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Nait Distribution Centre
2008 Property Performance
Acquired: June 2005
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Location
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11311 - 120 Street Edmonton, Alberta
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Located in the heart of the Hudson?s Bay Reserve area and near the fringe
of downtown Edmonton, this 70,000 square foot building is situated on 3.37
acres, encompassing a whole city block. Features include 13,000 square feet
of premium office space, natural lighting in the warehouse with dock and
grade loading.
The tenant, Northern Alberta Institute of Technology (NAIT) has occupied
the building for the past 19 years. The building continues to serve NAIT
with offices, avionics
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class space, equipment maintenance and warehousing. Imperial was fortunate
to acquire a great building in the heart of Edmonton
that will serve NAIT for many years to come.
This type of property will continue to generate income for our Company but
more importantly it has great future redevelopment potential. Imperial will
continue to bank land in the ?city centre airport? area. The area serves as
an excellent location for a distribution or light industrial tenant.
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Meet the Tenant:
PowerComm Inc.The Northern Alberta Institute of Technology (NAIT) is
a leader in Canadian technical education. As Alberta's largest non-university
post-secondary institute, NAIT provides full-time and part-time career
education programs which focus primarily on technical training in business,
health sciences, information management and communications, engineering
technologies, industrial technologies and a wide variety of trades. NAIT
offers more than 170 programs leading to one-year certificates, two-year
diplomas, four-year applied degrees or apprenticeship certification as well
as over 1200 Continuing Education courses.
NAIT has earned a solid reputation over its 40-year history as an instrument
of economic development, by its responsiveness to the training needs of
industry and its strong links with the business sector. Year after year, 9
out of 10 NAIT graduates secure employment within nine months of completing
their studies. NAIT's mission is to anticipate and meet the needs of
students and the economy by combining outstanding applied education with a
human touch. NAIT has a trained workforce in all ten Canadian provinces,
Canadian territories, and in more than 60 countries worldwide.
With an annual Budget of over $200 million NAIT?s financial impact creates a
ripple effect throughout the province, creating jobs and opportunities. In
the final analysis, the economic impact NAIT exerts on the economy of
Edmonton alone approaches $339 million annually.
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Updated: March 17, 2008
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