Walton Global Closes on 41-Acre Industrial Site in Edmonton
Land sold for industrial development within Alberta’s manufacturing hub
Walton Global, a leading asset management and global real estate investment company, has announced the sale of Yellowhead Industrial, a 41.23-acre lot zoned for industrial use in Edmonton, Alberta. This transaction accompanies Walton Global’s two previous sales in the area under the Duggan Ranch Master Plan, including a 340-acre parcel and a 320-acre parcel, both positioned for residential development in Edmonton. The sales were finalized independently in July and August of this year.
“The sale of Yellowhead Industrial signifies Walton Global’s dedication to fostering growth and enhancing Edmonton’s business and industrial landscape,” said Rob Nixon, Senior Vice President of Real Estate for Walton Global. “With a portfolio encompassing over 4,900 acres in the region, our team of real estate professionals is committed to maintaining a dynamic presence here and continually exploring new opportunities.”
Yellowhead Industrial was sold as part of a larger Master Plan totaling 304 acres. The property will benefit from ongoing development in the region, such as the previous Walton project Henday Industrial Park, a $400 million industrial development located directly to the north.
Located just west of Anthony Henday Drive (Highway 216) and south of Yellowhead Trail (Highway 16), the project is in close proximity to major transportation arteries and is within the Winterburn Industrial Area Structure Plan (ASP). The ASP was adopted by Council in 2010, allowing for industrial development on the property.
In NE Edmonton, two Walton assemblies of land in the Duggan Ranch Master Plan—totaling 660 acres—were recently sold to Qualico Communities. At full buildout, the Duggan Ranch parcels are expected to host over 3,000 new single-family homes and 38 acres of commercial and multifamily development, with a variety of green spaces, playgrounds, and additional community infrastructure. The development at Yellowhead Industrial is expected to be built into a light and medium industrial subdivision, a welcome addition to the robust growth in Winterburn Industrial ASP.
