Salomons Commercial is pleased to present the opportunity to acquire 100% of the shares in Harvard Park Business Centre ("Harvard Park").
Harvard Park is a former army base that was owned and developed by the Department of National Defense in what now forms part of the Red Deer Regional Airport (YQF). It was initially acquired and developed to train pilots for World War II and in 1966 was renamed CFB Penhold as a result of unification of the armed forces. In 1996, Harvard Park was sold by the federal government to the current owners.
Harvard Park is located in the middle of Springbrook, the hamlet that Red Deer Regional Airport resides in, and just south of the City of Red Deer. It consists of 92.39 acres of land across sixteen titles and eighteen various residential and commercial buildings totaling just under 400,000 square feet. Include
Various parts of the property are leased to numerous tenants including its anchor tenant Montair Aviation, a professional flight training school. In addition, the property consists of numerous residential buildings, training and catering business, self storage, distribution warehousing, and airport support facilities. Approximately 46 acres of Harvard Park is bare land for future development including Lot 17, a 38.45 acre parcel which is located near the future airport terminal and is included in the Master Plan for YQF.
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Listing information last updated on January 21st, 2021 at 7:45pm MST.