Canadian Industrial Real Estate Blog

RUMOUR MILL:

• 400,000 sf of 2nd generation manufacturing space came to the market in 4th quarter '07 in GTA West.
• General slowdown in land price escalation, limited land parcels available for user & design build purchases.
• Food company in the market to purchase land and build 200,000 to 250,000 sf facility in GTA north west.
• Kipling Road listing of approx. 200,000 sf conditionally sold within weeks of coming to the market.

MARKET WATCH:

• Transit company bought 4 acre piece of land at Trafalger & QEW for $775,000 per acre.
• 48,000 sf leased in Burlington for 6 years at $6.25 psf.
• Transport company leaving Northwest Drive for Rexdale location.
• 25,000 sf leased on Timberlea for $6.00 psf.

RUMOUR MILL:

• Canadian Polystyrene Recycling Association to shut down its Malton operations.
• Large investor buys 65 acres in Ajax.

MARKET WATCH:

• Team CRESST sells 8300 Keele St., Vaughan. 221,000 sf at $62 psf.
• Team CRESST sells 2640 Argentia Rd., Mississauga. 33,000 sf at $118 psf.
• Team CRESST brings 25 acre residential site to the market in Vaughan.
• Team CRESST lowers price on 390 Orenda Road, Brampton by $5 psf. 156,000 sf now asking $10,500,000.