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We are pleased to present the Q2 2019, Retail Multi-Property Report. Brochures are linked SITE (online) to each property for more information.

Please feel free to contact any member of the Blackstone Commercial team for further information.

Feature Properties Windsong Airdrie ...... 2 Thorncliffe Professional . . 3 Westmount Village . . . . .5 2 Bower Plaza, ...... 6

For Sale or Lease in Q2 2019 Airdrie ...... 2 ...... 2-4 MULTI-PROPERTY REPORT Okotoks ...... 5 Red Deer ...... 6 RETAIL in Saskatchewan Warman ...... 6

Leased / Sold ...... 7

Retail Market Forecast and Trends ...... 8 3 5 Team Contact Info . . . . .9

...... Blackstone Commercial is YOUR COMPLETE REAL ESTATE SERVICE PROVIDER. 6

9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com FOR LEASE Windsong Airdrie, Leasable Area 3166 Windsong Blvd. SW, Airdrie, AB Building 1 (7,556 ± sq. ft.) Unit 2 1,109 ± sq. ft. Unit 1 1,195 ± sq. ft. Unit 3 1,002 ± sq. ft. Unit 2 1,292± sq. ft. Unit 4 1,502 ± sq. ft. Unit 3 1,292± sq. ft. Unit 5 1,652 ± sq. ft. SITE Unit 4 1,292± sq. ft. Unit 6 1,776 ± sq. ft. Windstone Link Unit 5 1,292± sq. ft. Building 3 (4,822 ± sq. ft.) Unit 6 1,195 ± sq. ft. Unit 1 1,607 ± sq. ft.

8 Street S

Windsong Blvd Building 2 (9,185 ± sq. ft.) Unit 2 1,607 ± sq. ft. Unit 1 1,992 ± sq. ft. Unit 3 1,607 ± sq. ft. 40 Ave SW Net Rate: $32.00 psf Available: Summer 2020 Op Costs: $10.00 psf Contact Information Sandra Easton ...... direct: 403 291 8873 Shane Olin direct: 403 313 5305

FOR LEASE 500 Centre, Leasable Area 500 Centre Avenue SE, Airdrie, AB Unit 109 1,033 ± sq. ft. $30.00 psf $9.00 psf (est.) Unit 113 1,033 ± sq. ft. $30.00 psf $9.00 psf (est.) Unit 117 1,033 ± sq. ft. $30.00 psf $9.00 psf (est.) Unit 121 1,055 ± sq. ft. $30.00 psf $9.00 psf (est.)

• Available: Immediately • New building in great location with easy access to Highway 2 and • Busy retail complex with adjacent units fully leased • Ample surface parking available • Unit 109 is roughed for salon plumbing • High retail exposure Contact Information Rebecca Breneman ...... direct: 403 291 8863 Sandra Easton ...... direct: 403 291 8873

FOR LEASE Fairmount Plaza, Leasable Area 7204 Fairmount Drive SE, Calgary, AB Unit Size Net Rate Op. Costs Unit 5 1,000 ± sq. ft. $28.00 psf $10.00 psf

• Approximately 17,000 vehicles per day (VPD) passes through Fairmount Drive SE • Centrally located, easy access to Calgary’s major thor- oughfares: , , and • Current tennants include a Liquor Store, Donair/ Shawarma, Massage, Convenience Store and Subs/ Vietnamese.

Contact Information Sandra Easton ...... direct: 403 291 8873 David Mulholland direct: 403 291 8869 Rebecca Breneman ...... direct: 403 291 8863

2 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com FOR LEASE Thorncliffe Professional, Leasable Area 5440 4th Street NW, Calgary, AB Unit Size Net Rate Op. Costs Unit 20 1,999 ± sq. ft. $18.00 psf $17.27 psf (2019) Unit 26 1,126 ± sq. ft. $18.00 psf $17.27 psf (2019) • Op Costs: Electricity not included • Located right in the heart of the well-established neigh- bourhood of Thorncliffe • Built out as a physiotherapy clinic but can be subdivided and demised • Vacant Space Ideal for: Medical Specialist, Accountant office, Real Estate office or Studio use etc. • Energy efficient building and Elevator for Handicap access including elevator to 2nd floor Contact Information David Mulholland direct: 403 291 8869 Sandra Easton ...... direct: 403 291 8873

FOR LEASE Forest Hills Plaza, Leasable Area 5315 - 17 Avenue SE, Calgary, AB Unit Size Net Rate Op. Costs LEASEDUnit 11 1,153 ± sq. ft. $26.00 psf $9.22 psf Unit 29 1,458 ± sq. ft. $24.00 psf $9.22 psf • Take out restaurant, retail or office space available now • Easy access off 17th Avenue SE with high traffic exposure • Improvements to 17th Avenue include the new Bus Rapid Transit (BRT), wider sidewalks, improved biking facilities, and new urban character elements • Located in the heart of “International Avenue”, Calgary’s new inner city district Contact Information Rebecca Breneman ...... direct: 403 291 8863 David Mulholland direct: 403 291 8869 Sandra Easton ...... direct: 403 291 8873

