In a statement, Valérie Gonzalo, spokesperson for Lowe’s Canada, said: “Our future DC in High Plains Industrial Park offers a lot of room to accommodate our large space requirement as well as future expansion capability. From a transportation standpoint, the site offers highly-efficient access to Highway 2 and Stoney Trail. High Plains is ideally located to serve Calgary, Edmonton and many other cities throughout Western Canada. We also appreciated the fact that the 1,100-acre industrial park has been conceptualized with a focus on the environment through an innovative and sophisticated stormwater management system that naturally filters and cleans all stormwater through a series of on-site ponds and wetlands.”
Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly-owned subsidiary, RONA inc., operates or services more than 470 corporate and independent affiliate dealer stores in a number of complementary formats under different banners. These include Lowe’s, RONA, Réno-Dépôt, and Dick’s Lumber. In Canada, the companies have more than 26,000 employees, in addition to about 5,000 employees in the stores of independent affiliate dealers operating under the RONA banner.
Adrian Munro, President, Highfield Investment Group, said “High Plains Industrial Park is centre ice for corporate Canada’s western distribution centres and e-commerce fulfillment facilities due to its excellent transportation efficiencies, outstanding labour force, and compelling rent economics.”
Munro said Rocky View County has become the preeminent location for western Canada distribution centres and ecommerce fulfillment facilities.
“Over the past five years, Highfield has developed, or is developing, nearly five million square feet of industrial space and is home to Sobeys, Lowe’s, Smucker’s, The Home Depot, CHEP, GFS and many others. Highfield has been able to establish High Plains as the ‘centre ice’ location for Corporate Canada due to transportation efficiencies, an outstanding labour force, compelling base rent and real estate tax savings, and best in class facilities designed and constructed by our highly experienced consulting and contractor team. Additionally, Rocky View County welcomes new business and efficiently processes permit applications allowing for expedited development schedules and earlier tenant occupancies.”
Marshall Toner, Managing Director and National Lead, Industrial – Canada for commercial real estate firm JLL, who represented Lowe’s in the deal, said the Balzac area is an attractive one for big companies.
“First of all, for the deal I just completed there are few places that you could do 70-75 acres of land that could meet the timing,” he said.
“I just think with the land pricing and the property tax situation, it’s very compelling for companies with a large square footage to give that strong consideration out there.”