EDMONTON, AB, Feb. 7, 2022 /CNW/ - Imperial Equities Inc.
(TSXV: IEI) today announced the purchase of two properties adjacent
to its Coppertone Industrial Common development in Edmonton, Alberta. The deal for the new
properties, which will be branded together as Coppertone X at 11811
– 152 Street, will be through an all-cash transaction that closes
on March 1, 2022.
The purchase consists of two separate parcels of land, amounting
to 1.6 acres, with an industrial building situated on one the
parcels. The building has 5,847 sq feet of leasable space,
including an 800 square foot mezzanine and a small office and
reception area. The warehouse has five 14 x 12-foot dock doors and
20-foot ceilings. The property is well located in the Company's
Coppertone Industrial Common, which now holds nine properties and
more than 125,000 square feet of industrial space home to
leading industrial and commercial tenants. The property has
excellent access to Yellowhead Trail, Whitemud Drive, and Anthony
Henday Drive. It is currently available for lease.
"The industrial market is heating up in the Edmonton Region, and
we are pleased to further consolidate our holdings in our
Coppertone Industrial Common," said Sine Chadi, President and
CEO of Imperial Equities. "This is a quality site for a small
or medium industrial tenant, with a secure yard and excellent
exposure."
About Imperial Equities Inc:
Based in Edmonton, Alberta,
Imperial Equities Inc. is a publicly traded company anchored by
industrial, agricultural, and commercial real estate properties in
its targeted markets throughout Western
Canada. Additional information is available at:
www.imperialequities.com. Imperial's common shares are listed
on the TSX Venture Exchange under symbol IEI.
Neither TSX Venture nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Imperial Equities Inc.