Skip to Content
View site list


Pre-Bid Projects

Pre-Bid Projects

Click here to see Canada’s most comprehensive listing of projects in conceptual and planning stages

Economic, Others

Northlea sells $312M industrial portfolio in GTA

DCN-JOC News Services
Northlea sells $312M industrial portfolio in GTA

TORONTO—Avison Young has announced the sale of Northlea Corporation’s $312-million industrial portfolio, making it one of the largest industrial investment transactions ever completed in the Greater Toronto Area.

The sale of the 908,360-square-foot GTA West Industrial Portfolio to Pure Industrial closed on Dec. 23, 2021.

The portfolio was 99.9 per cent leased and included 13 single and multi-tenant industrial assets in Mississauga, Brampton and Etobicoke in Toronto.

“We wanted to deliver a strong result for Northlea Corporation,” said Ben Sykes, a principal in Avison Young Canada’s Industrial and Capital Markets group, in a statement. “The strategy we executed generated a high degree of interest from the investment community, resulting in a very competitive offering process which speaks to our team’s ability to leverage market conditions through our underwriting and disposition process.”

Recent Comments

comments for this post are closed

You might also like