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2026 Canadian Transactions of the Year
Western Canada
- Harrison Street’s Symposia Development Deal Fills a Student-Housing Gap at SFU
- Maclab Development Sells Student Housing-Multifamily Project for $198 Million
- QuadReal Maintains Strong Revenue Stream After Selling The Post
- Cologix Moves into Calgary with Mutually Beneficial Acquisition of DataHive Data Centre
- Goodman Commercial Team Sidesteps Curveballs to Broker Sale of Siena Mixed-Use Condo Project
- Colliers Team Spearheads a 605,000-Square-Foot Design-Build Lease for Princess Auto
- Colliers Team Leads Reuse and Sale of 271,000-Square-Foot Mixed Use Property
- Royal Park’s Weiman, Stang Spearhead Dow’s 25-Acre Brownfield Redevelopment
- Shindico Realty Acquires 42 Acres in the 165-Acre Water Tower District
- Buyer Oxford, Seller CPPIB Both Benefit from Western Canadian Office JV Buyout
- Avison Young Executes One of Metro Vancouver’s Most Significant Build-to-Suit Industrial Leases
Colliers Team Spearheads a 605,000-Square-Foot Design-Build Lease for Princess Auto
Colliers’ Josh Magnussen and Paul Marsden led the Calgary team that successfully commenced and closed a 605,000 square-foot distribution centre design-build deal for Princess Auto.
The transaction represents an expansion for the Canadian retail chain. The tenant will move from its 265,000-square-foot building in Winnipeg to the new site at Dwight McLellan Trail and 114 Avenue NE in Balzac, AB’s Stoney North Logistics Centre in 2026.
The Colliers team worked with Enright and GWL Realty Advisors on the build-to-suit, which can be expanded to 730,000 square feet.
This deal was significant, as it represents substantial growth for Princess Auto and continued reinforcement of Greater Calgary as the company’s Western Canadian distribution hub.
These are some of the reasons why Josh Magnussen and Paul Marsden were honoured with a Connect Canadian Transactions of the Year Award for their work on behalf of Princess Auto. The award highlights deals and closings impacting Canada’s commercial real estate sector.
