Western Canada’s Distribution Hub
Located immediately north of the City of Calgary in Rocky View County, High Plains Industrial Park spans over 1,100 acres and can accommodate business of nearly any size. High Plains is home to many regional distribution center customers including Sobeys (1.3 MSF), Smucker Foods Canada (395,000 SF), and Gordon Food Service (275,000 SF). Additionally, nearby Rocky View County regional distribution centers include Walmart (1 MSF), Petco, and Costco.
RENX.ca – Mario Toneguzzi, April 12, 2019
Industrial property in Calgary remains a hot commodity, as illustrated by two recent transactions involving three buildings, and the city’s largest tract of undeveloped industrial development land.
“From the investment community point of view, we’re a top city in which investors look at placing money in. You know, historically it’s been Toronto, Vancouver, and then Montreal and Calgary,” said Matt Binfet, executive vice-president and partner with commercial real estate firm Colliers International in Calgary.
“That trend is going to continue to go forward. I think it’s only going to get better if we get a change in government both provincially and federally (during upcoming elections) and get the oil flowing again.
“The vast majority of real estate is institutionally owned in Calgary, so when product does come available there’s usually a good buying pool for that product. Calgary historically has always been a great place to invest.”
CBRE finds ‘promising indications that commercial real estate conditions in the city look to be improving’
– CBC News · Posted: Apr 02, 2019 8:05 AM MT | Last Updated: April 2
Warehouse sector thriving
By contrast, the report says Calgary’s warehouse distribution sector is thriving, a reflection of the national trend to accommodate the shift to online shopping. CBRE noted a large uptake in commercial warehouse space in the first quarter of 2019 by some major retailers, including Home Depot, which took a lease for a 418,346 square feet for an e-commerce fulfillment centre in the High Plains Industrial Park.
“Calgary’s industrial market, which has logged nine consecutive quarters of positive net absorption, had a further 649,080 square feet of space taken up in the first quarter of 2019,” the report says.
Another 2.1 million square feet of industrial space is under construction and slated for completion this year.
“Both Calgary’s office and industrial markets are offering promising indications that commercial real estate conditions in the city look to be improving at long last,” the report says.
Mario Toneguzzi, Published on May 12, 2018
An area in Rocky View County, just north of Calgary’s city limits, that has seen stupendous growth over the past decade with giant warehouses and distribution centres, retail outlets and other commercial real estate developments springing from the ground. Basically, Balzac has gone from a gopher pasture to a much sought-after area that has attracted the likes of corporate giants Walmart and Amazon.
And there’s more to come. Research by the County indicates only 25 to 30 per cent of the land has been built out. So hold onto your hats, more’s to come.
I was curious what four of the top real estate people, who deal in the area, think of why Balzac has become a magnet for commercial real estate development… read more >
Calgary Herald, September 28, 2017
Each day I’m asked if I see any signs of the local economy climbing out of this recession, and my answer is ‘yes’ — backed up by the amount of investment into this city by people and companies confident in its future. Several recent real estate deals and developments speak to this.
Bentall Kennedy, one of North America’s largest real estate investment advisers, with locally owned Highfield Investment Group and Hillwood Investment Properties of Texas, plans to build a 400,000-square-foot industrial facility in the High Plains Industrial Park at Balzac.
Metro News, September 15, 2017
Calgary’s potential as inland port buoys commercial real estate market
Real Estate News EXchange, September 14, 2017
Bentall Kennedy, partnering with the Highfield Investment Group and Hillwood, is moving forward on a 400,000-square-foot facility in Balzac, situated in Rocky View County just north of Calgary’s city limits. The Calgary region’s first major speculative industrial development since 2015 is a clear sign the city has come out of its economic doldrums and is on the path of recovery, its backers say.