FOR LEASE First Acadia Place, Leasable Area 580 Acadia Drive SE, Calgary, AB Unit Size Net Rate Op. Costs Unit 208 2,089 ± sq. ft. Market $11.69 psf • Water and electricty are not included in operating costs • Newly 2nd floor (2016) built Retail / Office Centre on the busy intersection of Acadia Drive and Southland Drive • Existing Tenant 7/Eleven, Liquor Store, Hair Salon, Pharmacy, Medical Clinic, Dental Clinic, Laser & Skincare Clinic, Child & Youth Psychologist • Ideal for: Medical Specialist, Accountant office, Law office, Real Estate office or Studio use etc. • Elevator Contact Information Rebecca Breneman ...... direct: 403 291 8863 Sandra Easton ...... direct: 403 291 8873 David Mulholland direct: 403 291 8869 Marlene Zaharichuk ...... direct: 403 313 5309

3 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com FOR LEASE Forest Lawn Plaza, Leasable Area 4710 17th Avenue SE, Calgary, AB Unit Size Net Rate Op. Costs Unit A 4,202 ± sq. ft. $12.00 psf $13.90 psf

• Formerly a bar/pub • High visibility end-cap unit with access to 17th Avenue • 50% of the population in the community is between the ages of 25 to 54 years of age • Major east/west and north/south thoroughfares with traffic volume of ± 45,000 v.p.d. (17 Ave. SE) • Improvements to 17th Avenue include the new Bus Rapid Transit (BRT), wider sidewalks, improved biking facilities, and new urban character elements • High vehicle traffic with easy access off of 17th Avenue SE with new BRT station Contact Information Sandra Easton ...... direct: 403 291 8873

FOR LEASE Horton Park, Leasable Area Unit Size Net Rate Op. Costs 9705 Horton Road SW, Calgary, AB A100 1,714 ± sq. ft. $16.00 psf $13.55 psf A2001 2,193 ± sq. ft. $14.00 psf $13.55 psf A2102 5,767 ± sq. ft. $14.00 psf $13.55 psf B200 1,178 ± sq. ft. $14.00 psf $13.55 psf B206 1,134 ± sq. ft. $14.00 psf $13.55 psf B208 1,119 ± sq. ft. $14.00 psf $13.55 psf LEASEDC101 1,005 ± sq. ft. $14.00 psf $13.55 psf C104 3,022 ± sq. ft. $14.00 psf $13.55 psf LEASEDC105 470 ± sq. ft. $14.00 psf $13.55 psf 1 + 2,000 sq. ft. expansion space 2 A200-210 can be combined for a total of 9,979 ± sq. ft. Contact Information Sandra Easton ...... direct: 403 291 8873 Shane Olin direct: 403 313 5305

FOR LEASE Atrium Square, Leasable Area 4014 MacLeod Trail S, Calgary, AB Unit Size Net Rate Op. Costs Unit 1011 2,321 ± sq. ft. $20.00 psf $14.83 psf Unit 1031 1,357 ± sq. ft. $20.00 psf $14.83 psf Unit 206 1,007 ± sq. ft. $14.00 psf $14.83 psf Unit 220 1,805 ± sq. ft. $14.00 psf $14.83 psf Unit 3042 3,801 ± sq. ft. $14.00 psf $14.83 psf 1Can be combined for a total of 3,678 ± sq. ft. 2Unit 304 can be demised into 3 separate units • Quality office building adjacent to the 39th Ave LRT station • High retail exposure • Op costs include utilities Contact Information David Mulholland direct: 403 291 8869 Shane Olin direct: 403 313 5305

4 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com FOR LEASE Westmount Village, Leasable Area 200 Southridge Drive, Okotoks, AB Unit Size Net Rate 241 1,300 ± sq. ft. with bonus patio Market LEASED253 1,382 ± sq. ft. Market 263 4,208 ± sq. ft. with bonus balcony Market

• Op Costs: $11.05 psf + Gas and Electricty • Available: Immediately • Great unit in high traffic area of Southern Okotoks • This 5.4 acre shopping centre development is shadow anchored by Walmart, Canadian Tire and Sobeys • No cannabis

Contact Information Sandra Easton ...... direct: 403 291 8873 Marlene Zaharichuk ...... direct: 403 313 5309

