Acquisitions

47th Street Industrial, Calgary

November 16, 2014
Industrial
Purchased: 2014

Nicola Crosby is pleased to announce the acquisition of the Enerflex building, a 316,369 sf state-of-the-art industrial manufacturing/office facility situated on a 40 acre site. The property is located in the Eastfield Industrial Park in Southeast Calgary and has excellent exposure to Peigan Trail SE and 52nd Street SE. Leased entirely to Enerflex on a long term lease, this property provides secure in-place cash flow with contractual rental increases throughout the term. Enerflex is a worldwide supplier of products and services to the oil and gas production industry and is publicly traded on the TSX.

Special Thanks To:
Broker: Curtis Palmer and Dave Young – CBRE Edmonton
Garry Beres and Geoff Mar – CBRE Calgary
Financing: Phil Wood – Principal Mortgage Group Ltd.

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Director, Real Estate 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions,
Real Estate
778-383-4020
Shaun Blythen Acquisitions Manager,
Real Estate
604-558-5500

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”