parker: hungerford properties to revive vacant sait buildings - electrical energy storage systems
Hungerford Properties's announcement to invest again in commercial Properties in Calgary continues to show confidence in Calgary. The Vancouver-
The head office developer, led by partner George hangford and his son Michael, and Andrew, who is in charge of asset management, purchased their first property here in 2012.
Today, they have more than 1 portfolio in Calgary.
Property is 5 million square feet.
Recently purchased is the former SAIT building at the Meilan Heights industrial park on Central Avenue, New York. W.
West of the Barlow Trail. E.
The building was originally built in 1966 as a warehouse of the Alberta Liquor Control Board.
In 1980, it became the SAIT Bob Edwards Building, a suburban campus that teaches building transactions.
The continued expansion of SAIT's main campus means that schools no longer need properties that have been empty for the past two years. Thexa0109,000-square-
Foot building has not attracted much interest, but Michael Hungerford has seen the possibility of its reconstruction.
Purchased through Barclays Street real estate, he plans to convert it back to a distribution center that offers multiple services
Industrial space for tenants.
Hungerford will be renovating and repositioning most of its interior from 4,000 square feet.
New lighting, mechanical and electrical systems, and new dock loading doors will be installed, and there is nearly two acres of excess land, additional storage or parking will be provided.
Land can also be used for future development.
"Given the limited choice of quality in the area and the high cost of leasing newly built buildings, we expect this to attract many industrial enterprises in the Calgary market, hangford spoke about the planned development that Marshall Toona and his team at JLL are selling.
Hungerford has a history of renovating the industry in Calgary and Western Canada and transforming it from an outdated business destination to a modern business destination.
The main buyers here are the former Haworth/Smed building located on 52 th Street. E.
It covers an area of 706,500 square feet and was once the largest industrial building west of Toronto.
Today, it is called Icon Business Park, leased by Colliers International to tenants including data communication management;
Robert Tibert auto parts;
ABB Power Engineer; Rolf C.
Hagen pet supplies and supply chain company Chep.
The companies employ more than 600 California people in total.
Since then, hungeford has bought 5 acres of land nearby on 61 th Street. E.
Plan to develop the icon retail center there.
Fairmore Commercial Park is under construction on building 7.
Acres parcel on Fairmont AvenueE.
Mike Blaney of Re/Max Complete medical CIAL has sold 12,000 square feet to the Institute of aesthetics.
A craft winery will cover an area of 8,000 square feet and Canem electric contracting is the largest acquisition company in the park.
The Nexus business center in the North East area of Meridian/Franklin is a newly built apartment office/warehouse development project for 80 cents, demonstrating the company's advantages in owning its own property.
These developments show that Hungerford continues to be confident in Calgary, and Michael says he is currently in talks on two other properties.
News and precautions despite the cancellation of the Luiz Lake Alpine Skiing World Cup due to weather, November.
25 Bennett Jones Business Forum is still on schedule to discuss the business of politics: the changing nature of democracy.
Keynote speakers include David Dodge, former bank president of Canada, John Manley, president and CEO of Canada Business Committee, and Rona Ambrose, interim leader of the federal Conservative Party.
David Parker appeared on Tuesday, Thursday and Friday.
Read his column online at calgaryherald. com/business.
403. he can be reached. 830-
4622 or by email at info @ David Parker.