Shindico has acquired the nine-property TransX industrial portfolio for an undisclosed price.

The firm is partnering with the Tolaini-Banville family on the acquisition. The two partners have invested in many commercial real estate ventures together.

The purchase includes two assets in both Toronto and Vancouver, along with single sites in Montreal, Calgary, Edmonton and Winnipeg, where Shindico is based.

“This portfolio stands out as a rare collection of [indoor-outdoor storage] assets in top-tier markets,” said Sandy Shindleman, founder and chairman of Shindico. “With minimal site coverage and purpose-built functionality, these properties provide the kind of operational flexibility that is in high demand and short supply.

The assets strengthen Shindico’s national industrial footprint and align with its long-term strategy to own and manage “irreplacable logistics real estate,” he added.

National TransX is a transportation and logistics company now owned by Canadian National Railway. Louie Tolain founded TransX in the 1950s.

Pictured: Loading dock at Shindico’s newly acquired industrial building in Montreal.

Photo: Courtesy of Shindico