Vancouver, BC, Canada – Concert is pleased to announce that it has acquired a significant industrial property in Brampton, Ontario.
Located in the heart of Brampton’s warehouse distribution node, the property is comprised of 1.12 million square feet of warehouse space on 50.79-acres and is fully occupied by Canadian Tire Corporation on a long term lease basis. The warehouse is an award winning Class "A" industrial building with 30 foot clear height and the flexibility for multi-tenant occupancy in the future.
"This acquisition supports the company’s mandate to continue building its income-producing portfolio in Ontario," said Brian McCauley, President, Concert Properties. "We are very pleased to have acquired this top quality industrial property within this strategic Brampton location and we welcome the Canadian Tire Corporation as a tenant into our portfolio."
Consisting of two buildings, 704,306 and 413,762 square feet respectively, the five-year old distribution centre is located at 9273 – 9283 Airport Road. This prime location lies in close proximity to the Brampton CN Intermodal Rail Yard, Highways 407 and 427, and Toronto Pearson International Airport.
The warehouse buildings are improved with 130 truck level loading docks with five drive-in bays.
The strategic acquisition of the Brampton property further strengthens and adds value to Concert's growing industrial, income-producing portfolio across Canada.