Centre 149


Multi-Tenant Industrial on 4.9 Acres

Value-Add Program Completed:

  • Increased value of 87,208 square foot asset by rezoning property from Medium Industrial to Business Industrial and leased large vacancy to Great Canadian Liquor Store in a 10,000 square foot lease transaction;
  • Demised remainder of building fronting high traffic 149th Street to individual retail units and leased to service/commercial type users at double digit lease rates;
  • Completed capital projects including new sidewalks, new roofs, upgraded exterior fascia, new asphalt to parking/loading areas;
  • Implemented standardized tenant fascia signage and installed new monument directional signage;
  • Actively managed tenants through renewals, relocations, expansions and re-tenanting;
  • Purchased June 2007 $7,050,000;
  • Sold June 2017 $10,850,000.