22-Acre Mississauga Site Offers Development Potential
1.3 min read
Over recent years, Mississauga’s commercial real estate sector has been booming. So much, so that coming across sites with development potential is few and far between. Creekside Lands, a 22-acre development site in the GTA’s west end, has come to the table, zoned for commercial and industrial use.
The site comprises three parcels of land that could potentially support office, industrial, science and technology, and medical manufacturing facilities.
The broker on record, Truscan Property Corporation, has a long-standing record with the vendor, TD Securities. Ashley Martis, Managing Director of Investment Banking at TD Securities, stated, “Truscan was the development arm of the bank way back 20-plus years ago, and this whole parcel was acquired at the time to build corporate offices for the bank, which were built and sold on a sale-leaseback basis. These are out-parcels that needed some sort of monetization.”
Interest in the site has been substantial from both developers and investors, with no-bid date deadline set yet. Learn more about Creekside Lands.
Reference
McLean, S. (2022, May 24). West-end GTA property offers industrial/comm. potential: RENX - real estate news exchange. RENX. Retrieved May 31, 2022, from https://renx.ca/creekside-lands-site-industrial-commercial-potential/
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