B.C. investment partners acquire Acheson distribution centre.

DEAL | Vancouver-based Upfield Capital Management Ltd. and Arrowleaf Real Estate Holdings Ltd. of Vernon, B.C., have purchased a 206,000-square-foot distribution centre at 9671 279 St., Acheson, Alberta, for $55.15 million. The deal closed July 28. Completed by Qualico Properties last year and occupied by Home Depot under a 20-year lease, the distribution centre includes 7.5 acres of vacant industrial land, offering a rare build-to-suit opportunity for which the partners are actively seeking new tenants. Upfield’s first deal in Alberta, the strategic purchase follows six acquisitions in B.C. since 2023. The long-term yield potential and a sharpened focus on low-risk, high-return assets contributed to the partners’ interest in the property. Adam Kilburn of JLL advised on the deal.

PRICE | $55,150,000