Panattoni acquired a partially completed multi-tenant “spec” project near the Calgary Airport. Construction had been suspended by the prior owner after the installation of foundation walls and the completion of rough site grading. Panattoni saw an opportunity to capitalize on increasing tenant interest in this previously untapped market niche. Panattoni constructed two buildings totaling 200,000 sq. ft. and successfully leased the project to four tenants including Coca-Cola and Toromont Energy Services.