ONE Properties and Vestcor announce commencement of construction on advanced manufacturing business park
by CM Staff
The park's accessibility and flexible zoning makes it a fit for medium- and large-bay tenants from a broad base of industries, including the energy, manufacturing and distribution sectors.
41 Business Park developed by ONE Properties and Vestcor (CNW Group/ONE Properties LP)
EDMONTON — ONE Properties and Vestcor announced construction and leasing has commenced on Phase 1 of 41 Business Park in southeast Edmonton. Phase 1 will add approximately 366,900 square feet to southeast Edmonton’s industrial hub, with convenient access to major thoroughfares including QEII Highway and surrounding amenities. Targeting fourth quarter 2024 occupancy, Building 1 will feature 40-foot high warehouse ceilings. Formerly Ledcor’s Fabrication & Module Yard, the site will feature approximately 670,000 square feet of industrial space upon completion.
ONE Properties is the developer for 41 Business Park. President and CEO of ONE Properties, Darren Durstling said, “This development marks a continuation of our company’s strategy to expand our industrial footprint across Canada. We are excited to be collaborating with our esteemed partner, Vestcor, to develop this state-of-the-art industrial real estate opportunity.”
“Vestcor’s first acquisition in Edmonton marks a pivotal step in our strategic investment plan, providing access to Edmonton’s diverse market. This partnership brings together our shared vision and expertise, creating opportunities for innovation and long-term growth,” added Dwayne Doolan, Head of Real Estate Investments at Vestcor.
Situated on the border of the City of Edmonton and the County of Leduc, directly north of Nisku, the interchange at the intersection of QE II and 41st Avenue provides easy access to the Anthony Henday Drive and the Yellowhead Trail/Trans-Canada Highway. The park’s accessibility and flexible zoning makes it a fit for medium- and large-bay tenants from a broad base of industries, including the energy, manufacturing and distribution sectors.
Phase 1 of 41 Business Park will comprise one building and 366,900 sq. ft. of logistical space, with Phase 2 set to add another 302,200 sq. ft. upon completion. Both buildings will target LEED Silver certification and incorporate highly efficient design and construction practices, including solar PV arrays and electric vehicle charging stations.
