Investment Details
Year Purchased: 2011
Property Details
Year Built: 2011 - 2019
Building Size: 488,079 sf
Site Area: 34.58 acres
Property Manager
Peter Stafl
Blackwood Property Management
416-603-7730
Leasing Broker
Jonathan Leary*, Kay Locke* and David Merker*, *Salesperson
CBRE Limited, Brokerage
416-674-7900
Portfolio
Institutional
This property was a forward purchase of a four-phase business park development totaling nine single-storey "flex office" buildings. Nicola Real Estate acted as the development manager, and continues to act as the asset and property manager. The buildings are certified 'LEED/Building Operations and Maintenance (O+M) | Gold', and various ESG initiatives are currently being explored to promote sustainable management of the complex, with plans to implement a net-zero program in the future. Building C (~89,000) was completed in 2019 with 31,000sf leased to a multi-national electrical supplier.
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