Brad Lamb has purchased this 0.7-acre parking lot at 117 King William St. in downtown Hamilton.

This week witnessed good transaction levels in all subject markets.

We saw multiple eight-figure transactions as Sycamore Partners purchased several Lowe’s for approximately $140/sq. ft each. (It was announced earlier this month that Lowe’s will operate as RONA.) Among these transactions, the largest was in Woolwich, where 278 acres of land adjacent to the Waterloo airport was purchased for $35 million ($125,000/acre).

Beyond the Lowe’s transactions, the largest transaction in Hamilton took place downtown as Brad Lamb purchased 117 King William St., a 0.7-acre parking lot, for $7 million ($10 million/acre).

In the news, 43- and 36-storey towers have been proposed in Stoney Creek, the Jamesville Lofts development sees new life, and there’s an update on Oracle Condos, Coletara’s Main and Queen St. development.

The GHA Sales Transaction Database offers you this week’s CRE transaction activity.

Here’s an excellent opportunity for business owners who want to move into one of Brantford’s fastest-growing areas! Find out more about space for lease at 111 Sherwood Dr. in Brantford on our website. These fantastic units are great places to set up your business. There’s lots of visibility to vehicle and pedestrian traffic, and parking is available on site. This location is close to the highway and in one of Brantford’s few historical districts. The property is transforming into a great entertainment district — be part of the excitement! Tenant incentives are available. Contact leasing@forgeandfoster.ca today or call (888) 410-9440 to book your private tour!