- What An 8-acre property with a 69,000 sq ft building is on the market
- Why The site was formerly home to the Chronicle Herald printing plant
- What next The CBRE Atlantic Canada industrial team has the assignment
A distressed Nova Scotia property formerly home to the Chronicle Herald printing plant is being shopped for $11.5m, Green Street News can reveal.
The 69,000 sq ft industrial building, at 311 Bluewater Road, is part of the Atlantic Acres Industrial Park in the town of Bedford, part of the Halifax Regional Municipality.
The CBRE Atlantic Canada industrial team has the assignment on behalf of court-appointed monitor KSV Restructuring. The property is owned by now-defunct newspaper publisher Saltwire Network. The listing brokers declined to comment.
The 8-acre property is being pitched as an opportunity to redevelop or convert an underutilized site to yard space. It also offers a flexible industrial building in a premium location near Halifax. The materials further state that the low site coverage ratio allows for the prospect of hard-to-find laydown yard, heavy power, truck and trailer parking, as well as future building expansion for business growth.
Zoned for light industrial, the property can accommodate an array of industrial and commercial uses. It has 600-volt capacity.
The facility was built in 2002 and expanded in 2005. It has five docks and five at-grade doors. There is also a two-storey freight elevator. The building was constructed using a pre-engineered steel frame and standing seam roof. It has approximately 70 parking stalls to the north of the building and is secure with two metal security gates.
The property occupies a prominent location along Bluewater Road and is close to Larry Uteck Boulevard. It is just over a kilometre to Hammonds Plains Road, 2km to Highway 102 and 10km to the centre of Halifax.
The Atlantic Acres Industrial Park is a smaller industrial-zoned park geared to light manufacturing, warehousing and distribution. The gross area is approximately 143 acres.
The Halifax market’s industrial availability rate decreased for the first time since the fourth quarter of 2023, dropping to 7.2% in Q1 2025, CBRE said in a recent report. The Bedford submarket saw availability rise 40 bps to 4.9% while net asking rents rose to $15/sq ft, the highest since 2023.
