Box Springs Business Park Booming
Medicine Hat retail/industrial development presents compelling opportunity for investors, retailers and other growth-minded corporations
Start with that big, beautiful, red Costco sign. It’s just one among dozens of compelling reasons to set up shop in Medicine Hat’s Box Springs Business Park, ideally situated just off Highway 1, on the city’s rapidly growing north side.
Since opening its doors in 2007, Costco has served as the ideal anchor tenant for the thriving park, which sits adjacent to the town of Redcliff, although remaining within the Medicine Hat city limits.
“We think Costco is the ultimate anchor tenant and a terrific draw for consumers. This store has a great following throughout the region and generates amazing volumes of traffic for the park at large,” enthuses developer/ partner Darren Skovmose, who speaks for the ownership group that operates BSBP.
“This traffic will benefit all future retail stores and restaurants,” Skovmose adds. “There is a wonderful spillover effect.”
Also the future site of the city’s 6,500- seat Regional Events Centre, where the Western Hockey League’s Medicine Hat Tigers will play their home games, Box Springs Business Park serves a trading area of more than 200,000 people and is located within an easy five-minute drive of half the population of Medicine Hat and Redcliff.
The four-member ownership group, which started 10 years ago with nothing but 500 acres and a dream, has just completed an exciting growth year at BSBP, adding a Petro-Canada Travel Centre, Fox Safety and new A&W and Boston Pizza restaurants. The team is looking forward to an even bigger year in 2015, with $125 million worth of construction already under way. This year, grand openings are planned for Princess Auto, the luxurious Hampton Inn & Suites and the Regional Events Centre, which will play host to trade shows and concerts as well as to major junior hockey.
But the members of the ownership group are far from finished. They are open to any and all proposals, from the sale of serviced land to proposed joint ventures.
“We continue to seek developers, national tenants or stand-alone businesses which have enjoyed success in similar communities,” Skovmose says.
“Our company is unique. We operate our own deep-utility division and offer plumbing, heating and electrical services to our customers. In other words, we will build to suit,” he continues. “We will sell land to individual buyers and, should they require our assistance, we’ll supply them with everything they need and then hand them the keys.”
Among other high-profile tenants, the Box Springs Business Park is already
home to a variety of retail and commercial enterprises, including the Bank of Nova Scotia, Penn West Energy, CO3 Energy, Canadian Natural Resources, Mattress Mattress, Snap Fitness, Kal Tire, CARSTAR and professional offices.
“Since we’re situated right on the No. 1 Highway, our tenants are in a terrific position to serve travellers, especially those coming in from Saskatchewan,” Skovmose points out. “Medicine Hat is the first major centre on the main route from the east.” That includes a significant number of Americans who come north to shop from the regions in and around Havre, Mt.
“We pride ourselves on our flexibility,” Skovmose says. “We’re happy to talk to land developers, retailers, engineering companies and other professional offices. There’s really nothing we can’t do. We can stand back and allow you to develop your own property site within BSBP or we can do the development work for you.”
Interested in learning more? Contact Darren Skovmose directly at 403.548.5526 or by email at email@example.com. www.bsbp.ca