Centre 149
Edmonton
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.
