Fellows residents will be relocated under a city program and current residents will have first right of refusal to move back into the new homes.

“Hungerford’s development expertise and financial capacity have been instrumental in getting the project to this stage,” says Hugh Forster, partner at Terra Special Projects, the consultancy firm that put together this deal. “We are confident that together we will deliver an excellent project and the model we used for this has been so successful, we will be using it again with other non-profit land owners in the future.”

There is very limited new product being built for low-income seniors, he said. This new development partnership allows the project to happen at no cost and no risk to Odd Fellows. “It’s been a great partnership and we are happy to be moving forward to replace the building because it’s on its last legs,” says Marie Olsson, the interim CEO for Three Links Care Society that manages Odd Fellows Manor. “The new facility will allow us to continue to provide safe, clean and affordable housing to seniors on a low, fixed income.”

Construction will be starting in Spring, 2017, with completion scheduled for 2018.

Sears Warehouse on Ring Road Demolished to Make Way for New Business Park

Regina, September 13, 2016 – Hungerford Properties has just acquired 33 acres in the industrial heart of Regina in one of the biggest industrial deals in the city’s recent history. Over the coming year, the Vancouver-based development company will be transforming the iconic Sears warehouse into a new business park development between Park Street and Ring Road. The redevelopment, called Titan Business Park, will see the refurbishment of 176,000 SF space into modern, Class A warehouse space for the industrial sector.  

This week, demolition will commence to a portion of the old Sears warehouse and construction will begin to refurbish the existing warehouse. “This is a once-in-a-lifetime opportunity for a large redevelopment, particularly for businesses looking for large warehouse space within the city,” says Collier’s International Glen Hill. “Because of the prime location, access and visibility, this new business park is going to attract and accommodate all sorts of users. It’s good news for businesses in this city who have struggled for years to find large, quality warehouse space as well as land inside the Ring Road.”

The newly refurbished, state-of-the-art warehouse will be leased to a single user or demised for multiple tenants. Additional dock doors are being added to an already high-quality, well-maintained building with skylights, 26 foot clear ceiling heights, extensive glazing and a high capacity floor load, features rarely seen in the Regina market. Flexible bay sizes will start at 12,000 SF, with space available up to 176,000 SF, each with multiple dock loading doors and an office component. 

“We are excited to offer what has been missing in Regina for a long time – larger warehouse space for growing companies,” says Michael Hungerford, whose company has a proven track record developing and transforming industrial parks across Western Canada into vibrant, new business hubs. “It’s a highly desired, triple-A location inside the Ring Road, close to retail and major highways. Our investment in Titan Business Park will transform an iconic building into a new business centre.” 

The 33-acre site will also have 22 acres of excess land to be offered as build to suit, lease or sale in 1 - 10 acre parcels, providing some respite from years of limited industrial land supply in the city. The end result will be a new business park and an exciting opportunity for businesses to take advantage of the site’s excellent location, quality and flexibility.

“Titan Business Park will bring new businesses and vibrancy into the area and create a legacy for the future economic health of the city,” says Hill. “It’s going to be a major player for the next few years and will spur additional industrial growth because of the sudden availability of land in such a desirable area.” 

Approximately 96 - 98% of the high bay warehouse will be recycled, with nearly all the concrete being recycled and re-used on site. All the steel, copper and cast iron will be recycled off-site. That means almost all the material from the demotion will be diverted from the landfill. 
The new business park, at 855 Park Street, is now available for lease. In addition to leasing opportunities in the existing building, there are also land lots for sale and build to suit opportunities on the excess land. Regina residents can look forward to future announcements in the coming months. 

Vancouver, October 19, 2015 – Hungerford Properties has refurbished a historic warehouse in Mount Pleasant and next week, it will see the launch of Q Shi Q, an innovative 30-seat Japanese BBQ restaurant and sake bar. What was once a noodle factory until 2005 then became a product testing facility for MEC. Now in its third incarnation in 8 years, the 68-year-old building is being transformed into a spectacular, edgy restaurant, the latest retail announcement in the rapidly evolving neighborhood.

Inspired by Japanese counter culture, the interiors have been completely renovated featuring high ceilings, exposed timber beams and a graphic mural spanning the length of one wall. The exterior façade, made of corrugated steel in a herringbone pattern, is inspired by minimalist Japanese design and adds a significant artistic architectural flare to the street.

“We wanted a space that could combine light industrial with modern counterculture Japanese design and this building offered a good blank canvas for our designers,” says Q Shi Q owner, Duane McGaw. “The esthetic of the exterior fits into neighborhood but is also very unique. We wanted to shake things up and the environment is just the starting point. That’s why we chose this space – because the whole neighborhood is going through a transformation and there’s a concentration of new businesses coming into the neighborhood - young professionals in tech industry - and that’s our clientele.”

Next door, another Hungerford building will soon be home to Double Negative (DNeg), one of the world’s major producers of visual effects for the film industry, with branches in London and Singapore.

“It has the feel of Gastown and Railtown at a fraction of the cost,” says Matthew MacLean, VP of Commercial Leasing with Cushman Wakefield. “There’s a lot of restaurants now looking in the neighborhood for the same concept - retail in front, manufacturing in the back. It’s a concept that’s making the neighborhood more vibrant because we have this shift to a truly eclectic mix of office, industrial and more cutting edge, hip businesses.”

Terra Breads was the first to combine retail and manufacturing in the area. The Juice Truck followed suit and now coffee roasters and craft breweries with beautiful retail showcases in front of manufacturing and distribution spaces have moved in to create a vibrant animation on the streets.

Q Shi Q is located at 159 West Fourth, near Olympic Village, with ample parking. The new restaurant is set to open on Friday, October 23rd.

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