EDMONTON, March 9, 2020 /CNW/ - Imperial Equities Inc.
("Imperial") today has announced it has finalized the purchase of
the Russell Hendrix Building in West
Edmonton. The transaction is expected to close on
March 31, 2020, and is valued at
$7,360,000.
The 71,381 square foot industrial warehouse sits on 2.96 acre
site, and is home to the Edmonton
region distribution activities of Russell
Hendrix, Canada's largest
restaurant equipment dealer.
"We are pleased with this transaction and the opportunity to
secure an industry leading tenancy with a company that has deep
roots in Western Canada," said
Sine Chadi, CEO Imperial Equities. "This is a solid investment with
a strong tenant covenant that both supports our desire to see more
industry-based diversification in our investments and adds an
immediate contributor to our bottom line."
About Imperial Equities Inc.:
Based in Edmonton, Alberta,
Imperial Equities Inc. is a publicly traded company anchored by
industrial, commercial and agricultural real estate properties in
its targeted markets throughout Western Canada. Additional
information is available at:
www.imperialequities.com. Imperial's common shares are listed
on the TSX Venture Exchange under symbol IEI.
Neither TSX Venture nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Imperial Equities Inc.
