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Regina Brokerage Sells Industrial Space Amid Market Downturn

news article

D’Arcy Skwara and Michael Kelsey were engaged by their client, the Carson Group of Companies, to sell or lease an 85,750 SF industrial facility near Regina. Built for URS/AECOM oil service and pipeline division in 2013, this property was facing the prospect of prolonged vacancy due to the downturn in the oil sector. The Colliers team approached the crown corporation SaskEnergy and, despite many complications, negotiated a sale price of just over $16.8 million. SaskEnergy intends to use the site for engineering, fabricating and servicing.