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. 

For more information, please visit www.titanbusinesspark.com 

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