Imperial Equities has acquired an approximately 4.6-acre industrial land parcel located along Edmonton’s prominent 178 Street and 103 Avenue corridor for $3.4 million, the company announced.

The fully compacted industrial site is currently leased to Finning International under a long-term lease agreement.

The property provides Imperial with stable cash flow while preserving future redevelopment opportunities, including commercial frontage along 178 Street. Situated within West Edmonton’s established industrial corridor, the property represents a land banking opportunity within Imperial’s expanding real estate portfolio.

“The acquisition aligns with our strategy of acquiring well-located raw industrial lands that provide both immediate income and long-term value creation opportunities,” said Adam Chadi, chief operating officer at Imperial. “With six years remaining on the existing lease, we benefit from stable occupancy while maintaining the flexibility to pursue future build-to-suit development opportunities for industrial users in one of Edmonton’s most sought-after industrial locations”.

Based in Edmonton, Imperial Equities is a publicly traded real estate company focused on industrial, commercial and agricultural properties in targeted markets throughout Western Canada.

Pictured: Imperial’s Cornerstone II industrial property in Edmonton. (This property is not on the purchased land.)

Photo: Imperial Equities