High Plains Industrial Parkhighplains-1

Located immediately north of Calgary in Rocky View County, High Plains Industrial Park spans over 1,100 acres and can accommodate businesses of virtually any size or use. Close to the Stoney Trail ring road, High Plains is conveniently located for businesses to service markets in the Calgary area or across Alberta and western Canada. High Plains is home to Sobey’s 1.3 million square foot distribution centre, Gordon Food Services’ 275,000 square foot distribution centre, Smucker’s 400,000 square foot distribution centre, as well as several manufacturing businesses. High Plains has serviced lots available for immediate possession as well as build-to-suit opportunities.

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Buyers snap up Calgary industrial building portfolio, prime land – Mario Toneguzzi, April 12, 2019
Industrial property in Calgary remains a hot commodity, as illustrated by two recent transactions involving three buildings, and the city’s largest tract of undeveloped industrial development land.
“From the investment community point of view, we’re a top city in which investors look at placing money in. You know, historically it’s been Toronto, Vancouver, and then Montreal and Calgary,” said Matt Binfet, executive vice-president and partner with commercial real estate firm Colliers International in Calgary.
“That trend is going to continue to go forward. I think it’s only going to get better if we get a change in government both provincially and federally (during upcoming elections) and get the oil flowing again.
“The vast majority of real estate is institutionally owned in Calgary, so when product does come available there’s usually a good buying pool for that product. Calgary historically has always been a great place to invest.”
 Read more >

CBRE finds ‘promising indications that commercial real estate conditions in the city look to be improving’

– CBC News · Posted: Apr 02, 2019 8:05 AM MT | Last Updated: April 2
Warehouse sector thriving
By contrast, the report says Calgary’s warehouse distribution sector is thriving, a reflection of the national trend to accommodate the shift to online shopping. CBRE noted a large uptake in commercial warehouse space in the first quarter of 2019 by some major retailers, including Home Depot, which took a lease for a 418,346 square feet for an e-commerce fulfillment centre in the High Plains Industrial Park.
“Calgary’s industrial market, which has logged nine consecutive quarters of positive net absorption, had a further 649,080 square feet of space taken up in the first quarter of 2019,” the report says.
Another 2.1 million square feet of industrial space is under construction and slated for completion this year.
“Both Calgary’s office and industrial markets are offering promising indications that commercial real estate conditions in the city look to be improving at long last,” the report says.


Impressive Q4 for Calgary and area industrial CRE market – Mario Toneguzzi, Feb. 4, 2019

Calgary’s industrial market continues to be resilient in the face of a struggling economy which has hit hard in other sectors of the city’s commercial real estate industry, particularly office space. Calgary’s downtown office market remains a sore spot with an elevated vacancy rate of about 25 per cent. That’s the headline-grabber for media, but it has overshadowed the “good news” coming out of the industrial real estate market.

According to commercial real estate firm CBRE, the fourth quarter of 2018 was Calgary’s eighth consecutive quarter of positive net absorption — the change in occupied space. Also, the fourth quarter witnessed the greatest amount of new supply delivered in a single quarter since Q4 2015.  “The Calgary industrial market is increasingly seen as a regional distribution hub. The regional Western Canadian marketplace is benefiting from sustained population growth and economic growth,” said Michael Hungerford, partner with Vancouver-based Hungerford Properties, which has significant industrial property in Calgary.

“In Calgary, there is supply of land, experienced developers, and quality infrastructure to support this growth. Moreover, the relative cost of living and available workforce is a compelling reason to locate in Calgary, rather than other regional cities.”  Read more >


Exciting commercial developments are putting Balzac on the map 

CREB Now, December 7, 2018

Named after the French novelist and playwright Honore de Balzac, the tiny hamlet of Balzac, located just north of Calgary, is so small that its population doesn’t even crack double digits. However, it packs a wallop when it comes to commercial development.
In fact, no one actually lives in the hamlet of Balzac, but the area represents one of Rocky View County’s main commercial and industrial areas.  “For 10 years, Rocky View County has been pursuing a strategy to attract business and commercial development to the east Balzac area, with great success,” said Grant Kaiser, director of marketing and communications for Rocky View County.
Thousands of new workers are set to make the community their work-day home with the opening of the online commerce giant Amazon’s new 600,000-square-foot distribution centre in the business commercial district of Balzac.


Balzac a shining star amongst the clouds in Alberta

Mario Toneguzzi, Published on May 12, 2018

An area in Rocky View County, just north of Calgary’s city limits, that has seen stupendous growth over the past decade with giant warehouses and distribution centres, retail outlets and other commercial real estate developments springing from the ground. Basically, Balzac has gone from a gopher pasture to a much sought-after area that has attracted the likes of corporate giants Walmart and Amazon.

And there’s more to come. Research by the County indicates only 25 to 30 per cent of the land has been built out. So hold onto your hats, more’s to come.

I was curious what four of the top real estate people, who deal in the area, think of why Balzac has become a magnet for commercial real estate development… read more >

Bentall Kennedy shows confidence in local economy

Calgary Herald, September 28, 2017

Each day I’m asked if I see any signs of the local economy climbing out of this recession, and my answer is ‘yes’ — backed up by the amount of investment into this city by people and companies confident in its future. Several recent real estate deals and developments speak to this.
Bentall Kennedy, one of North America’s largest real estate investment advisers, with locally owned Highfield Investment Group and Hillwood Investment Properties of Texas, plans to build a 400,000-square-foot industrial facility in the High Plains Industrial Park at Balzac.

High Plains Industrial Park