Behind the Deal - Town of Caledon Case Study
| TRANSACTION TYPE & DETAILSDate: August 16, 2018 Transaction Type: Lease Property Type: Industrial Size: 1,150,000 SF Price: $132,043,211 CAD |
Amazon was seeking a footprint of approximately 1 million square feet within the Greater Toronto Area but were faced with an extremely constrained land supply that would meet their demands for a building completion in summer 2019.
Transaction Profile
- 1.15 million square feet design build
- 1,500 associate parking stalls
- 15 year lease term
- Largest building of its kind in the town of Caledon
- Largest spec project in Canada in 2018
Solution
Colliers International, on behalf of Blackwood Partners and the Alberta Investment Management Corporation, presented a location close to the City of Toronto, as well as a construction strategy to ensure Amazon’s desired timeline was met. The Mayor of the Town of Celdon was directly involved in helping to facilitate the project’s aggressive timeline
