Anthem Properties and Arrowleaf Real Estate Partner on Prime Calgary Industrial Development
CALGARY, Alberta – Anthem Properties Group and Arrowleaf Real Estate have announced a strategic partnership to develop a major new industrial complex in Calgary, marking a significant investment in the city's commercial real estate landscape. The project, named Glenmore Yards, represents the first phase of a master-planned industrial development on a 95.6-acre site that Anthem acquired in 2022.
Project Details and Scope
The initial phase involves constructing a 438,300-square-foot, state-of-the-art A-class industrial space spread across 20.8 acres in Calgary's South Foothills East Industrial district. This construction-ready development will consist of three buildings designed to be held long-term by both companies, with development and building permits already secured and early-stage construction activities underway.
At full build-out, Glenmore Yards is planned to accommodate approximately 1.7 million square feet of A-class space, featuring:
- Small to medium format warehouses
- Flex office and industrial space
- Ancillary retail components
Addressing Market Demand
The development comes at a critical time for Calgary's industrial market, where vacancy rates stand at just 3.8% amid rising rents and limited availability of sub-30,000-square-foot bay spaces. The project specifically targets this underserved segment with unit sizes starting at 7,000 square feet.
"In today's real estate market, successful investments require partnership alignment, discipline, and execution," stated Robert Harrison, Chief Operating Officer at Arrowleaf Real Estate. "Industrial fundamentals in Calgary remain compelling, but the margin for error is tighter than it's been in years. That makes trusted partnerships essential."
Building Specifications and Features
The three-building complex will offer differentiated space configurations:
- Buildings 1 and 3 will feature small-format bays ranging from 7,400 to 11,000 square feet, ideal for businesses requiring showroom space with retail exposure
- Building 2 will provide medium-format warehouse space with 14,300-square-foot bays, catering to diverse operational requirements
Key architectural and functional features include:
- High dock-to-drive-in ratios for efficient loading operations
- Functional 28-foot to 32-foot clear ceiling heights
- Abundant storefront glazing for natural light and visibility
- Prominent positioning for maximum exposure in the southeast industrial submarket
Strategic Location and Connectivity
Glenmore Yards occupies one of the largest industrial land parcels in southeast Calgary, strategically positioned at the intersection of Glenmore Trail and Barlow Trail. The site offers exceptional transportation connectivity with proximity to:
- Glenmore Trail
- Barlow Trail
- Deerfoot Trail
- 52nd Street SE
- Stoney Trail
The development sits less than 3 kilometers from the CPR Intermodal Facility, providing enhanced logistics capabilities for future tenants.
Partnership Strengthens Alberta Presence
"Glenmore Yards is an exciting, state-of-the-art small and medium format industrial development in Calgary's South Foothills that will bring much-needed space to a central, high-visibility location in the city," said Joe O'Brien, Senior Director of Asset Management and Investment at Anthem Properties. "We're thrilled to be partnering with Arrowleaf on a second development, strengthening this important relationship as we deliver Great Space in Alberta."
The partnership between Anthem Properties and Arrowleaf Real Estate combines local market expertise with development capabilities, aiming to deliver high-quality industrial space that meets the growing demands of Calgary's expanding population and business community. With flexible unit sizes and modern amenities, Glenmore Yards is positioned to attract a broad tenant base while contributing to Calgary's industrial infrastructure development.
