Canadian Industrial Real Estate Blog

RUMOUR MILL:

• Developer buys 45 acre parcel of land in north Ajax
• Food company out with RFP for 8 to 10 acres of land
• Public meeting scheduled in March to discuss Halton's development charge update

MARKET WATCH:

• Team CRESST closes 2640 Argentia Rd. 33,000 sf sold for approx. $118 psf
• Logistics company leases remaining 112,000 sf at AMB Milton development Peddie Rd. Building B
• 1022 Champlain Ave., Burlington (Maytag building) subleased to courier firm for 5 years, 175,000 sf.

RUMOUR MILL:

• Food company in the market looking for 120,000 sf to 150,000 sf in Mississauga/Oakville area.
• Beverage company sells 260,000 sf building in St. Catherines

MARKET WATCH:

• 60,000 sf leased on Humberline for 10 years. Rates started at $4.25
• Investment sale on Superior, 40,000 sf, 10 year leaseback, $106 psf
• 6 acre land purchase in Bolton for $500,000 per acre
• GPM portfolio on the market. 10 buildings in Mississauga, Brampton, Oakville, and Burlington.