- What Palladium Prosperity Park will include 38 office condos and 19 industrial units
- Why The units have been individually listed for $495/sq ft to $650/sq ft
- What next The Business Development Bank of Canada is offering financing
QMW Corp. is looking to pre-sell office and industrial condominiums in a business park to be built in Burlington, Ont.,
The total valuation for the condos is $36.6m, Green Street News can reveal. Palladium Prosperity Park is slated to have 38 office/medical condos and 19 industrial/flex condos, which have been individually listed for sale. Colliers has the assignment.
Office units are available from 556 sq ft to about 37,000 sq ft and ask $650/sq ft for ground-level space and $495/sq ft for second-floor suites. Industrial units are offered from 556 sq ft to roughly 32,000 sq ft and are listed at $495/sq ft.
Condo fees are estimated at $2.84/sq ft per year. Construction has yet to begin, and occupancy is expected in Q1 2026. Three additional buildings will be included in a future phase.
The Business Development Bank of Canada is offering financing to purchasers, with up to 100% loan-to-value financing and up to 25 years repayment. The 8.8-acre site is zoned MXG, permitting office, commercial retail, industrial, hospitality, automotive and other uses.
At 4301 Palladium Way, the business park has access to Burlington Transit and is within 1.5 km of Highway 407, the Appleby Line and Dundas Street. Queen Elizabeth Way, Highway 403 and the Appleby GO Station are within 6 km of Palladium Prosperity Park.
The city of Burlington is approximately 50 km from Toronto in the Halton region. According to CBRE, Burlington’s office market had a vacancy rate of 22.9% in Q2, higher than the GTA average of 19.4%. As of Q2, no new office space was under construction in the city.
QMW acquires and develops commercial and residential real estate in the Greater Toronto Area. The Toronto-based company is helmed by president Avrohom Marder and chief executive Samuel Werner.
