Mr. Adam Chadi reports
IMPERIAL EQUITIES INC. ANNOUNCES THE PURCHASE OF THE INTERSTATE BATTERY BUILDING IN WEST EDMONTON
Imperial Equities Inc. has completed the purchase of the Interstate Battery building located along 118 Ave. and 158 St. The transaction is valued at $5-million.
The 22,315-square-foot industrial warehouse is situated on a 3.01-acre site and is home to Interstate Battery, which specializes is high-quality, heavy-duty batteries for nearly all systems. The property serves as a storefront and distribution centre for Interstate Battery.
"This acquisition represents another strategic addition to our portfolio," said Adam Chadi, chief operating officer of Imperial. "The property's location, directly adjoining our other existing properties along 118 Ave., enhances the scale and potential of our landholdings in the area. Supported by a multinational tenant, the Interstate Battery building generates stable income today while providing meaningful opportunities for future value appreciation and redevelopment."
About Imperial Equities Inc.
Based in Edmonton, Imperial Equities is a publicly traded company focused on industrial, commercial and agricultural real estate properties in targeted markets throughout Western Canada.
Imperial's common shares are listed on the TSX Venture Exchange under the symbol IEI.
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