Business

Canadian Business Journal, Old Pipe Manufacturing Site Becomes Multi-Phase Business Park

GLOBE NEWSWIRE, Alberta, June 23, 2022 — Anthem acquired 95 acres of major industrial land in southeastern Calgary. This is the latest in a series of acquisitions from the company’s newly formed industrial team. Since August 2021, Anthem’s industrial portfolio in Calgary has acquired five existing industrial ownerships, totaling over 650,000 square feet of total leasable area and approximately 290 acres of industrial development land. It has grown over 375%.

Anthem’s pace of growth is a testament to their belief in the industrial market in Alberta, where demand for manufactured goods has increased and vacancy rates have been the lowest since 2014.

“Regional and national distributors and logistics companies are looking to Alberta,” said Sean Day, Anthem’s Vice President of Industry. “Calgary is currently the hottest for the industry due to its excellent transportation infrastructure, low living costs, young and dynamic population, availability of developable land and higher economic rents compared to Toronto and Vancouver. It has become one of the major markets. “

Anthem aims to meet the growing demand for industrial space by acquiring and improving existing high-quality, revenue-generating assets in parallel with a robust, vertically integrated build-to-core development program.

“Anthem manages all key operational activities in-house, providing unique capabilities that create value at every stage of the project life cycle and truly tailor the product to the needs of the user. It is a national anthem that is directly involved in the creative aspects of the project, from the initial design to the construction of the project. It also hosts and manages the project over the long term. This is a potential when considering alternatives. It’s an important difference for tenants. Their business partners believe they will be the same when they renew or expand over the years. “

Anthem’s latest development project is located at the former welded steel pipe manufacturing facility in the busy corner of Barlow Trail SE and Glenmore Trail SE at the mature Foothills Industrial node in southeastern Calgary. Their development plan turns the site into a multi-tiered business park, offering facility options for small and medium-sized occupants and ancillary retail components.

“Our Barlow development will provide the region with more industrial density and transform the site from low density heavy industry applications to high density light industry. In southeastern Calgary, modern small and medium-sized industrial spaces Due to the relatively limited supply, we aim to provide some relief to the market in that regard, “says Day. “This place is not only close to other busy businesses and major transportation networks, but also the best business park in southeastern Calgary given the views from the Burrow and Glenmore Trails. It may be. “

The Barlow project complements Anthem’s other two industrial development projects at the rapidly expanding Balzac distribution hub, just north of the Calgary city border. These future logistics parks are designed with medium to large distribution / logistics tenants in mind.

Dayshare, “Our goal is to be able to offer different options to different industries across the region. We are dedicated to meaningful and long-term investments in Alberta. Calgary is just the beginning. It’s just that. ”

The Anthem team continues to explore additional industrial investment opportunities, aiming to expand into several major markets across Western Canada and the United States.

About Anthem:

Founded in 1991, Anthem is a team of 450 people driven by creativity, passion and direct communication. Anthem has invested, developed, or managed more than 310 residential, commercial, and retail projects across western North America.

Our growing housing portfolio includes a complete 17,500 homes under design or construction, from mixed-use and condominiums in the Master Plan to town homes and single-family communities.

We own, share, manage, or previously own more than 8.5 million square feet of retail, industrial, home rental and office space. We have developed more than 60 communities on 7,400 acres of land in Alberta, British Columbia, and California.

Anthem is a real estate development, investment and management company that strives, solves, evolves and creates better spaces and stronger communities. We are a growing place.

contact:

Rebecca Bigerius
Media advisor
Anthem Property Group Co., Ltd.
phone: +1 877 568 9636
Email: [email protected]

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b38aab6-e20a-4257-8e17-9e00303cce92.


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Canadian Business Journal, Old Pipe Manufacturing Site Becomes Multi-Phase Business Park

Source link Canadian Business Journal, Old Pipe Manufacturing Site Becomes Multi-Phase Business Park

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