Prominent industrial leases signed by ID Logistics, Apps Transport Group and 18 Wheels negotiated by top dealmakers from CBRE, Metrus Properties and Colliers are among the first-quarter industrial leases recognized by CoStar.
As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar is pleased to recognize the following top leases completed during the first quarter and the dealmakers who made them happen in their respective markets.
Here are the Toronto industrial leases selected as the first-quarter 2025 winners of the CoStar Power Broker Quarterly Deal Awards:
TOP LEASE: 221 Church St. S, Ajax, ON
Space Leased: 698,301 SF
Deal Type: New Lease
Size: 698,301 SF
Tenant: ID Logistics
Brokers Involved: Samantha Sukumar, Kyle Hanna and Graeme McDonald of CBRE represented the landlord. Fraser McKenna of CBRE represented the tenant.
Deal Commentary: ID Logistics, a global contract logistics firm, signed the top industrial lease deal of the first quarter, a full-building lease for Building A in the Ajax Industrial On The Park development in Ajax, Ontario. ID Logistics specializes in supply chain solutions, including warehousing, transportation, and value-added services. Crestpoint Real Estate Investments Ltd. is developing the new industrial project.
TOP LEASE: 9501 Hwy-50 Highway, Vaughan, ON
Space Leased: 229,847 SF
Deal Type: New Lease
Size: 908,351 SF
Tenant: APPS Transport Group
Brokers Involved: Gabrielle Mair of Metrus Properties represented the landlord. Graham Meader of Colliers represented the tenant.
Deal Commentary: APPS Transport Group, a Canadian less-than-truckload (LTL) and intermodal carrier based near Toronto and owned by TFI International, signed one of the top industrial deals of the first quarter leasing just under 230,000 square feet at this truck terminal property located at 9501 Hwy-50 Hwy in Vaughan, Ontario. The truck terminal property is owned by Metrus Properties.
TOP LEASE: 8470 Hwy 50, Brampton, ON
Space Leased: 228,000 SF
Deal Type: New Lease
Size: 318,595 SF
Tenant: 18 Wheels
Brokers Involved: Ryan Dobbin and Caitlyn Schiefer of CAP Ontario represented the landlord.
Deal Commentary: 18 Wheels Logistics has back-filled a majority of space in this newly constructed, 318,595-square-foot Class A industrial facility located in the heart of Brampton’s industrial core. Developed and owned by Panattoni Development Co., the building had previously been preleased by Highlight Motor Group. Offering direct access to Highway 427, the site offers quick access to other 400 series highways including Highways 407, 401 and 410.
TOP LEASE: 9501 Hwy-50 Highway, Vaughan, ON
Space Leased: 191,325 SF
Deal Type: New Lease
Size: 908,351 SF
Tenant: GLS
Brokers Involved: Gabrielle Mair of Metrus Properties represented the landlord. Adam Zioba of Rentex Realty represented the tenant.
Deal Commentary: In another top first-quarter industrial deal signed in this truck terminal property owned by Metrus Properties, the Canadian subsidiary of one of Europe’s largest parcel shipping companies inked a new lease for its Ontario flagship operation to set up shop north of Toronto. GLS Canada’s new facility has nearly 200,000 square feet of dock space with integrated parcel and freight capabilities as well as office space. The hub will serve as a central point for GLS’ Ontario operations and allow the integration of its provincial and national networks of 65 terminals across Canada, the company said.
TOP LEASE: 239 Chrislea Road, Vaughan, ON
Space Leased: 124,004 SF
Deal Type: New Lease
Size: 124,004 SF
Tenant: Unique Blow Moulding
Brokers Involved: Michael Law and Mariano Covello of Lennard Commercial Realty represented the landlord. Greg Clark and Madison Scott of Colliers represented the tenant.
Deal Commentary: Plastic bottle manufacturer Unique Blow Molding struck a deal in the first quarter to occupy this entire warehouse property owned by Unique Store Fixtures and located in Vaughan. Stratosphere Quality previously occupied the buidling.
Source CoStar. Click here for the full story.
