Anthem acquires industrial properties in Calgary
CALGARY, May 1, 2018 /CNW/ - Anthem has acquired three industrial income producing properties in Calgary, with a fourth under firm and binding contract.
Together, 635 46th Ave NE, 4155 75th Ave SE, and 4905 77th Ave SE represent a combined 176,000 SF of Gross Leasable Area on 8.25 acres of land. These three assets are currently 100% leased to a diverse tenant roster, reflecting their strategic locations in the Greenview and Foothills industrial nodes of the city. Anthem also has an additional industrial asset of approximately 77,000 SF in GLA under firm and binding contract to purchase this summer.
"Anthem is quite pleased to announce the completion of this transaction as it serves to accomplish a number of strategic objectives for our organization," says Jordan Carlson, Investment Director at Anthem. "It marks a re-entry into industrial real estate as an asset class for us as Calgary's economy continues to show strong signs of recovery. It further diversifies our portfolio and expands our existing income-property platform in Alberta."
This latest acquisition affirms Anthem's ongoing commitment to Alberta as an excellent place to live and do business.
About Anthem:
Founded 27 years ago, Anthem is a team of 375 people driven by creativity, passion and direct communication. Anthem and Anthem United have invested in, developed or managed – alone or in partnership – more than 200 residential, commercial and retail projects with an aggregate value of more than $5 billion across Western North America.
Our growing residential portfolio includes more than 11,000 homes that are complete, in design or under construction, from master planned mixed- use residential and multi- family, to townhome and single- family communities.
We own, co-own and manage more than 65 commercial properties, 4.4 million square feet of retail, industrial, residential rental and office space. We have developed more than 60 communities and currently hold over 5,000 acres of land across Alberta, British Columbia and California.
Anthem is a real estate development, investment and management company that strives, solves and evolves to create better spaces and stronger communities. We are Growing Places.
SOURCE Anthem Properties Group Ltd.
Randene Neill, Director of Communications, Anthem Properties Group Ltd., Phone: 604 689 3040, Mobile: 604 970 1652, Email: [email protected]
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