GWLRA Acquires Best-in-class Industrial Facility on Behalf of Canada Life
January 7, 2020
GWL Realty Advisors (GWLRA) has acquired 2200 Yukon Court, a 1.1 million square foot state-of-the-art distribution centre in Milton, Ontario on behalf of Canada Life.
“We are excited to add a new generation, best-in-class industrial facility in the highly desirable Greater Toronto Area to the portfolio,” said Steven Marino, Senior Vice President, Portfolio Management, GWLRA. “The investment aligns with our strategy to increase exposure to the logistics sector, while providing secure, growing long-term cash flow.”
The centre will serve as DSV Solutions Inc. flagship facility. The facility incorporates modern features and logistics capabilities, including a 40-foot ceiling height and more than 100 loading docks. Its location provides excellent accessibility to ports and rail services, and the GTA’s 400 series highway system.
GWL Realty Advisors
GWL Realty Advisors Inc. is a leading North American real estate investment advisor providing comprehensive asset management, property management, development and specialized real estate advisory services to pension funds and institutional clients. GWL Realty Advisors Inc. manages a diverse portfolio of office, industrial, retail and multi-residential assets as well as an active pipeline of new development projects. In the United States, the Company provides real estate advisory services through its wholly owned subsidiary, EverWest Real Estate Investors, headquartered in Denver, Colorado.