CanFirst breaks ground for state-of-the-art industrial development

The CanFirst Capital Management executive team broke ground on a new 273,379-sq.ft. industrial building in Mississauga, Ont., earlier this month. From right: CanFirst Capital’s Raviv Israel, senior vice-president, portfolio management and investments; Paul Braun, chairman; Mississauga councillor Brad Butt; CanFirst Capital’s Allan Perez, chief executive officer; Mark Braun, executive vice-president, onvestments and business development; Chris Caverson, vice-president, development. (Photo: Dale Wilcox)

With ground now officially broken, the next steps are underway to bring the new Meadowvale South industrial development to one of the country’s most connected industrial corridors. Once the former office campus is demolished, CanFirst Capital Management will get to redeveloping the 14.08-acre site at 6525 Mississauga Road, in Mississauga, Ont., into a best-in-class 272,739-sq.ft. industrial property.

“This prime location at the Mississauga Road interchange in Meadowvale is ideal for any industry,” said CanFirst CEO Alan Perez. “We offer future tenants sustainability and connectivity at a prestigious address.”

He explained that the site presents many plusses for potential tenants, including excellent access to labour, highways and intermodals, as well as neaerby Pearson International Airport. “Among the employee-centric amenities we offer will be the ability to walk to public transit and other transportation resources. Interest is already significant in this next-level industrial complex,” he added.

Mississauga is Canada’s sixth-largest, and Ontario’s third-largest city, and is the most significant employment growth centre in the Greater Toronto Area (GTA), stated CanFirst. The city offers quick access to major markets throughout Canada and the U.S., and is the only city in the Greater Toronto Area that is serviced by seven major highways.

The Meadowvale South industrial facility will feature a 40-foot clear building height, 42 dock-level doors, two grade-level doors, 50-foot-wide by 54-foot-deep bays, and a 60-foot staging bay.  There will be parking for 226 cars, 12 of which will accommodate EV charging, as well as 37 trailer parking stalls. Occupancy is slated for Fall 2024.

According to CanFirst Capital Management’s executive vice-president of investments and business development, Mark Braun, “We have assembled a first-class roster of professional associates and are delighted to offer an innovative and sustainable product with advanced energy efficiencies for reduced energy costs, building design and overall employee wellness standards. The final product will be as attractive as it is functional.”

The company is working with sustainability consultant INVIRO Engineered Systems to build a LEED Gold certified and zero carbon-ready facility.  Colliers Strategy & Consulting will be the development and project manager, with Ware Malcomb as the lead architect and Cecchini Group as the construction manager.

A team of engineering firms is addressing the numerous elements of the development, including Counterpoint as civil/structural engineer; Gravity Engineering as structural engineer; Pinchin Ltd. for geotechnical and environment engineering; and TMIG is the transportation engineer.

www.canfirst.com