Imperial Equities Inc., a company listed on the TSX Venture Exchange under the ticker IEI, has successfully completed the acquisition of the Wajax building, located at 11115 100 Avenue in Grande Prairie, Alberta. This transaction, which closed on July 31, 2026, involved a total purchase price of $10,950,000. The building occupies a 4.55-acre lot and comprises 40,411 square feet of industrial warehouse space.
The Wajax building is currently occupied by Wajax, which was previously known as NorthPoint Technical Services LLC. This acquisition is part of Imperial’s strategy to expand its footprint in the industrial real estate sector, particularly in growing markets such as Grande Prairie. The completion of this purchase marks a significant step for Imperial Equities as it continues to diversify its portfolio in the Canadian industrial property market.
The move is expected to have positive implications for the local economy in Grande Prairie, potentially creating employment opportunities and enhancing the industrial landscape of the region. With industrial real estate demand on the rise in various Canadian cities, Imperial’s investment aligns with market trends and growth potential in the area.
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