Ontario Construction News staff writer
Pure Industrial says it has recently acquired a 28-acre land parcel at the corner of Sandalwood Parkway and Hurontario Street, one of Brampton’s major intersections, and intends to build approximately 625,000 sq. ft. of gross leasable area. The development is still subject to municipal approvals but has received preliminary support from Mayor Patrick Brown and City Council.
“We are pleased to be able to convert this site, which has been vacant for decades, into a hub of commerce and job creating activity at one of Brampton’s most important intersections,” the company’s chief operating officer David Owen said in a statement last Friday “Focused on the growth in e-commerce, Pure is providing logistical solutions that will help businesses flourish in this new economy.
“We will continue to work closely with the City of Brampton and surrounding community to ensure the site is a positive addition to the area, especially from an aesthetic and environmental standpoint.”
Pure is owned by funds affiliated with Blackstone Real Estate and Ivanhoe Cambridge. Hopewell Development will be the site’s development manager.
The site’s zoning allows for a wide range of uses including logistics, office, transportation, advanced manufacturing, and distribution facilities, while also providing outside storage capabilities.
Pure says it intends to build two new buildings on site with 36-40 ft clear heights, trailer parking, multiple points of ingress/egress combined with signaled traffic intersections.
“Brampton is a City of Opportunities and we are focused on nurturing investment and economic development in the city,” Brampton mayor Patrick Brown said in the news release. “As we move out of this pandemic and work towards economic recovery, it is vital that our local businesses have a thriving environment to grow. We congratulate Pure Industrial on this new development. This is one example of how we can attract new businesses to Brampton and provide opportunities and space for existing ones to grow.”
Pure and Hopewell say they have completed other high-profile developments across Canada. “We’re excited to be building once again with Pure Industrial, and continue to expand on our partnership,” said Hopewell president Murray DeGirolamo.
“We are enthusiastic about the project and it is a great opportunity for us both to contribute jobs and opportunities to the city of Brampton.”
Pure says it owns and manages more than 21 million sq. ft. of Canadian industrial real estate, including 15 buildings and more than 2.5 million sq. ft. housing nearly 30 tenants in Brampton. Pure is actively developing warehouses, most recently completing 75 Venture Dr. in Scarborough.