FOR LEASE Westmount Centre, Leasable Area 1000, 200 Southridge Drive, Okotoks, AB Unit Size Net Rate Op. Costs #1003A 1,500 ± sq. ft. $28.00 psf $8.50 psf (2019) #1013 4,306 ± sq. ft. $28.00 psf $8.50 psf (2019) #1023 2,550 ± sq. ft. $28.00 psf $8.50 psf (2019)

#1071 C/L 1,315 ± sq. ft. $28.00 psf $8.50 psf (2019) CIMARRON BLVD #1233A C/L 2,112 ± sq. ft. $20.00 psf $9.92 psf (2019)

#1235 C/L 3,219 ± sq. ft. $20.00 psf $9.92 psf (2019) • Retail and office next to school, day care, health & wellness and biz services. Contact Information Sandra Easton ...... direct: 403 291 8873 Stacey Busse ...... direct: 403 313 5308 WESTMOUNT ROAD David Mulholland direct: 403 291 8869 Rebecca Breneman ...... direct: 403 291 8863

FOR LEASE Country Hills Plaza Leasable Area 100 Stockton Avenue, Okotoks, AB Unit Size Net Rate Op. Costs Unit 150 1,684 ± sq. ft. $16.00 psf $9.22 psf Unit 160U 1,447 ± sq. ft. $12.00 psf $9.22 psf Yard 0.25 - 1 acre $1.75 psf • Located on major thoroughfare in Okotoks • High visibility retail and office location • Good retail leads and only 20 minutes from Calgary • Utilities included in operating costs • Ideal for medical, office, gym, yoga studio or learning centre Contact Information Ian Burak ...... direct: 403 291 8866 Stacey Busse ...... direct: 403 313 5308 David Mulholland direct: 403 291 8869

5 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com FOR LEASE Bower Plaza, Leasable Area 2325 50 Avenue, Red Deer, AB Unit Size Net Rate Unit 100 C/L 1,861 ± sq. ft. $30.00 psf Unit 101 1,797 ± sq. ft. $30.00 psf

Unit 103 C/L 2,700 ± sq. ft. $30.00 psf • Op Costs + Taxes: $10.67 psf (2019) • Excellent exposure with high vehicular traffic counts on Gaetz Avenue (main thorough fare in Red Deer) • Located at the entrance to Bower Mall • South Red Deer retail premises available immediately • Co-tenants include Dollar Tree, Tim Horton’s, Edward Jones, BMO, Pet Value etc. Contact Information Marlene Zaharichuk ...... direct: 403 313 5309 Shane Olin direct: 403 313 5305

FOR LEASE Taylor Plaza, Leasable Area 6730 Taylor Drive, Red Deer, AB Unit Size Net Rate Op. Costs Unit 510 1 1,514 ± sq. ft. $24.00 psf $12.47psf Unit 520 1 1,850 ± sq. ft. $24.00 psf $12.47psf Unit 525 1 1,227 ± sq. ft. $24.00 psf $12.47psf Unit 810 1,500 ± sq. ft. $24.00 psf $12.47psf 1 510-525 can be combined for a total of 4,641 ± sq. ft. • Busy location on the corner of 67th Street and Taylor Drive in Red Deer’s north end, on a major thoroughfare surrounded by residential • Tenant Mix: A&W, Starbucks, Community Savings, CO-OP gas Bar and liquor store are just a few of the many businesses located here Contact Information Marlene Zaharichuk ...... direct: 403 313 5309 Shane Olin direct: 403 313 5305

FOR LEASE Legends Plaza, Leasable Area 810 Centennial Blvd, Warman, SK Unit Size Net Rate Op. Costs Inline* 1,500 - 3,300 ± sq. ft. $24.00 psf $6.24 - 7.90 psf Inline 1,435 ± sq. ft. $24.00 psf $6.24 - 7.90 psf Pad Site 1,500 -10,000 ± sq. ft. $32.00 psf $6.24 - 7.90 psf *Inline units can be combined or subdivided • Available: Immediately • Located in the Saskatoon community of Warman, which boasts a growth rate of 19% in the last 5 years • Located on crossroads of main arterial to new Highway 305 In partnership with: Contact Information Ken Kreutzwieser ...... direct: 306 933 2929 Shane Olin direct: 403 313 5305 Rebecca Breneman ...... direct: 403 291 8863 Marlene Zaharichuk ...... direct: 403 313 5309

6 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com LEASED Simons Valley Plaza Leasable Area 6219 NW, Calgary, AB Unit Size Net Rate Op. Costs Unit 5 1,112 ± sq. ft. $30.00 psf $12.24 psf

• Great smaller unit in high traffic area • Vacant, quick move in available • Easy access off of 64th Avenue NE with transit directly in front of the property • Pylon signage available • Tenant Mix: Drug Store, Cash Money, Pub, Butcher, Liquor store, Medical, Vet Clinic and Chinese take-out

