Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 29, 2013, Winnipeg, Manitoba C M Y K PAGE B4 Commercial Properties & Investments .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. $ 1,395,000 .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. $ 1,375,000 5711 Portage Ave. 831 Henry Ave FOR SALE/ LEASE FOR SALE/ LEASE FOR SALE FOR SALE 1524 Erin St. 565 Roseberry St. FOR MORE INFORMATION CONTACT: Ian Corbett .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. PROFITABLE Beal Consultants Helps People BUY, SELL, & VALUE their BUSINESS. We provide the following services: .. Business Brokerage .. Business Valuation .. Succession Planning/ Exit Strategies Call Steven Beal MBA, CGA, CFA, CBV at 204- 478- 7266, x109 www. bealconsultants. ca BBUSINESS OOPPPPOORRTTUNITTIES! Weight Loss Clinic Revenue: $ 478K Asking Price: $ 200K Bridal Shop Revenue: $ 670K Asking Price: $ 100K ( plus Inventory) Metal Fabrication Business Revenue: $ 580K Asking Price: $ 650K Seasonal Contractor Revenue: $ 610K Asking Price: $ 650K Auto Repair and Power Product Dealership Revenue: $ 1.4M Asking Price: $ 399K ( plus Inventory) Winnipeg Convenience Store Revenue: $ 2M Asking Price: $ 249K ( plus Inventory) Small Town Grocery Store/ Meat Shop Revenue: $ 765K Asking Price: $ 350K ( plus Inventory) Thompson Hotel & Restaurant Business Revenue: $ 1,980K Asking Price: $ 1,599K Breakfast & Lunch Restaurant Revenue: $ 140K Asking Price: $ 99K FOR SALE OR LEASE 1439 Erin Sale or Lease. This self- contained Office Warehouse building of 10,200 Sq. Ft. used formerly as a millwork shop with all the amenities. Office area of 600 sq. ft. with production the balance. 17,800 Sq. Ft. Lot. Zoning M1. Heavy duty Power. Boiler. Grade level loading. Various ceiling heights 11 - 14 feet. Possession Arranged. For further details contact: Graeme T. Rowswell rowswell@ mts. net 204.981.7455 G. T. Rowswell Realty Leasing Co. 300- 460 Main Street, Winnipeg, Mb. R3B 1B6 Ph: 204- 957- 1834 Fax: 204- 943- 8696 PRICE REDUCED Commercial Real Estate Investment Division Ed Yuzak 204- 475- 9130 FOR LEASE Downtown Location 3,200 sq. ft. Office Building Excellent exposure. Located at a major traffic flow artery. Parking available for 20 vehicles. Suitable for restaurant, medical, legal, insurance offices and numerous other type businesses INCLUDING RETAIL. Air conditioned. BUSINESS EDITOR: SHANE MINKIN 204- 697- 7308 business@ freepress. mb. ca I winnipegfreepress. com MONDAY, JULY 29, 2013 B 4 W HAT began as a trickle earlier this year has grown into a steady stream as more retail tenants are drawn to one of the city's newest and largest retail power centres - the IKEA- led Seasons of Tuxedo. " Since the spring, we've continued to have a steady flow of interest in the site," CBRE Winnipeg president Derrick Chartier, the leasing agent for the centre, said. " Definitely the momentum is picking up." Chartier said one big- box store ( Cabela's) and four new mid- sized box stores have opened in the centre since the spring, including two - River City Sports and Structube, a Montreal furniture chain - within the last seven weeks. Vancouver- based Fatburger Canada will open its first Winnipeg restaurant Aug. 8. The 1,700- square- foot outlet is located in the same building as three other fast- food eateries - Subway, Pita Pit and Taco del Mar. Chartier said the centre's restaurant lineup won't end there. " We're also working with a couple of family, sit- down restaurants for the site. And they'll be new to the market, as well." Chartier wouldn't give any hints because negotiations are ongoing, but he hopes to have deals finalized within the next 60 days. Two new tenants he could be talking about are Shell Canada, which will build a stand- alone gas bar/ convenience store/ car wash complex, and Assiniboine Credit Union, which is building a stand- alone 5,700- square- foot branch in the centre, which is located on Sterling Lyon Parkway immediately west of Kenaston Boulevard. Chartier said work also is underway on the first large multi- tenant building for the site. The 22,000- square- foot structure will have 12 or 13 tenants, most of them service- related operations. Although no leases have been signed, talks are underway with a number of interested parties. " I think we'll be done ( leasing all of the space in the building) by the fall, quite easily," he said. Although