February 27, 2024, Vancouver, BC – Concert Income Properties (CIP) is pleased to announce its latest acquisition, Rockyview Business Park, located at 261024 Dwight McLellan Trail, Rocky View County, Alberta, expanding our presence in the fastest growing industrial area in greater Calgary.
Completed between 2013 and 2015, this multi-tenant industrial warehouse and distribution facility spans 436,291 square feet and comprises three fully leased buildings. The property is strategically located in the Balzac industrial area, immediately north of Calgary’s city limits. It is near major transport arteries including Stoney Trail Ring Road, Trans-Canada Highway, Queen Elizabeth II Highway and the CANAMEX corridor, offering unparalleled connectivity to local and international markets. Tenants can be at the airport in 12 minutes and downtown in less than 20 minutes.
"This acquisition underscores our commitment to investing in strategically located prime industrial properties that offer both stability and growth potential," remarks Christine Bergeron, President & CEO, Concert Properties. "Rockyview Business Park exemplifies the caliber of assets that are integral to our portfolio's success."
The property, nestled on 24.38 acres of prime industrial land, boasts a diverse mix of 13 tenants, consisting of international, national and local companies. With clear ceiling heights ranging from 24 to 28 feet, highly functional truck circulation, a total of 60 dock loading and 22 grade loading doors, Rockyview Business Park aids in seamless operations for its tenants.
This acquisition reaffirms Concert Income Properties' position as a leading player in the Canadian real estate market. With a track record of delivering exceptional returns and a commitment to creating sustainable communities, CIP continues to drive value for its investors and stakeholders.
-30-
About Concert Properties
Since 1989, Concert Properties has proudly been developing, acquiring and managing Canadian real estate in pursuit of building a people-first future. We develop, own and manage rental apartments and seniors’ active aging communities; develop condominium homes; and develop, acquire and manage industrial and commercial properties through our two corporate entities, Concert Real Estate Corporation and Concert Income Properties. Through Concert Infrastructure, an independent corporate entity, essential public infrastructure projects are invested in, developed and managed. We have grown to over $9 billion in assets, including $3.3 billion in infrastructure. Owned by union and management pension plans and institutional investors representing over 200,000 Canadians, our vision is to create resilient, inclusive and sustainable communities across Canada. See ConcertProperties.com for more information.
About Concert Income Properties
Formed in 2016, Concert Income Properties maximizes long-term value by acquiring, developing and managing industrial, office and multi-family real estate in Canada. Supported by Canadian pension funds and institutional investors, this open-ended, limited partnership Canadian fund has delivered exceptional returns since inception, with an asset value of $3.3 billion and 13.1 million square feet of leasable area. See ConcertProperties.com for more information.
Media Contact
John Corry
Director, Corporate Communications
Concert Properties
604.812.1370
JCorry@ConcertProperties.com