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Amazon Fulfilment Centre

Behind the Deal
By: SIOR Report
Categories:

Behind the Deal - Town of Caledon Case Study


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

 

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The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®  is the leading global professional office and industrial real estate association. With more than 3,400 members in 686 cities and 38 countries, SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.