EDMONTON, AB, July 15, 2020
/CNW/ - Imperial Equities Inc. ("Imperial") today has announced it
has finalized the purchase of a single-tenant industrial property
in Edmonton's McNamara Industrial
neighborhood. The property has approximately 39,277 square
feet of leasable space in two buildings on a 4.67 acre site.
The transaction, which closed on July 15, 2020 , is valued at $5,360,000, and is a sale lease-back
arrangement with Wajax.
"Wajax is one of Canada's
longest-standing and most diversified industrial products and
services providers. Operating in more than 100 branches
across Canada they represent a
wide range of leading world-wide manufacturers – truly an
impressive company with an impeccable reputation," said Sine Chadi,
CEO Imperial Equities. "We are now landlord to Wajax in three
Alberta locations, and appreciate
the integrity and strength of the company. We are so pleased
to be able to support each other's growth and ongoing success."
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.