Skip to main content Skip to footer

Colliers’ National Network Helps Complete $28M Industrial Investment Transaction in Regina, Saskatchewan

Titan Business Park

From coast-to-coast, Colliers’ national network of advisors identifies and helps realize unimagined opportunities for their clients. Toronto-based investment professionals Victor Cotic, Executive Vice President National Investment Services, and Gord Cook, Executive Vice President recently collaborated with the Regina team of Glen Hill, Senior Vice President and Partner, and Robert Porter, Senior Sales Associate from Regina, to complete a $28M industrial investment sale of Titan Business Park, located at 855 & 905 Park Street, Regina, Saskatchewan.

This offering of a high-quality, multi-tenant, distribution facility with approximately 22 acres of severed excess land represented a rare opportunity to acquire one of the premier industrial business parks in the constrained Regina market. The property is rich in value with opportunity for leasing, rental rate growth and development. 

Titan Business Park is institutionally managed and maintained. In 2018, the property was extensively renovated with nearly $2.5M in capital upgrades made over the previous four years, making it highly attractive for its current and future tenants.

Solutions found within a constrained market

Regina is an established industrial market with over 25M SF of inventory, however annual new supply and construction has been limited. Within the past 18 months, industrial vacancy rates in Regina have decreased from nearly 6% to approximately 2.5%. Like other Canadian industrial markets, Regina has seen an increase in construction costs, limited development sites, and facing similar COVID-driven supply chain challenges. As a result, replacement costs for industrial buildings in Regina are in the $210 PSF range causing developers to target net rental rates as high as $15.00 PSF in order to achieve desired development returns. The premium rental rates for new construction have pushed tenants to consider renewals or existing buildings, making this already multi-tenanted property an attractive prospect to potential investors.

Experts choose experts within Colliers national platform

By being collaborative and enterprising, our Colliers advisors knew the best way to service their client was to tap into the expertise and relationships and thereby unlock the full potential for this transaction. A national platform not only allows for the sharing of resources and best practices but breaks down the geographic barriers to great investment opportunities for our clients. Colliers’ significant presence in the prairies provided the advantage of pairing the right property with the right client, representing both the buyer and the seller.



Read more stories

For More Information, Please Contact:

Victor Cotic

Executive Vice President, Sales Representative | National Investment Services

Toronto West

Victor is a senior member of the National Investment Services division specializing in the disposition and acquisition of industrial properties, grocery/pharma anchored retail plazas and suburban office buildings.   Primarily focused on the Greater Toronto Area and Southwestern Ontario, Victor has successfully completed individual property and portfolio transactions across Canada serving a wide range of institutional, REIT and private investor clients.    

Victor has over 15 years of investment brokerage experience and is consistently one of the top performing investment advisors nationally.   Within the past 10 years alone, Victor has been involved in the sale of over $2.5 billion worth of investment properties.

Victor provides his clients with an advisory approach grounded in strategy, superior market knowledge and thorough analysis. His extensive experience in a variety of asset classes, transaction sizes, geographic markets, and disposition strategies ranging from formal bids to discreet “off-market” sales, ensures that transactions are executed in a manner that is timely and efficient while minimizing risks and maximizing sale values.  Victor's strong connectivity to the investment market allows him to quickly identify qualified investors for any investment property.

Prior to joining Colliers, Victor worked in the real estate acquisitions division of a major Canadian pension fund.

View Expert

Gord Cook

Executive Vice President, Sales Representative

Toronto West

Over the course of Gord Cook’s unprecedented, 34-year career at Colliers International as Executive Vice President, he has managed a significant number of large, complex real estate assignments.  In particular, Gord specializes in four specific disciplines:  industrial leasing, industrial investments , multi-family apartment investments, and in-fill redevelopment opportunities. While these four silos vary, one thing remains constant – Gord’s ability to deliver outstanding results, on behalf of his clients at local and national levels. Impressively, he proves to be a top 5 national producer year after year.

View Expert

Glen Hill

Senior Vice President | Partner | Sales Associate

Regina

Glen Hill started in the commercial real estate industry in 2001. 

His industrial sales and leasing experience on both sides of the deal  over the years has broadened his knowledge to include the acquisition of raw land, subsequent development of the subdivsions as well as earning the trust to repersent various parties and their portflios.  

View Expert

Robert Porter

Senior Sales Associate

Regina

Robert entered the commercial real estate industry in 2014. Starting first in research, he transitioned into sales and leasing and works with Glen Hill primarily in the industrial and office sectors.

With previous experience researching the Saskatchewan commercial real estate market, Robert is keenly aware of local trends. Having extensive market knowledge and analytical skills means that Robert is able to guide clients towards beneficial outcomes.

View Expert