CREC Commercial Fund Buys 8875 Torbram Road For $158M
Vancouver’s CREC Commercial Fund LP has acquired an 895K SF warehousing and distribution facility at 8875 Torbram Road in Brampton for $158.25M. On 37.4 acres in Bramalea Business Park, the 38-foot clear height centre — Canada’s largest LEED Gold-certified industrial building — is near highways, two intermodal terminals, transit and Pearson International Airport. The building is fully leased to retail and logistics companies.
This is the first acquisition by CREC, the exclusive commercial platform for Concert Properties, which manages the fund and holds a 60% stake. CREC’s 61-property office-industrial portfolio is valued at $1B-plus.