RENX.ca - Hungerford to redevelop Sears’ Regina warehouse

Posted on August 18, 2016

Hungerford Properties has taken advantage of Sears Canada’s real estate selloff and acquired its first Saskatchewan asset, a 33-acre site in Regina that includes a 176,000-square-foot warehouse.

Hungerford Properties“It’s located within the Ring Road and not only is it a great quality building, but it has over 22 acres of excess land which we’ll also be offering to the market in smaller chunks of one to 10 acres,” said Hungerford partner Michael Hungerford of the property at 855 Park St. that’s been renamed Titan Business Park.

“That will eventually bring a lot more employment and business to the area. Sears has been in downsizing mode in recent years and we’ll be invigorating the site with a lot more business activity and investment.”

The warehouse that’s the centrepiece of the property — which was acquired for a reported $28 million, according to the CBC — features skylights, 26-foot clear ceiling heights, extensive glazing and a high capacity floor load. Additional dock doors are being added. Flexible bay sizes will start at 12,000 square feet, with space available up to 176,000 square feet, each with multiple dock loading doors and office components.

Click here to read more: http://renx.ca/hungerford-redevelop-sears-regina-warehouse/