Leaderpost.com - Hungerford has big plans for Titan Business Park

Posted on August 15, 2016

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For its first foray in the Regina real estate market, Hungerford Properties is making a big splash with Titan Business Park, a multi-million-dollar redevelopment of a 176,000 square-foot warehouse and 33-acre property formerly owned by Sears Canada, says Michael Hungerford, a partner in the family owned, Vancouver-based property development company.

“It presents a great opportunity for us to make a statement to the (Regina) market, that we’re committed to the market and that we believe in making strong, long-term commitments like this property represents,” Hungerford said in an interview Monday. “Where some people see challenges, we see opportunities.”

Hungerford Properties was initially attracted to the Sears warehouse and distribution centre by its location, namely 33 acres of prime property in the heart of Regina’s industrial district, Ross Industrial Park, which is close to major highways and rail lines.

“That flexibility is important to attracting tenants, whether it’s extra yard (space) that they need or to able to bring more businesses into the city by providing subdivided parcels of one to 10 acres.”

But the key to the deal is the 176,000-square-foot warehouse facility that will form the nucleus of Titan Business Park. “It’s a fantastic, high-quality building that we’re going to be improving and bringing to the market for multiple tenants.” The plan is to reconfigure the existing warehouse building into smaller spaces — 12,000 square feet and up — and make them available to industrial or commercial tenants. “For larger users and for small businesses, we’ve got the flexibility to accommodate them all. That’s part of our strategy.”

Read more here: http://leaderpost.com/business/local-business/hungerford-has-big-plans-for-titan-business-park

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