Vancouver, BC, Canada – Concert is pleased to announce that it has acquired Pinnacle Business Park in Edmonton, Alberta.
Pinnacle Business Park is Concert’s fifth industrial asset in the Edmonton area. Located on the southwest corner of 75th Street and Roper Road in the Southeast Industrial district, the property consists of 11 best-in-class, multi-tenant industrial and retail buildings totaling 290,876 square feet.
“This acquisition supports the company’s goal to build its income-producing portfolio,” said Brian McCauley, President, Concert Properties. “Serving a wide range of service commercial, retail and light industrial users the property has weathered the recent economic turbulence well.”
The business park’s eight industrial buildings encompass 270,910 square feet and were built between 1998 and 2003, while its three retail buildings, comprising 19,966 square feet, were built in 2007.
The property offers a rare combination of superior quality construction, diversified tenancy, exceptional location and strong curb appeal that attracts high quality tenants.
Concert has now developed or acquired over 8.4 million square feet of income producing properties across Canada. This acquisition of Pinnacle Business Park further strengthens and improves the quality of the company’s industrial and commercial portfolio.