WAM Development Group

WAM Development Group

August 12, 2015 10:00 ET

Henday Industrial Park Signs Brock White Canada Company as First Tenant

WAM Development Group signs first lease agreement

EDMONTON, ALBERTA--(Marketwired - Aug. 12, 2015) -

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WAM Development Group (WAM) announced today the first major tenant to lease space in the first phase of Henday Industrial Park. Brock White Canada Company (Brock White) will be leasing 112,130 square feet in the industrial park for its main warehouse and distribution facility. Henday Industrial Park is being developed by a joint venture between Canada Pension Plan Investment Board (CPPIB), Walton Group of Companies (Walton) and WAM.

Brock White, the leading supplier of construction materials in western Canada, will be occupying space in the targeted LEED certified building. The facility will house a large warehouse, which will be used as a complete mechanical fabrication facility, office space for the company's 47 employees, and new state-of-the-art showroom featuring architectural finishes and design products for the public and general contractors. In addition, Brock White will occupy 3.5 acres in an adjacent outside storage yard for the company's growing inventory. The new facility will help the company continue to expand its service offerings to clients in the areas of mechanical insulation, roofing, geotextiles and erosion control, masonry and general contractor supplies.

"We are excited about this new facility and about our continued expansion across western Canada," said David Reburn, Alberta Regional Manager, Brock White Canada Company. "This new location will centralize two of our larger operations in Edmonton, which will ultimately result in great efficiency and an overall better experience for our customers and suppliers."

"Along with our partners CPPIB and Walton, we are pleased that Brock White has chosen to expand its business footprint at Henday Industrial Park," said Bill Bird, Senior Vice President, Industrial, WAM Development Group. "The Park provides an optimal location for Brock White and future tenants seeking larger spaces for distribution, fabrication, light manufacturing and warehouse use. This agreement also demonstrates the continued strength of industrial leasing in the Edmonton marketplace."

The new Brock White facility will be located in Building 2 at Henday Industrial Park with expected occupancy in spring 2016.

Henday Industrial Park is a multifaceted commercial property, occupying a 238 acre industrial site in northwest Edmonton, Alberta. The property is strategically located with access to Yellowhead Trail, the major east/west transportation corridor in Edmonton, and Anthony Henday Drive, which is the ring road for the Edmonton market.

For more information, please visit www.wamdevelopment.com

About WAM Development Group

Established in 1987, WAM Development Group (WAM) is committed to the business of real estate, with emphasis on the acquisition, leasing, management, development and sale of quality commercial and retail properties. For more than 28 years, WAM Development Group has been pursuing real estate opportunities throughout Canada and the United States. WAM Development Group is headquartered in Edmonton, Alberta, Canada. For more information about WAM, please visit www.wamdevelopment.com.

About Canada Pension Plan Investment Board

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, New York City and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2015, the CPP Fund totalled $264.6 billion, of which $34.1 billion represented real estate investments. For more information about CPPIB, please visit www.cppib.com.

About Walton Group of Companies

The Walton Group of Companies (Walton) is a family-owned, multinational real estate investment, planning, and development group concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors.

Walton has been in business for over 30 years and takes a long-term approach to land planning and development. Walton's industry-leading expertise in real estate investment, land planning and development uniquely positions Walton to responsibly transition land into sustainable communities where people live, work and play.

Its communities are comprehensively designed in collaboration with local residents for the benefit of community stakeholders. Its goal is to build communities that will stand the test of time: hometowns for present and future generations. For more information about Walton, please visit www.walton.com.

About Brock White Construction Materials

Brock White has been a trusted supplier of construction products since 1954. The company serves commercial, residential, highway and industrial contractors through distribution centers across Western Canada and in the US Upper Midwest. Brock White Company LLC is headquartered in St. Paul, Minnesota with Canadian operations based in Winnipeg, Manitoba. For more information about Brock White, please visit www.brockwhite.ca.

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