Contact Information RebeccaLEASED Breneman ...... direct: 403 291 8863 David Mulholland direct: 403 291 8869 Marlene Zaharichuk ...... direct: 403 313 5309

LEASED Manchester Industrial Leasable Area 5539 - 2 Street SW, Calgary, AB Unit Size Net Rate Op. Costs Units 302 1,800 ± sq. ft. $13.50 psf $5.67 psf

• Located in Manchester with excellent access to and from Macleod Trail

• Surrounded by a wide range of high profile amenities including Chinook Shopping Centre and the LRT Station

• Front access drive in loading bays

• Great unit for a vet or complimentary animal use

Contact Information SandraLEASED Easton ...... direct: 403 291 8873 Rebecca Breneman ...... direct: 403 291 8863

LEASED 6439 67th Street and Leasable Area 6660 Taylor Drive, Red Deer, AB Building Unit Size Mezzanine (67th St.) Unit 107 4,300 ± sq. ft. 1,099 sq. ft. (67th St.) Unit 105 2,250 ± sq. ft. 563 sq. ft. (67th St.) Unit 103 4,300 ± sq. ft. 1,099 sq. ft. • Net Rate: $12.00 psf • Op. Costs: $4.63 psf • FREE Mezzanine space in each bay • Yard available 2,000 - 12,000 ± sq. ft. at $1.00 psf / year • I-1 (Light - Industrial) District allowing a wide variety of warehousing, distribution, sales and service businesses • 3 months FREE rent! Contact Information Shane LEASEDOlin direct: 403 313 5305 Marlene Zaharichuk ...... direct: 403 313 5309 Rod MacWhirter ...... direct: 403 391 0565

7 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com Sales Transactions Q2 Calgary, AB

3030 32 AVE NE 17103 JAMES MCKEVITT RD SW Price Breakdown: $222 / SF Price Breakdown: $474 / SF Sale Price: $12,450,000 Sale Price: $7,300,000 Lot Size: 3.00 Acres / Building Area 56,084 SF Lot Size: 1.8 Acres / Building Area 15,400 SF Sale Date: 05/01/2019 Sale Date: 05/22/2019 Subdivision: Horizon Industrial Park Subdivision: Somerset Category: Commercial / Retail Category: Commercial / Shopping Centre

Retail Market Forecast and Trends

Calgary Demographics Retail Sales - Calgary Population (2019 estimated) 1,538,573 2017 2018 2019 YoY Median Age 36.6 years per Capita $19,976 $20,289 $20,521 Calgary Unemployment 6.7% (July2019) Growth 8.3% 3.3% 3.0%

Retail Cap Rates (Q2 2019) Retail Sales Regional 4.75 5.25 Goods Purchased For Resale (Alberta) - $million Power 5.75 6.25 May 2018 6,943 Neighbourhood 5.30 6.00 May 2019 6,838 Strip 5.50 6.00 Change -1.5%

Consumer Price Index Oil ($US/bbl) June Trend 2018 2019 Change June Trend 2018 2019 Change Alberta 140.7 142.7 1.4% WTI 67.32 54.71 -18.7% Energy 172.0 157.6 -8.4% Brent 75.94 63.04 -17.0% Food 143.2 149.5 4.4% WCS 46.59 41.34 -11.3%

8 9705 Horton Road SW, Unit A210 Calgary, Alberta, T2V 2X5 (403) 214-2344 www.blackstonecommercial.com For further information, please contact any of our experienced real estate professionals:

Shane Olin Marlene Zaharichuk President Vice President / Property Manager Broker direct: 403 313 5309 direct: 403 313 5305 cell: 403 805 5600 [email protected] [email protected]

Ian Burak Sandra Easton Senior Associate / Sales & Leasing Associate

direct: 403 291 8866 direct: 403 291 8873 cell: 403 466 7841 cell: 587 777 3545 [email protected] [email protected]

Grant Potter Stacey Busse Associate Associate

direct: 403 398 7182 direct: 403 3313 5308 cell: 403 870 4953 cell: 403 463 9912 [email protected] [email protected]

Rebecca Breneman David Mulholland Associate Associate

direct: 403 291 8863 direct: 403 291 8869 cell: 403 831 2553 cell: 403 714 5539 [email protected] [email protected]

For General Enquiries connect with us: [email protected] / (403) 214-2344

Head Office: Unit A210, 9705 Horton Road SW, Calgary, Alberta, T2V 2X5 | P (403) 214-2344

Red Deer Office: Saskatoon Office: Kelowna Office: Unit 107, 6439 67th Street, Unit 210, 350 3rd Avenue N, 206, 1441 Ellis Street, Red Deer, Alberta, T4P 1A3 Saskatoon, Saskatchewan, S7K 2J1 Kelowna, BC, V1Y 2A3 P (403) 214-2344 P (306) 952-4999 P (250) 434-4424