Prime flex-industrial redevelopment site, acquired off-market, from its original owner-occupier. Southwell Place comprises 29 flex-commercial and industrial condominium units ranging from 1,000 to 5,000 square feet. Built to Toronto Green Standard.
6-acre redevelopment site acquired from an institutional property developer. Currently in the planning stage to operationally repurpose the property as a 150,000 square foot, Class ‘A’ multi-tenant urban warehousing and logistics facility, to be condominium titled. Built to Toronto Green Standard.
Forager sourced this high-visibility, 7.1-acre corner parcel on an off-market basis and pre-leased 100% of the 165,000 square foot distribution center prior to acquisition. With close proximity to Highway 401, Forager joins major property investors, developers, manufacturers, and tenants already capitalizing on the growth opportunity in this strategic market.
Situated in a high-demand, land constrained industrial node on the Toronto-Markham border, this zoned 6.1 acre parcel is strategically located, less than 10 minutes’ driving time to Highways 401, 404 and 407. Forager’s site development plan contemplates the ground-up development of 150,000 square feet of best-in-class, multi-tenant tenant flex industrial distribution and warehousing.
This multi-tenant industrial complex is among the largest of its class in the Naples area, ideally situated 2 miles west of Interstate 75, with direct access to numerous major arterial routes. The surrounding industrial park area is fully built-out, land-constrained and serves as a key logistical node for myriad of businesses with customers and employees based throughout Southwest Florida.
This acquisition represented an excellent opportunity to acquire a stabilized, cash-flowing real asset backed by a high-quality tenant. Forager secured the investment on an off-market basis for substantially below replacement cost.
