Imperial Equities Inc. Announces the Purchase of the Wajax Building in Nisku Industrial Park
January 02, 2020 at 10:00 am
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Imperial Equities Inc. has announced it has finalized the purchase of the Wajax Building in Nisku Industrial Park, Leduc County, Alberta. The transaction, which closed on December 30, 2019, is a sale lease-back arrangement, valued at $6,670,000.00. The 37,200 square foot industrial building is located at 1403 – 5 Street Nisku, and is the Company's second tenancy with Wajax, a long-standing Canadian industrial products and services provider.
Imperial Equities Inc. is a Canada-based company that is focused on the acquisition, development and/or redevelopment of real estate assets. The Companyâs operations consist of the acquisition, development and redevelopment of industrial, agricultural, and commercial properties primarily in Edmonton and throughout Alberta and in British Columbia. Its property portfolio includes ALS Building, Clear Water Bottling Building, Central Distribution Building, Coppertone I Building, Coppertone II Building, Core Distribution Building, Day and Ross Crossdock Facility, Dynomax Building, EPCOR Building, Essential Energy Building, Master Group Building, Rocky Mountain Equipment Building and more. Its subsidiaries include Imperial Equities Properties Ltd. (IEPL), Imperial One Limited, Imperial Two Limited, Imperial Three Limited, Imperial Four Limited, Imperial Five Limited, Imperial Six Limited, Imperial Seven Limited, and Imperial Eight Limited.