The deal is just the third warehouse trade this year over $250m
Preference shown for Halifax, Québec City and Vancouver
U.S. tariff impacts and market oversupply impeded market performance in Q3
The property also is being marketed as a leasing play
The small-bay buildings were sold by Pure Industrial
The warehouse is 94% leased for another three years
The conference highlighted challenges and opportunities for local industry
The seller is looking to land $495/sq ft
Demand is benefitting from an aging domestic population and supply constraints