BOUCHERVILLE, Que. – Lowe’s Canada has contracted with Highfield Investment Group, a Calgary-based investment company that operates and manages assets in residential and commercial real estate developments and construction, to develop a new Lowe’s Canada distribution centre in the High Plains Industrial Park, within Rocky View County northeast of Calgary.
This project is part of Lowe’s Canada’s plans to streamline its Canadian distribution network. The new 1,230,000-square-foot facility is expected to open in the fall of 2021 and will represent a joint investment of more than $120 million.
“This new distribution centre will allow us to substantially enhance our distribution network capacity and serve our Lowe’s and RONA corporate stores and customers, as well as our RONA affiliated dealers, more efficiently throughout Western Canada,” said Gregor Stuart, senior vice-president, supply chain at Lowe’s Canada.
“We are thrilled with this new venture. With the recent acquisition of our Boucherville distribution centre in Quebec, it is yet further evidence of Lowe’s Canada’s commitment to always better serving our Canadian customers.”
“High Plains Industrial Park is centre ice for corporate Canada’s western distribution centres and e-commerce fulfillment facilities due to its excellent transportation efficiencies, outstanding labour force, and compelling rent economics,” said Adrian Munro, president, Highfield Investment Group.
“We’re excited to be the developer of choice for the largest leased distribution centre in Western Canada.”
The construction of this new distribution centre is commencing in June 2020. Located in the High Plains Industrial Park, it will consolidate the capacity of several existing Lowe’s Canada satellite warehouses and regional distribution centres located in the Calgary market. Lowe’s Canada’s existing distribution centre, located at 2015, 60 Street SE in Calgary, will not be impacted by this project and will remain in operation.
Advisors and partners to the parties to the transaction include Jones Lang LaSalle Brokerage for Lowe’s Canada, and CBRE, Hillwood, and Highwood for Highfield Investment Group.