Moncton's Industrial Parks just keep on growing!
The past twenty years have seen a lot of change in Moncton's industrial parks. Looking back to 1993, at that time Caledonia Industrial Estates was a small park in terms of the opened area available for development and in the number of companies in place. The Moncton Industrial Park was the primary industrial park for the city with some 500 acres developed and with 100 acres still available for new projects.
Fast forward to 2013 and what you'll find is a very different industrial park picture. Looking to the future, Moncton Industrial Development took the initiative to invest in the long term growth potential of Caledonia Industrial Estates.
That investment involved three major infrastructure expansions to open up about 700 acres of land bringing the total opened area of the park to 960 acres. Work also involved the building of a new interchange on the Trans Canada Highway, giving the park direct access to the principal ground transportation link for the region. In the intervening years, 585 acres have been sold making way for a variety of projects both large and small.
Meanwhile in the Moncton Industrial Park still retained its attraction for additional projects and so those remaining 100 acres were sold. Once again, looking long term, Moncton Industrial Development acquired 600 acres adjacent to the park to enable its continued growth and expansion. The rationale was simple. This was a successful industrial park and having options for prospective purchasers was essential. With the added 600 acres, the area of that industrial park has been doubled.
Acquiring land is one thing, making it useable is another. To that end, construction was launched to build the needed infrastructure to open phase one of the expanded area. This new section of the park has been named Moncton Industrial Park West, after all it is on the original park's west side and it is on the west side of the city. The first phase was completed in late 2011 making 120 acres available for new development. The entrance to MIP West is from Berry Mills Road, a controlled access highway that takes you straight to the Trans Canada Highway. To date a total of 30 acres have been sold and new projects have either been completed or are currently under construction.
In this twenty year span, a great deal of land has been sold in these two industrial parks but it's much more than selling land, it's about the businesses that have established in the parks. These businesses, which are a mix of national, regional and local enterprises, represent a lot of jobs and investment in this community.
So just what companies have moved in during this time? In the Moncton Industrial Park, you will find Royal Bank's telebanking centre, Robert Bury & Company, Genivar, Armour Logisitics, Uniselect, Gentek, Fancy Pokket Bakery and many more. In Caledonia, we have Molson which built its first new brewery in 50 years in this park. You'll also find Spielo Manufacturing, two Loblaw distribution facilities, Shoppers Drug Mart's Atlantic distribution centre, Irving Personal Care, and most recently CHEP Canada and McKesson Canada.
Not to be left out, in the new MIP West, Action Car and Truck Accessories was the first company in and so they picked a site on the corner at the entrance to the park. With its 75,000 sq. ft distribution and installation centre along with its head office, this attractive building set the standard for the new park.
That's what has been happening. But the action in Moncton's industrial parks has not stopped.
Caledonia Industrial Estates has become a distribution staging area for the Atlantic region. Adding emphasis to this accomplishment, one of the largest distribution centres ever built in Moncton is now in the early stages of development. At a size of some 400,000 sq. ft, along with another 60,000 OR SO sq.ft under canopy for its outside storage, when complete it will likely be the largest single distribution facility in the Province.
Kent Building Supplies operates 42 stores across Atlantic Canada with new ones in the works, including a new one close to Caledonia. With all those stores the distribution system is critical. It needs to be timely and efficient. Kent picked Caledonia to build this major new Kent Distribution Centre. It will be situated on a large parcel of land at the east end of the park in full view of all those travelling by on the Trans Canada Highway.
In MIP West, two new projects are in the early stages of construction. Parts for Trucks, a current resident of the Moncton Industrial Park, needed a new larger facility to keep on growing. It picked a site in the new MIP West. While it is slightly smaller than the Kent building, at 33,000 sq. ft, it is no less important. This will give Parts for Trucks a much larger facility than their current operation. It will be located along the main entry street, Horsman Road and based on the renderings, it will be an attractive facility.
On the opposite corner from Parts for Trucks will be the new building for Atlantic Air Cooled Engines. Smaller than their neighbour, at 15,000 sq.ft it will also be a stand out facility, bringing exciting new life to this new park. A third project is also in the early stages of development on Cooke Drive.
While we have seen a lot of activity in Moncton's industrial parks over the past twenty years, the good news is that these parks continue to be a major attraction with new development taking place. From the very large to small, the industrial parks keep growing adding new companies and creating new jobs. There are now in the area of 360 businesses employing an estimated 9,300 people. But even though there has been a lot of land sold, we still have plenty of good great sites both large and small, ready and waiting for many more projects in the years to come.