there's been a lot of interest in the Seasons of Tuxedo since plans were first unveiled in 2009, Chartier said a lot of prospective tenants seemed to be waiting for the first two anchor tenants - IKEA and Cabela's - to open before committing to the project. ACU vice- president and chief financial officer Allan Godfrey confirmed ACU officials did take a wait- and- see approach. But they weren't just waiting for last November's opening of IKEA's 395,000- square- foot megastore. " We wanted to see what else was going to come there besides IKEA - what other kinds of retailers," Godrey explained. He said while IKEA will draw shoppers from all over Winnipeg and beyond, ACU officials wanted to make sure there also would be retail outlets there that would attract neighbourhood residents ( and ACU customers) on an almost daily basis - such as fast- food restaurants. " And we think it will be a place they're going to be used to going to," he added. " It ( going there) will be part of their daily routine." Godfrey said the new ACU branch, which is expected to open in mid- 2014, will replace two smaller branches - one on Scurfield Boulevard and the other in the Kenaston Village Mall at the corner of Grant Avenue and Kenaston Boulevard. Frank Di Benedetto, the B. C. businessman who is the Fatburger franchisor for Canada, said he was also drawn to Seasons of Tuxedo because of its broad mix of retail tenants. He said having IKEA there also helped to seal the deal because of its tremendous drawing power. " We believe this is an ideal location because it will allow us to introduce Fatburger to shoppers from far and wide, who will be drawn to the centre from northern Manitoba, eastern Saskatchewan and northwestern Ontario." Although the 42- seat Seasons of Tuxedo outlet is Fatburger's first in Winnipeg, Di Benedetto is confident it won't be the last. He said he expects the chain's local franchisee - a group of three local entrepreneurs - to open a second outlet within the next 12 to 18 months, and up to five or six in the next five years. While some might think having an IKEA megastore next door would be a drawback for another furniture store, the assistant manager of Structube's new outlet said the opposite is true. " We complement each other," Barbara Erickson said. " And they ( IKEA stores) do attract quite a few customers to the area." Structube's 10,000- square- foot store carries a variety of contemporary and modern home furnishings and accessories. Season of Tuxedo's co- developers, IKEA and Winnipeg's Fairweather Properties, expect the power centre to boast up to 1.5 million square feet of retail space by the time it's fully developed. The centre will also feature a multifamily residential component and an office component. But details of those aspects of the development have not been disclosed. Know of any newsworthy developments in the local office, retail, or industrial real estate sectors? Let Murray McNeill know at 204- 697- 7254. murray. mcneill@ freepress. mb. ca - The neighbourhood: . A 395,000- square- foot IKEA store, which opened last November. . An 8,000- square- foot Bouclair's home- furnishings store - the Montreal- based chain's first in Winnipeg. It was the second tenant to arrive, opening in March. . A 70,000- square- foot Cabela's store, which opened in May. . A Dollarama store, which also opened in the spring. . A 1,500- square- foot Pita Pit restaurant, which opened in April. . A Subway sandwich restaurant and a Taco del Mar Mexican restaurant, which also opened in the spring. . A 17,000- square- foot River City Sports store, which opened June 4. . A 10,000- square- foot Structube homefurnishings store, which opened July 2. . A 5,200- square- foot Assiniboine Credit Union is scheduled to open in mid- 2014. . A Shell gas bar/ convenience store/ car wash. Opening date not available. . A 22,000- square- foot multi- tenant complex that's expected to house 12 or 13 retail tenants. The building's shell should be completed by the end of October. Seasons of Tuxedo lineup growing More retail tenants locate in south ' Peg COMMERCIAL REAL ESTATE MURRAY McNEILL KEN GIGLIOTTI / WINNIPEG FREE PRESS The Seasons of Tuxedo retail centre will boast a Fatburger outlet when it opens Aug. 8. The leasing agent is in talks with owners of sit- down restaurants. B_ 04_ Jul- 29- 13_ FP_ 01. indd B4 7/ 28/ 13 7: 48: 21 PM ;