Calgary Portfolio of properties for Sale - Northwest
TD Cornerstone Commercial Realty Inc. and RBC Capital Markets Real Estate Group Inc. (collectively, the “Advisors”) are pleased to offer for sale a 100% freehold interest in Northland Village (the “Property”, “Northland”, or the “Offering”), a dominant 435,420 sf open-air shopping centre located at 5111 Northland Drive NW and 4600 Shaganappi Trail NW, Calgary, Alberta. The Offering represents an exceptionally rare opportunity to acquire a high-quality, recently redeveloped, open-air shopping centre with secure long-term cash flow and future development potential.
Northland Village’s open-air retail component comprises 383,041 sf of GLA on an expansive 30.32 acre site. It is complemented by a separately titled professional centre, which offers 52,379 sf of GLA on a 1.49 acre site and caters to local professional and medical tenants. The Property has been a fixture in Calgary’s retail landscape for decades and has recently undergone a major redevelopment and repositioning, enhancing the tenancy mix with a focus on necessity-based and service-oriented retailers. Anchored by major national tenants including Walmart, Best Buy, Goodlife, Winners, and Dollarama; and complemented by a successful roster of regional tenants including Italian Centre Shop, Paramount Animal Hospital, Source for Sports; the Property is well positioned to continue drawing high quality tenants generating strong consumer traffic.
Located immediately east of the intersection of Crowchild Trail NW and Shaganappi Trail NW; fronting onto Northland Drive NW; the Property boasts excellent exposure onto three major roadways, is highly accessible, and well positioned to benefit from continued economic growth within the surrounding region. The Property’s central location benefits from excellent transit connectivity and accessibility. Brentwood LRT Station, less than five minutes away, links the site directly to downtown Calgary and the broader metropolitan region. Key bus routes and pedestrian pathways further integrate the site with its surrounding communities. In addition, the centre’s location is situated within an established affluent residential catchment, ensuring a stable and growing consumer base with strong spending power.
Northland offers prospective investors secure, sustainable cash flow with 80% of in-place gross rent generated from national and regional tenants, rental upside via contractual escalations supported by credit-rated national tenants. With surface parking stalls and an expansive acre site, the Property provides flexibility for future densification, mixed-use redevelopment, and strategic phased repositioning over time. Northland is ideally suited to meet the evolving demands of today’s consumer, combining grocery, convenience, and accessibility in a format that is both adaptive and resilient.
On behalf of the Vendor, the Advisor is seeking expressions of interest from qualified parties on the basis of information included within the Confidential Information Memorandum, property tours, and electronic data room.
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