A catalyst for from Ajax continued growth, Amazon’s new fulfillment center will create 1,000 new jobs in the city with competitive salaries and comprehensive benefits. The distribution center will be used to package and ship large customer purchases such as sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and other household items.
Located on the northern parcel of Crestpoint’s GTA East Industrial Park, Broccolini is leading the construction of the new 58-acre bespoke distribution center at Salem Road and Rossland Road East. Construction is expected to be completed in 2021.
“We are pleased to partner with Broccolini and Blackwood Partners on the development of the GTA East Industrial Park and grateful for the City of Ajax PriorityPATH which allowed us to expedite the approval process for this exciting new project,” noted Kevin LeonChairman and Founder of Crestpoint. “We look forward to welcoming Amazon to a state-of-the-art 1.1 million square foot industrial building on the North Plot and look forward to working with other market-leading companies to build more than 900,000 square feet of manufacturing facilities. first order on our southern plot.”
“Broccolini is proud to lead this co-development with Blackwood Partners for owner Crestpoint. This is the fourth custom fulfillment center over 1.0 million square feet that Broccolini is building and developing for Amazon Canada, and we are honored once again to have our expertise used to build the future of Canadian businesses. .This partnership with Amazon, along with others with major players such as Canadian Tire and IKEA, has helped establish Broccolini as the leading builder and industrial developer for Eastern Canada“, said James Beach, Director of Real Estate, Broccolini.
When complete, the single-tenant Class A industrial building will feature 40 feet of clear height, 110 dock-level doors and 195 trailer parking spaces. Construction is underway, with an expected completion date of 2021.
About Crestpoint Real Estate Investments Ltd.
Crestpoint Real Estate Investments Ltd. (“Crestpoint”) is a commercial real estate investment manager with $5.0 billion of gross assets under management, dedicated to providing investors with direct access to a diversified portfolio of commercial real estate assets. Through the execution of its disciplined investment approach and the active management of its properties, Crestpoint strives to generate stable income and attractive long-term returns through a diversified portfolio of office, retail and industrial. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm that provides investment management products and services to institutional and high net worth clients. With offices across Canada and in Chicago, New York and London, Connor, Clark & Lunn Financial Group and its affiliates are collectively responsible for managing over $77.0 billion in assets. For more information, please visit: www.crestpoint.ca
Broccolini is a leading provider of construction, development and real estate services in Canada. The company serves the industrial, commercial, institutional and residential markets and offers a wide range of services, acting variously as general contractor, construction manager, project manager, property manager and developer. Broccolini’s property management subsidiary currently owns and manages a portfolio of over 40 properties, representing a total of over 11.0 million square feet of assets.
SOURCE Crestpoint Real Estate Investments Ltd.
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