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Ontario  + Industrial  |  December 15, 2023
Concert Properties Income Trust has acquired a large class A logistics facility in the Greater Toronto Area.
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By: Monte Stewart

Concert Acquires GTA Logistics Property

Concert Properties Income Trust has acquired a large class A logistics facility in the Greater Toronto Area.

The 202,165-square-foot asset is located at 2340 Winston Park Drive in Oakville, Ont.

“The 2340 Winston Park Drive building is optimally located, exceptionally maintained and highly functional, making it an excellent strategic fit for CIP,” said David Podmore, chief investment officer for parent firm Concert Properties and managing director of Concert Income Properties, in a news release.

“This is the type of asset that has historically been and continues to be at the core of CIP’s industry-leading performance.”

The 9.5-acre site borders Mississauga, Ont., and is located at the convergence of the QEW and Highway 403. Built in 2005, the property is currently leased to three diverse logistics-oriented tenants with unit sizes ranging from 38,000 sf to 100,000 sf.

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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.
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