Oxford Properties has fully leased all 1.55 million square feet of space across four speculatively constructed buildings of the first phase at James Snow Business Park in Milton, Ont. 

ID Logistics Canada, a third-party logistics provider, has leased all 1.09 million square feet at the park’s largest building at 10725 Louis St. Laurent Ave. This represents the largest-ever speculative industrial lease in Canada and one of the largest industrial leases on record in the country.

James Snow Business Park is an industrial campus created on a 246-acre greenfield site that’s planned to eventually encompass 14 buildings totalling approximately 3.3 million square feet.

The park incorporates large-scale rooftop solar infrastructure, outdoor amenity spaces and a trail network after preserving and enhancing the site’s natural heritage features. All of the warehouses have light-emitting diode lighting and early suppression, fast response sprinkler systems.

Highway 401 is two kilometres from James Snow Business Park and a Canadian Pacific Kansas City railway access point is a 13-minute drive away. The park is in a rapidly growing population centre with nearby retail, restaurants, gas stations and hotels. 

Features of the park’s first four buildings

The 10725 Louis St. Laurent Ave. building features: 5,117 square feet of office space; a 40-foot clear height; 174 truck level doors; four drive-in doors; 626 vehicle parking stalls; 38 electric vehicle parking stalls; and 180 trailer parking stalls.

Oxford has leased a 305,475-square-foot building at 6440 Fifth Line to another logistics tenant. It features: 5,015 square feet of office space; a 40-foot clear height; 47 truck level doors; two drive-in doors; 244 vehicle parking stalls; 15 electric vehicle parking stalls; and 48 trailer parking stalls.

A tenant has been secured for a 75,586-square-foot building at 905 James Snow Parkway S. that features: an office area built to suit; a 32-foot clear height; 23 truck level doors; two drive-in doors; 91 vehicle parking stalls; six electric vehicle parking stalls; and 25 exterior bicycle parking stalls.

The fourth leased building of the first phase is at 955 James Snow Parkway S. It’s also 75,586 square feet and features: an office area built to suit; a 32-foot clear height; 23 truck level doors; two drive-in doors; 119 vehicle parking stalls; seven electric vehicle parking stalls; and 25 exterior bicycle parking stalls.

The first phase has achieved Fitwel and LEED certifications.

Phase two of the business park

The second phase of James Snow Business Park has plans for three buildings totalling 1.22 million square feet.

The largest will be 734,461 square feet and feature: a 40-foot clear height; 108 truck level doors; four drive-in doors; 471 vehicle parking stalls; 32 electric vehicle parking stalls; and 108 trailer parking stalls.

The second largest building will be 410,673 square feet and feature: a 40-foot clear height; 68 truck level doors; two drive-in doors; 282 vehicle parking stalls; 20 electric vehicle parking stalls; and 68 trailer parking stalls.

The third and smallest building will be 79,590 square feet and feature: a 32-foot clear height; 26 truck level doors; two drive-in doors; 74 vehicle parking stalls; and eight electric vehicle parking stalls.

There are plans to provide a dedicated shuttle service from the Milton GO Transit station to James Snow Business Park. 

Oxford’s portfolio

Toronto-headquartered Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees. It was established in 1960 and, along with its portfolio companies, now manages more than $86 billion of assets across four continents on behalf of investment partners. 

Oxford’s owned portfolio encompasses logistics, office, retail, living, life science, credit and hotels in global gateway cities and high-growth hubs. It invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum.

This latest development activity at James Snow Business Park has enabled Oxford to now manage more than 55 million square feet of industrial space in North America.