Canadian Industrial Real Estate Blog

Ian Gragtmans will be appearing on BNN’s “Squeezeplay” on Tuesday February 24th, 2009 at 5:10pm EST with special guest Stephen Sender, Managing Director and Industry Head, Real Estate for Scotia Capital.

In case you miss Ian’s appearance, we will be posting the video clip to our blog shortly after airing.

BNN’s SqueezePlay
Topic: Global Commercial Real Estate
Ian Gragtmans appears with Chris Tambakis, CEO of Adgar Investments

BNN SqueezePlay - January 21, 2009

Ian Gragtmans will be appearing on BNN’s “Squeezeplay” on Wednesday January 21st, 2009 at 5:20pm EST with special guest Chris Tambakis, CEO of Adgar Investments & Development Inc.

In case you miss Ian’s appearance, we will be posting the video clip to our blog shortly after airing.

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.

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.

RUMOUR MILL:

• Bolton (South Albion) employment study to be completed by end of year.
• Hwy 427 route selection to be confirmed January '08.
• Large U.S. investor ties up considerable land holding in Hwy 427/27 corridor.

MARKET WATCH:

• 164,000 sf leased at 1453 Cornwall Rd., Oakville
• Sale-leaseback completed in Newmarket on 87,000 sf building, 7.5% cap.
• Team CRESST mandated by company to find approx. 250,000 to 300,000 sf warehouse/distribution space in GTA West.

RUMOUR MILL:

• Gaming company in the market for 300,000 sf.
• End user from Europe looking for 1,000,000 sf near London, Ontario.
• Large warehouse user close to taking 800,000 sf in Guelph.

MARKET WATCH:

• Team CRESST brings 41 City View Dr., Etobicoke to the market for lease. Approx. 90,000 sf, 24' clear, 10 TL doors, room for up to 25 trailer parking spots.
• Logistics company leases 5300 Satellite Drive for 10 years. Approx. 145,000 sf.
• Team CRESST to list 80 acres along Hwy. 404 corridor.
• Team CRESST land listing with Tramell Crow on Hwy. 27, bid date for offers closed yesterday. Vendor pleased with depth of offers.

RUMOUR MILL:

• MTO to propose final Hwy 427 route Jan '08.
• Approx. 20 acres at Langstaff and Highway 50 to transact in next few weeks. Buyer intends on future retail.
• U of T site in Richmond Hill coming to market soon. Approx. 200 acres.

MARKET WATCH:

• Apparel manufacturer/distributor leases 250,000 sf near 16th and Highway 404.
• 50 Devon Road, Brampton, comes off the market. Owner will re-occupy space. Approx. 46,000 sf.
• 3PL does short term deal on Annagem. Approx. 30,000 sf.

• Honda lands at Elgin Mills and Highway 407. Approx. 55 acres.