Economic Development - News Flash

Posted on: November 13, 2017

Parker: Chestermere builds new business park

Colliers-picture-web

One of the fastest growing communities in Canada, Chestermere has transformed from a summer village into a vibrant urban centre in just two decades. 

City officials have pursued an aggressive economic development strategy in recent years to bring more jobs and businesses. A new light industrial park expected to generate $1 million in tax revenue when fully occupied, is among its latest initiatives.

Webster Industrial Park, named after Orrin and Vida Webster, who opened the first business in the community in 1910, is located on a 65-acre parcel on the south side of the lake.

Economic development manager Jean-Marc Lacasse hired Brad Pilling, vice-president industrial at Colliers International, and his team to sell properties within the park. Pilling said he already has conditional sales on nine of the 15 lots in the 27-acre first phase.

AltaLink acquired a 3.2-acre lot for a future electrical substation. The remaining land will be subdivided into one- to five-acre fully serviced lots.

Pilling and his team of Chantelle Mathews and Zach Darragh are preparing to launch the project to industrial specialists with other brokerage firms.

Another interesting project taking them outside Calgary is the Okotoks Air Ranch, now managed by Universal Aviation Services. It’s been re-certified by Transport Canada and planes are using it again following a one-year closure. 

The town is optimistic in bringing firms with aviation uses to the new ownership and the same Colliers team have a conditional sale to a Kelowna helicopter company on one of the five bays at the 59,000-square-foot hangar.

Within Calgary, Pilling sold a 12,000-square-foot building on a 4.2-acre site represented by Marshall Toner of JLL on 114th Avenue S.E. to Fin-Wall Site Services. In the Bonnybrook/Ogden area, a 7,000-square-foot building on 1.6 acres was sold to IMG Design Build.

Colliers industrial division has 13 licensed agents split into three teams.

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