Comet Industries Ltd. Announces Key Transaction at Iron Mask Industrial Park, Reinforcing Development Momentum
Kamloops, B.C. — October 26, 2026 — Leads & Copy — Comet Industries Ltd. announced continued momentum at its Iron Mask Industrial Park (IMIP) development, with Lot 1, a 10-acre parcel, now under contract in a proposed transaction valued at $10.2 million. The company clarified the transaction value, correcting a previous inadvertent disclosure of $10.3 million.
This proposed transaction is a significant milestone for the 190-acre light industrial development. It follows the previously announced $22-million sale of a 24.36-acre parcel, representing approximately 22 acres of usable land, and the sale of a 1.25-acre parcel. The growing interest in IMIP is attributed to its appeal for businesses seeking serviced industrial land, strong transportation connections, and expansion opportunities in Kamloops.
“This is another exciting step forward for Iron Mask Industrial Park and a strong indication of the interest we’re seeing in the development,” said Mike O’Reilly, President and CEO of Comet Industries. “We’ve worked hard to create a location that meets the needs of businesses looking to establish or expand their operations in Kamloops. With another major parcel under contract, we’re seeing that vision continue to take shape.”
IMIP is strategically located within Kamloops’ city limits, providing convenient access to the Trans-Canada Highway (Highway 1) and Coquihalla Highway (Highway 5). This connectivity links businesses to major transportation networks throughout British Columbia and beyond. The park is designed to accommodate a variety of light industrial uses, featuring water, sewer, hydro, and natural gas services at lot lines, spacious road networks for commercial trucking, and flexible parcel configurations. Additionally, the park offers convenient access to downtown Kamloops, Kamloops Airport, and both CN and CP rail yards.
According to Blake Gozda, Senior Vice President, Industrial with Cushman & Wakefield, the development presents an attractive combination of location, infrastructure, and flexibility for businesses. “What has made Iron Mask Industrial Park particularly attractive to the businesses our team has been talking to is the ability to find industrial space that meets their needs today while allowing for future growth,” said Gozda. “The combination of serviced land, transportation access, and flexible lot sizes creates a compelling opportunity for companies looking to expand in the Kamloops region.”
With additional parcels available and options to combine lots for larger industrial operations, IMIP is positioned as a key contributor to Kamloops’ future economic growth. Phase 1 of the development is approximately 60% sold out.
“We’re excited about the momentum we’re building and the opportunities ahead,” added O’Reilly. “Iron Mask Industrial Park is about supporting long-term business growth and amplifying new opportunities for companies to be part of Kamloops’ future.”
Businesses interested in exploring opportunities at Iron Mask Industrial Park are encouraged to visit www.ironmaskindustrialpark.ca or contact the sales team for information on current and future land availability.
Comet Industries Ltd., established in 1972 and incorporated in British Columbia, is listed on the TSX Venture Exchange. The company holds and develops real estate properties in British Columbia, including land in Kamloops and Nelson Island. The Iron Mask Industrial Park project is a major initiative for the company. Visit: www.cometindustries.ca
Source: Comet Industries Ltd.
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