Imperial Equities Inc. Announces the Sale of the Ashworth Building
EDMONTON, ALBERTA – Imperial Equities Inc. (“Imperial”) today has announced it has completed the sale of its Ashworth Building, located at 18037 – 105 Avenue, Edmonton, Alberta.
Imperial transformed this land banked property in west Edmonton with the addition of a new revenue generating building. Newer than the neighbouring buildings, this development became the jewel on the block and was immediately leased to a fledgling Alberta based corporation.
Seven years later, however, Sine Chadi, Chief Executive Officer of Imperial, is confident that the timing was optimal for its sale. “With every investment property, there comes a time when we believe that we have maximized its potential and that its disposition would benefit Imperial.