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Acquisition Grows Summit Industrial Income REIT's GTA Presence

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.