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Kelowna Airport Business Park to get large industrial investment

Largest single property industrial land transaction by dollar value in city91裸聊视频檚 history
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Aerial view of proposed Beedie development site (Photo/CBRE)

B.C.91裸聊视频檚 largest industrial developer is investing in the Kelowna Airport Business Park.

Burnaby-based Beedie has acquired the former 14.7-acre gravel site at 2050 Pier Mac Way. The deal, brokered by commercial real estate and investment company CBRE, is the largest single property industrial land transaction by dollar value in the city91裸聊视频檚 history, according to a news release from CBRE. The release also states Beedie91裸聊视频檚 future development will provide a series of new strata buildings and built-to-suit development options at the site.

91裸聊视频淜elowna is a key node between British Columbia and Alberta and I91裸聊视频檓 excited for Beedie to enter this highly impactful market,91裸聊视频 said Ryan Beedie, company president.91裸聊视频淲ith our roots and long-established work in B.C., and our growing expansion into Alberta, it91裸聊视频檚 truly the perfect fit for us. The Okanagan continues to see a huge amount of growth in the industrial and businesses sectors and we91裸聊视频檙e looking to support that growth with a very unique offering within the region.91裸聊视频

Travis Blanleil, sales associate at CBRE, said the deal is indicative of the state of the industrial market in Kelowna and the continuing rise in demand for industrial products in B.C.

91裸聊视频淒emand for light industrial, distribution, third party logistics, and food warehousing space in Metro Vancouver have soared as a result of COVID-19, naturally forcing companies to shift their focus and consider new markets,91裸聊视频 said Blanleil. 91裸聊视频淜elowna has become a viable and strategic market for companies looking to expand operations or set up new ventures.91裸聊视频

Plans submitted to the city by TKA+D Architecture+Design on behalf of Beedie show plans for two buildings for the site, totaling 13 individual units and covering approximately 144,461 square feet. It would be located along Pier Mac Way, Quail Ridge Boulevard, and Circuit Road. An application to subdivide the property into two lots, a development permit application, and a soil deposit application have also been submitted.

Conceptual rendering of Stratosphere Business Centre. (TKA+D Architecture + Design Inc.)

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About the Author: Gary Barnes

Journalist and broadcaster for three decades.
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