Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Ontario  + Alberta & Prairies + Canada + Cross Border News + Maritimes + Pacific Canada + Quebec  + Industrial  | 

CanFirst Breaks Ground on GTA Office-to-Industrial Conversion

CanFirst Capital Management has broken ground on a speculative office-to-industrial conversion in the Greater Toronto Area.

The 14.08-acre site at Erin Mills Parkwy and Mississauga Road in Mississauga, Ont., previously accommodated 17 single-storey office buildings constructed in the late 1970s.

The office buildings, which spanned 142,772 square feet, were 74-per-cent occupied. They are being demolished and replaced by a 272,379-sf industrial structure. Former office tenants’ leases had demolition clauses, said Can First.

The new zero-carbon industrial building will contain a 40-foot clear height; 42 dock-level doors; two grade-level doors; 50-foot-wide by 54-foot-deep bays; and a 60-foot staging bay. Parking will be available for 226 cars, including 12 electric vehicles and 37 trailers.

Solar panels will be installed on the roof to reduce dependence on the local electrical grid. Improved water efficiency is planned for the building’s interior and exterior.

Toronto-based CanFirst acquired the property from Europro in 2021 for $50 million.


Inside The Story

CanFirst Capital ManagementMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
New call-to-action
New call-to-action