SFPR Opens Up Opportunities
The completion of the $1B South Fraser Perimeter Road this month will have a lasting impact on commercial real estate, according to people in the industry. Colliers EVP Stuart Morrison points to a complicated acquisition and retrofit of the former Buckeye Technologies plant undertaken by Triovest as an example of what is happening in the region. The project, located at 7831-7979 Vantage Way (South Fraser Industrial Centre) is adjacent to the only SFPR interchange into Tilbury. "SFIC (image) now offers two new Tier-1 buildings totalling 277k SF ideally positioned for the SFPR opening," Stuart tells us. He says most import and export logistics businesses will focus on potential opportunities along the SFPR alignment to take advantage of the connectivity between Deltaport, Highways 99, 91 and toll free access to Highway 1. Unfortunately those opportunities are limited, he says.