11311 – 120 Street Edmonton, Alberta
Location
Details
Acquired in: 2005
70,660 total sq/ft
3.37 acres of land
Summary
Located in the heart of Hudson’s Bay Reserve area and near the fringe of downtown Edmonton, this 70,660 ft2 building is situated on 3.37 acres, encompassing a whole city block. Features include over 20,000 ft2 of premium showroom space, natural lighting in the warehouse with dock and grade loading.
The tenant, MTF Mainland Distributors operates under the “Big Box Outlet Store” banner and will occupy approximately 75% of the building. The building has been completely renovated using components that fit within Imperial’s Environmental, Social & Governance (ESG) sustainable plans.
This type of property will continue to generate income for our Company but more importantly it has great future redevelopment potential. Currently, the area serves a wide variety of commercial uses such as distribution and big box retail. Imperial will continue to bank land on the fringe of Edmonton’s downtown core.
Meet the Tenant
Big Box Outlet Store – has been Canadian family-owned since 1985 and is western Canada’s leading liquidation store operating in throughout British Columbia and Alberta. The core of the Big Box brand is to make everyday life more affordable, and they remain true to their roots. They are experts at finding brand name items through their reverse logistics and other purchasing channels, in order to sell quality products to customers at heavily discounted prices. All products are carefully inspected, tested, and re-certify items that arrive as previously opened, “open box”. After this careful process, these items become re-stocked and available to customers at a lower-than-retail price, of up to 70% off. “We know how important saving money is for our customers and we work hard to make sure we deliver on value every single day”.
