Irvine, Calif.-based developer Panattoni has purchased a 100-acre development in northwest Edmonton, a site with room for up to two million square feet of industrial real estate.

The property is on the corner of 137 Avenue and 156 Street in the city’s northwest industrial corridor.

“This is our next big development site, and we’re very excited to get it off the ground. I think the location is second to none in the Edmonton market, and we’re confident it’s going to be very attractive,” Mark Edwards, vice-president of development at Panattoni, said in an interview with RENX.

As well, the plan calls for Panattoni to offer build-to-suit opportunities.

The property was purchased from the owner of the currently operating Twin Willows Golf Club, which is located at 14110-156 St.

Pre-designated as future industrial

While it needs some work to be ready for future tenants, the zoning is mostly in place, Edwards explained.

“It’s FUD, which means future urban development. It’s quite a catch-all under the city’s land use. But it’s been pre-designated as future industrial so it requires rezoning. It’s pre-designated under the (Mistatim) area structure plan.”

The price paid for the development is “not public at this point,” Edwards said.

“Our intention is to start construction on two buildings in 2027 for 2028 occupancy. As well as having the site available for built-to-suit tenants and fully built out is around two million square feet of industrial,” Edwards said.

The property is close to another of the firm’s developments, Apex and Apex North, which are “essentially complete.”

“We developed Apex Phase 1, which has three buildings for just under a million square feet and then Apex Phase 2 is under development currently. There’s one building under construction there now, as well as the completion of the site services are being completed in the summer of 2026 this year,” he said.

“This is a natural progression for Panattoni to move to that next stage once those are complete.”

The company has developed more than 700 acres and five million square feet of industrial space in Alberta in its more than 20 years in the province.

“There are tenants that want to be inside the city of Edmonton limits, and that northwest Edmonton area has proven to be successful for us. We want to continue to grow in that area,” Edwards said.

Northwest corridor ripe for development

Building in that area of the city continues to be attractive for privately held Panattoni, which has 69 offices in the U.S., Canada, Europe and Asia and is responsible for the development of more than 630 million square feet of real estate.

“It’s located on two major arterial roads. It’s within a kilometre and a half from the Anthony Henday in two different directions," Edwards said. "It’s a straight shot to get to the Yellowhead Trail down 156, so it’s connected to all of the major transportation routes. It’s also on bus routes. There’s a large employee base that’s accessible."

Also, there is a connected trail system nearby.

“All of the boxes that that occupiers are looking to check; it really checks them all.”