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Alberta & Prairies  + Pacific Canada  + Industrial  | 
Calgary-area business park.

Concert Purchases Calgary-Area Business Park

Concert Income Properties has acquired a 436,291-square-foot business park in Calgary’s industrial market.

The three-building property, named the Rockyview Business Park, is located on the boundary of Calgary and Balzac, Alta., in the County of Rocky View. The fully leased multi-tenant warehouse and distribution assets were built between 2013 and 2015.

The business park sits near major transport arteries, including the Stoney Trail Ring Road, Trans-Canada Highway, Queen Elizabeth II Highway (more commonly known as Highway 2) and the CANAMEX corridor.

Concert Investment Properties is a subsidiary of Vancouver-based Concert Properties.

“This acquisition underscores our commitment to investing in strategically located prime industrial properties that offer both stability and growth potential,” said Christine Bergeron, the parent firm’s president and CEO, in a news release.

“Rockyview Business Park exemplifies the calibre of assets that are integral to our portfolio’s success.”


Inside The Story

Christine Bergeron

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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