- What Panattoni has listed a new 141,000 sq ft warehouse in Halton Hills
- Why The building was completed earlier this year
- What next The vacant property is available for sale or lease
A new Class-A industrial building in a northwest corner of the GTA is up for grabs at $40m, Green Street News can reveal.
The valuation for the 141,000 sq ft warehouse, in Halton Hills, works out to $284/sq ft. Owner Panattoni Development Co. Canada completed construction of the property early this year. CBRE has the marketing assignment.
The developer spent $35m to build the property, breaking ground in October 2022. The vacant property also can be leased from Panattoni.
The building, on 6.5 acres at 52 Futura Drive, has 26 shipping doors – 24 at truck level and two with drive-in access – with a maximum clear height of 40 feet. There are separate entrances for cars and trucks via Futura Drive, along with 123 outdoor parking spaces.
The property is zoned for various industrial uses as well as for outdoor storage. Office space can be added through various build-to-suit configurations, including via building a second floor to maximize warehouse space.
The property is 17 km from the nearest on-ramp to Highway 401. The closest major city, Brampton, is 27 km away, while Toronto Pearson International Airport, in Mississauga, is 35 km away. Downtown Toronto is 54 km away.
The closest transit station, in the community of Acton, is nearly 2 km away.
So far this year, Panattoni has racked up over $116m of GTA industrial property and land sales, according to Green Street’s Sales Comps Database.
