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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.



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Pour plus d’informations, veuillez contacter:

Gord Cook

Executive Vice President, Sales Representative

Toronto West

Gord has assembled a powerful core team with a deep understanding and focus on large complex assignments. The team collaborates to manage projects in three key industry verticals: industrial investment, industrial big box development and infill redevelopment.

Industrial Investment Projects Include:

• Home Depot, Calgary, AB: 1,065,000 SF​

• 2995 Peddie Rd., Milton, ON: 303,200 SF​

• 760 chemin du Grand Bernier, Saint-Jean-sur-Richelieu, QC: 373,946 SF
• 8875 Torbram Rd., Brampton, ON: 854,312 SF
• 1920 Albion Rd., Toronto, ON: 873,045 SF

Industrial Big Box Development Projects Include:

• Home Depot, Vaughan, ON: 1,400,000 SF lease

• Prologis Park Meadowvale, Mississauga, ON: 909,640 SF lease

• 100 Ironside Dr., Brampton, ON: 440,000 SF lease

• 100 Vaughan Valley Blvd., Vaughan: 323,557 SF lease

• 8 Burford Rd., Hamilton: 349,700 SF lease

 

Infill Redevelopment Projects Include:

• York Downs Golf & Country Club, Markham, ON: 400+ acres

• Toronto District School Board: various projects

• Build Toronto: various projects

• Peel District School Board: various projects

• Anglican Church of Canada: various projects

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Glen Hill

Senior Vice President | Partner | Sales Associate

Regina

Glen Hill started in the commercial real estate industry in 2003.  His industrial sales and leasing experience he has acquired over the years has broadened his knowledge to include the acquisition of raw land and the subsequent development and leasing of industrial portfolios.

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Robert Porter

Operations Manager | Research Coordinator

Regina

Robert began working for Colliers International in Regina in March 2014 where he provides research services for the Brokerage team. He completed a bachelor’s and master’s degree where he focused on the history of urban development and the Canadian economy.

In his role at Colliers he is responsible for the collection, maintenance and analysis of data for the comprehensive property database. This data helps to provide information and context for commercial properties in Regina and Southern Saskatchewan. This information also allows for the identification of new developments and market trends within the province.  

Working with the brokerage and marketing team, Robert is responsible for the quarterly reports, custom research, statistics and presentations relating to all commercial asset classes. He also assists the brokers directly with site selection and property valuation and analysis. Robert also provides consulting services relating to commercial properties, land and existing and future development in Southern Saskatchewan.

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