May 2022
Panattoni Development Company Canada, in partnership with Manulife Investment Management, is very pleased to announce that we have pre-leased 100% of Apex Business Park Building 3, a 548,124 Sq. Ft. industrial facility and Edmonton’s largest speculative industrial development to date.
We are thrilled to welcome MTE Logistix, an Alberta based 3PL Logistics & Supply Chain Management Company, to our LEED certified industrial facility. This best-in-class building was designed with large-scale logistics and warehouse tenants in mind and has garnered strong interest across Canada and we are pleased that MTE has decided to use this space to support their growing needs.
This is the largest speculative building of its type in the Edmonton market and this transaction demonstrates the strong demand for industrial space while reinforcing that users are identifying Edmonton as a premier logistics and warehouse hub.
Panattoni would like to thank those involved in this major transaction in the Edmonton market, including Thomas Ashcroft and Rob Iwaschuk of Avison Young, who represented the tenant. We are grateful for their dedication and hard work to achieve this deal and look forward to future opportunities to work together.
The Edmonton market continues to show demand for industrial development, and we will be continuing to deliver Class A developments through our current projects at Fulton Creek with two buildings starting construction this year (148,000 Sq. Ft. and 265,000 Sq. Ft.) and Phase 2 of our Apex Business Park with up to 1.4 million Sq. Ft. delivering in 2024.
“The Edmonton market has sustained strong growth in large bay leasing over the past 5 years and this transaction reinforces the growing demand for high quality, well located warehouse space in the Edmonton market.” – Mark Edwards, Development Manager, Panattoni Canada
For more information regarding this transaction or any of our opportunities in the Edmonton market, please contact Mark Edwards at medwards@panattoni.com. For further media inquiries please contact Caitlyn Schiefer at cschiefer@panattoni.com.
