Vancouver, BC, Canada – Concert’s portfolio of income-producing property has grown through the acquisition of a 33-acre Industrial property in Burlington, Ontario.
The property contains a fully-leased, multi-tenant industrial building as well as two development sites totaling approximately 16 acres. 4151 North Service Road is a 209,095-square-foot industrial warehouse and light manufacturing facility which features 16 truck-level doors and two drive-in shipping docks. The property has recently benefited from extensive renovations.
“This acquisition expands upon Concert’s presence in the GTA’s industrial market, the fourth largest in North America, and provides the capacity for future development,” said Concert's President and COO, Brian McCauley.
The property is strategically situated within close proximity of major transportation hubs – including Toronto Pearson and John C. Munro Hamilton International Airports as well as the Port of Hamilton. Additionally, the property benefits from easy access to the QEW/403 and 407 highways.