Calgary Co-op CEO Ken Keelor and his leadership team have welcomed Damon Tanzola as the new vice-president of facilities development and real estate.

It’s a big, busy job but one he is well suited to undertake having an extensive background over the past 17 years in real estate in Western Canada, with a significant focus on the Calgary and area market.

Tanzola’s experience began in Vancouver after he moved there from his hometown of Prince George, B.C., to work in retail development with Windridge Properties.

For 10 years he was responsible for Shoppers Drug Mart’s real estate holdings across Western Canada, working with more than 130 stores and its land bank program. He moved on to a similar position with Rexall, where he developed new stores while handling strategic planning and development for the brand.

When Rexall was sold by the Katz Group of Companies to McKesson last year, Tanzola — who had three small children at the time — decided it was time to cut the constant travel across Canada and into the U.S. by moving to Calgary to handle the retail leasing division for Hopewell.

Tanzola accepted the Calgary Co-op position at a time when his department is managing a large lease portfolio of real estate adjacent to its stores. He is also re-evaluating several properties to determine their redevelopment needs, while also searching for new locations.

Retailers and service companies are keen to be at locations where Co-op customers — more than 460,000 of them — are regular visitors. A good example is another location of the popular Jerusalem Shawarma restaurant that recently opened at the Macleod Trail and 86th Avenue S.E. store.

Major redevelopments are planned for the Brentwood, Dalhousie and Oakridge stores.

Brentwood is the biggest undertaking, where the Co-op is prepared to make a major investment that would see the building of …read more

Source:: Calgary Herald

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