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Amazon Fulfilment Centre

Jan 22, 2021, 15:00 PM

Subtitle : Behind the Deal - Town of Caledon Case Study

Member i ds : 65027, 27834

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SIOR members close big deals in a big way. Select transaction case studies are featured in the SIOR Report so readers can learn both about and from the expertise of our members.

case study Amazon

TRANSACTION TYPE & DETAILS

Date: August 16, 2018

Transaction Type: Lease

Property Type: Industrial

Size: 1,150,000 SF

Price: $132,043,211 CAD

Amazon was seeking a footprint of approximately 1 million square feet within the Greater Toronto Area but were faced with an extremely constrained land supply that would meet their demands for a building completion in summer 2019.

Transaction Profile

1.15 million square feet design build
1,500 associate parking stalls
15 year lease term
Largest building of its kind in the town of Caledon
Largest spec project in Canada in 2018

Solution

Colliers International, on behalf of Blackwood Partners and the Alberta Investment Management Corporation, presented a location close to the City of Toronto, as well as a construction strategy to ensure Amazon’s desired timeline was met. The Mayor of the Town of Celdon was directly involved in helping to facilitate the project's aggressive timeline

PARTICIPANTS & INFORMATION PROVIDED BY

Colin Alves, SIOR

Gordon Cook, SIOR

Categories :

Behind the Deal
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