Company Tied to Former Calgary Flames Captain Scores With Toronto Land Deal
Company Tied to Former Calgary Flames Captain Scores With Toronto Land Deal
A company associated with former NHL forward Jim Peplinski, who captained the only Stanley Cup win in Calgary Flames history, has sold nearly $117.3 million in land and property in the Toronto region.
CoStar data from land records show a portfolio of three retail and industrial properties sold at the end of August at 56, 58 and 60 Fieldway Road. The deal includes 4.38 acres of land.
Peplinski, also a member of the 1988 Canadian hockey team that competed in the Calgary Olympics that year, has been in the car leasing business for more than 30 years.
Property records indicate the portfolio’s seller was Stowe Holdings Ltd. That company is held in the name of the retired hockey player’s wife, Catherine Peplinski.
“The property was originally bought by my father-in-law to run Jiffy Foods,” said Peplinski in an interview with CoStar News. “It was the early days of catering trucks.”
After Peplinski retired from hockey in 1995, ending a career that included scoring 161 goals with 263 assists, he established a successful car company called Peplinski Leasing.
“I began to develop all sorts of ideas for a business that would be fulfilling. In the fall after the [Stanley] Cup, my father-in-law Stew Esplen called to suggest I look at an ad he saw in the Globe and Mail. Peters and Co., an Alberta-based company, was selling non-core assets that turned out to be a small leasing company called Hartfield Chieftain Leasing,” according to a biography posted on the company’s website.
Peplinski is also chairman and founder of Properly Investment, which acquires, invests and operates in Western Canadian businesses.
His father-in-law’s sons also got into dealerships under the name Humberview Trucks and were operating at the sites being sold. Peplinski said the area the land sits in has turned into a predominantly residential neighbourhood and Humberview has plans to move.
“It’s butting up against houses, so we tried to find somebody who would respect that,” said Peplinski, who wouldn’t confirm the sale price. “There are a lot of moving pieces with respect to density and costs.”
The site was sold to Feldway Road Developments, which is ultimately controlled by EllisDon Developments. Plans for the site posted online include 1,149 residential units.
“Fieldway Road is another example of EllisDon continuing to grow our service offering with our client partners throughout the development process,” said Geoff Smith, EllisDon’s chief executive, in a paid content post online.
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