205 New Toronto

Overview

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Sector

Industrial
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Purchase Date

March 2014
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Fund

Separately Managed Accounts
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ESG

BOMA Best certified

Purchased on behalf of one of our Separately Managed Accounts, the purchase of 205 New Toronto Street was an opportunity to purchase a 171,500 square foot light industrial building with low site coverage close to the Downtown core, which will always be in demand.

Property Company

N/A

Features

  • The building is approximately 2006 vintage.
  • Sits on a 15.3 acre site, with a total building footprint consisted of 170,000 SF of cross-dock warehousing and 1,500 SF of mezzanine office space.
  • Leased to Canpar, which is one of their major GTA distribution hubs.

Purchase Rationale

Ability to purchase a new “last mile” distribution facility, with low site coverage, and a depth of potential users.

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