Breaking New Ground: Princess Auto Development at Stoney North Logistics Centre

GWL Realty Advisors, in partnership with Enright Capital Ltd., is pleased to announce the groundbreaking of Phase I of Stoney North Logistics Centre. This development will feature over 2 million square feet of Tier 1 industrial warehouse space across 118 acres.

Our initial construction phase includes a 605,000 square foot next-generation warehouse, exclusively developed for Princess Auto Ltd., a prominent Canadian retail chain specializing in farm, industrial, garage, hydraulics and surplus items.

“We extend our gratitude to our partner and the team at Rocky View County, along with Dialog Design, Urban Systems and Leeswood Construction, for bringing us to this milestone. Completion is anticipated in the second half of 2026,” said Geoff Heu, Vice President of Development for Western Canada. “We are eager to progress with future phases.”

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Balzac has become a key distribution hub for Western Canada, attracting major retailers for their warehousing and logistics needs. Stoney North Logistics Centre is strategically located north of Calgary, offering easy access to Stoney Trail (Calgary’s ring highway) and Deerfoot Trail (Highway 2), ensuring efficient routes to destinations throughout Calgary and Western Canada.

Stoney North Logistics Centre in Balzac, Alberta, is developed on behalf of GWLRA’s client, The Great-West Life Canadian Real Estate Investment Fund No. 1 (CREIF).

GWL Realty Advisors manages an $18 billion portfolio, with over 30% invested in the industrial sector. This project demonstrates our strength in managing and developing industrial assets, following successes such as Delta iPort in BC and Abbotside Way in the GTA.

We look forward to delivering this state-of-the-art facility for Princess Auto and advancing our development pipeline.