Industrial property sale strengthens Grande Prairie’s oil, gas and forestry support network
An Edmonton-based real-estate company has added a prominent Grande Prairie industrial property to its Western Canada portfolio, acquiring a Wajax maintenance hub for $10.95 million. The transaction for the facility at 11115 100th Ave. closed on July 31, according to public disclosures.
The building is a substantial piece of industrial infrastructure for the city. Wajax occupies the 40,411-square-foot warehouse, which sits on 4.55 acres and functions as a regional maintenance hub offering electric-motor and generator sales and service, as well as pumping solutions. The site was formerly operated by NorthPoint Technical Services before Wajax acquired that business in 2020 and integrated it into its operations in 2025.
The buyer, Imperial Equities, described the property as serving Western Canada’s energy and forestry industries. The company did not disclose the lease term or the transaction’s capitalization rate.
"The acquisition expands the company’s presence in northwestern Alberta and northeastern British Columbia, a region supported by natural gas and forestry activity," said Adam Chadi, Imperial’s chief operating officer.
The deal comes amid tight industrial-market conditions in Alberta. In the second quarter, Edmonton’s industrial availability rate was 4.5 per cent, compared with a 5.5 per cent national rate, underlining stronger-than-average local demand for industrial space. Grande Prairie, about 450 kilometres northwest of Edmonton, serves a mix of oil and gas, forestry, agriculture and construction sectors, all of which rely on specialised service and maintenance facilities.
What the purchase means locally
For Grande Prairie, the sale represents continuity and potential stability for a facility that supports local energy and forestry operations. The presence of a long-term industrial landlord with an existing relationship with Wajax may signal ongoing tenancy and upkeep of the site rather than redevelopment or repurposing.
Local businesses that depend on electrical-motor repair, generator maintenance and pumping solutions are likely to view the transaction as relevant to service availability. The facility’s existing role as a regional maintenance hub means the change in ownership primarily affects real-estate management and investment structure rather than day-to-day operations, at least in the short term.
From an investment perspective, Imperial Equities has been expanding in selected Western Canadian markets with an emphasis on industrial, commercial and agricultural properties. The company already owns several properties occupied by Wajax in Western Canada, and the Grande Prairie purchase builds on that relationship.
- Buyer: Imperial Equities (Edmonton-based)
- Seller / occupant: Wajax (operating site since acquisition of NorthPoint in 2020)
- Price: $10.95 million
- Address: 11115 100th Ave., Grande Prairie
- Building size: 40,411 sq. ft.; Land: 4.55 acres
- Closing date: July 31
| Item | Detail |
|---|---|
| Purchase price | $10.95 million |
| Building area | 40,411 sq. ft. |
| Lot size | 4.55 acres |
| Address | 11115 100th Ave., Grande Prairie |
| Transaction close | July 31 |
For city planners and economic-development officials, acquisitions like this can be a barometer of investor confidence in Grande Prairie’s industrial economy. The city’s role as a service and logistics hub for regional resource industries supports steady demand for specialised industrial buildings, particularly those configured for heavy equipment maintenance, parts storage and similar activities.
While Imperial Equities did not disclose financial details such as the capitalization rate or lease length, its stated strategy — and existing tenancy with Wajax — suggests the company views the asset as a fit with its existing Western Canadian holdings. For Wajax customers and employees in Grande Prairie, the immediate practical implications appear limited: the facility continues to operate as a maintenance and service provider for motors, generators and pumping systems.
As Alberta’s industrial market remains tight compared with national averages, attention will be on whether more acquisitions of this type occur in Grande Prairie and surrounding communities. For now, the sale secures the future of a major service hub within the city’s industrial fabric and signals continued investor interest in properties that underpin the region’s energy and forestry supply chains.
