Acquisition Grows Summit Industrial Income REIT's GTA Presence

Summit Industrial Income REIT is buying a 184k SF industrial property at 2333 North Sheridan Way in Mississauga for $14.5M, an acquisition CEO Paul Dykeman notes will build the trust’s presence in the GTA industrial market. The recently renovated property, near Erin Mills Parkway and the QEW, is 100% occupied, with Wilkinson Foods International and Datex as tenants. The deal is expected to close next week, and with it, Paul notes Summit’s holdings in the GTA and Montreal will represent about 86% of its nationwide portfolio.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

Brookfield, CPP Complete $5.2B REIT Buyout, Pick Up U.S. Logistics Assets

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

GID, StepStone Complete $985M Secondary Deal For Industrial Portfolio

Developers In Talks With TSMC Suppliers For $7B Halo Vista Mixed-Use Project

BKM Capital Isn't Tapping The Brakes On Its $3B Industrial Buying Spree

Data Centers Fuel Busiest Industrial Market Since 2022

Carrier To Invest $600M In Fort Worth Advanced Manufacturing Facility

Investment Firm Targets Triangle With Plans To Build 40-Acre Industrial Park