RENX.ca - Hungerford building new Calgary industrial park

Posted on November 16, 2016

20161117

Hungerford Properties has acquired an empty Calgary building from the Southern Alberta Institute of Technology (SAIT) that it will transform into Mayland Heights Industrial Park.

"The building has been on our radar for years," said Hungerford partner Michael Hungerford. "It's an extremely well-built building and we always look for good bones when wee buying property."

The 109,326-square-foot building was originally constructed in 1966 by the Alberta Liquor Control Board and used as a liquor warehouse and distribution facility. SAIT took the building over and used it for classrooms for about 30 years until it was shuttered two years ago.

The corner property at 2015 Centre Ave. SE is a 10-minute drive from downtown Calgary in an industrial neighbourhood that offers good access to amenities, light rail transit, highways and Calgary International Airport.

The warehouse has 23-foot clear ceilings and eight drive-in doors and two dock doors for loading. There are 180 parking stalls as well as space for trailer parking.

The six-acre property includes 1.9 acres of excess land that can be used for extra storage, parking and, once the main building is leased, additional light industrial development.

Hungerford acquired the property for an undisclosed price and knows the area well since it also owns the Champion Business Centre, a former Sears distribution centre, a few blocks away. The Vancouver-based company also developed the nearby Nexus Business Centre, an office and warehouse condominium project of approximately 100,000 square feet.

JLL is the listing agent and will market Mayland Heights Industrial Park. Hungerford said the company is talking to potential tenants and hopes to announce leasing deals soon. He expects a mix of distribution and light manufacturing tenants to take up spaces ranging from 4,000 square feet and up.

Read the full article here: https://renx.ca/hungerford-bui...

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