EDMONTON, AB, Sept. 20, 2021 /CNW/ - Imperial Equities Inc.
(TSX-V: IEI) today announced the completion of a major renovation
of one of its Edmonton properties,
the Russell Hendrix Building at 11931 – 145 Street, Edmonton, Alberta. The property is the
regional hub for Russell Hendrix,
Canada's leading dealer of
foodservice equipment and supplies in Canada. The $1.5
million renovation to the 71,000 square foot property
enables the company to house its distribution centre, customer
showroom and service centre all under the same roof – a one-stop
shop, centrally located, for its regional customers.
The project involved extensive upgrades to the front facade
including the creation of a new, barrier-free customer entrance and
a more modern, inviting look that carries into more than 7,000
square feet of new customer showroom space. Other major upgrades
were done to the mechanical and electrical systems to ensure the
tenant can do specialized customer equipment repairs on site. As
with all Imperial properties and consistent with its green
initiatives, any upgrades and renovations prioritize energy
efficiency. In line with green program objectives, this project
included updated LED lighting, new high efficiency heating and
ventilation equipment and installation of new energy efficient
tinted windows in insulated frames.
"We are so pleased with the transformation of this property and
the benefits we were able to create for our tenant, and our
company," said Sine Chadi, CEO of Imperial Equities Inc. "The
improvements are dramatic, and are well matched by improved
functionality for Russell Hendrix,
with much more activity now happening at a single site. We
are grateful to Russell Hendrix and
all partners who delivered on our collective vision."
About Imperial Equities Inc:
Based in Edmonton, Alberta,
Imperial Equities Inc. is a publicly traded company anchored by
industrial, agricultural, and commercial real estate properties in
its targeted markets throughout Western
Canada. Additional information is available at:
www.imperialequities.com. Imperial's common shares are listed on
the TSX Venture Exchange under symbol IEI.
Neither TSX Venture nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Imperial Equities Inc.
