KAO Canada Deal Shows High Demand in Mississauga Corridor
The lease deal at 75 Courtneypark Drive West in Mississauga, where KAO CanadaÂ took over 38k SF--the last space available in that building--is indicative of high demand up the Highway 10 corridor, says Avison Young principal Joe Almeida. The building is one of three there, part of the Mississauga Gateway Centre (developed by the Healthcare of Ontario Pension Plan). Joe says the city is looking for more intensification up that corridor. Combined with the demand, HOOPP is now changing their plans and are instead building a five-storey, 150k SF mid-rise tower (image), with the top two floors already leased out (62k SF, to Compass Group Canada). Stay tuned for more lease action there in the coming weeks, says Joe.