This week witnessed a light amount of transactions. However, January is typically a slower month.
The largest transaction took place in Hamilton, where a trucking company purchased 86,000 sq. ft of industrial buildings situated on approximately 20 acres of land for $25.5 million ($297/sq. ft).
Coincidentally, the second largest purchase occurred in Stoney Creek by another trucking company that purchased 19.58 acres for roughly $8.2 million ($420,000/acre).
In the news, Hamilton’s DRP reviewed the development plan for Delta Secondary, an environmental group filed for a judicial review of Hamilton‘s boundary expansion, and HOPA expanded its industrial inventory with a large acquisition along the Welland Canal.
If you’re interested in learning what happened in Hamilton during 2022 and the trends heading into 2023, please join me at The Hamilton Commercial Real Estate Report: Year in Review at CoMotion on King at 115 King St. E. on January 25 at noon. RSVP today!
The GHA Sales Transaction Database offers you this week’s CRE transaction activity.
Hamilton Design Review Panel to discuss Delta Redevelopment
The Public Record, January 10, 2023
Group files for judicial review over Hamilton urban boundary
CBC News, January 9, 2023
HOPA expands industrial inventory at Thorold port lands
RENX, January 9, 2023
Ford, Horwath at odds on development fee cuts
CBC News, January 8, 2023
Waterloo may add a dozen more towers
The Record, January 10, 2023