EDMONTON, June 14, 2011 /CNW/ – Imperial Equities Inc. (TSX-V:IEI) today announced it has completed its first build to suit industrial property in Fort McMurray, Alberta. Located on 5.4 acres in the new TaigaNova Eco-Industrial Park is the new home of RSC Equipment Rentals.
The tenant, RSC Equipment Rental (“RSC”), headquartered in Scottsdale, Arizona, is a leading provider of equipment rental services for the construction, industrial/petrochemical, manufacturing and governmental sectors in the United States and Canada. RSC trades on the New York Stock Exchange under the symbol RRR.
At 3:00 PM on Thursday, June 16, 2011 Mr. Sine Chadi, President and CEO of Imperial Equities along with Mr. Erik Olsson, President and CEO of RSC Equipment Rental and several other Senior Officers and Directors will be in Fort McMurray, Alberta to join Her Worship,Melissa Blake, Mayor of Fort McMurray in the official grand opening of this new world class facility.
“Fort McMurray and the oilsands are a vital part of the Canadian economy. RSC recognizes the importance of the development of Alberta’s oilsands and we are particularly pleased to have been chosen to facilitate RSC’s vision,” said Sine Chadi. “This is the largest build to suit project in our Company’s history and it clearly demonstrates Imperial’s confidence in the oilsands as a major economic driver in Alberta and Canada”.
About Imperial Equities Inc.:
Imperial Equities Inc. is based in Edmonton, Alberta. A diversified company anchored by commercial and industrial real estate properties in its targeted Edmonton and Alberta markets. Imperial also distributes pharmaceutical products to the institutional and retail customers through its wholly owned subsidiary, Imperial Distributors Canada Inc. Additional information is available at:www.imperialequities.com
Imperial’s common shares are listed on the TSX Venture Exchange under the symbol IEI.