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Alberta & Prairies  + Canada  + Industrial  |  December 19, 2023
Edmonton's industrial real estate market has recorded its 14th consecutive quarter of positive absorption according to a new Avison Young report.
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By: Monte Stewart

CanFirst Acquires Loblaw Assets in Edmonton

CanFirst Capital Management has acquired two large adjacent industrial real estate assets in Edmonton.

The site is leased on a long-term basis to the Loblaw grocery chain.

CanFirst purchased the assets through its CanFirst Income Plus Real Estate Fund. The properties, located at 16104 and 16231 121A Avenue N.W., comprise a 364,912-square-foot food distribution building and 2.35-acre trailer parking lot.

The site is situated in the Harwin Park Estate Industrial Park near the Anthony Henday Drive ring road and a CN intermodal terminal, about a 34-minute drive to Edmonton International Airport.

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Inside The Story

CanFirst Capital ManagementLoblaw

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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