
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.
- ◦Lease
- ◦Sale/Acquisition