King and Benton have 427 acres of industrial land listed for sale for $65-million dollars ($175,000 per acre) in Brantford, Ontario. It is the largest block of industrial land available in Canada. According to Scott Higgins, King and Benton's, Business Development Manager, "there is a lot of interest in the site from both Canada and the U.S." When the property sells, it will likely become the largest industrial land transaction in Canada for 2006.
The property is located at Oak Park Rd. and Highway 403 on the west side of Brantford within the municipal boundary. It is comprised of two lots, 307 acres and 120 acres located on opposite sides of Highway 403. The properties have approval for a draft plan of subdivision. The zoning allows for general industrial use with some commercial. The site features over 3 km.. of Highway 403 frontage and a main CN rail line (see table below with links to Loopnet listings for further details).
King and Benton plan to complete servicing for the entire 427 acres in 2006 so that fully serviced lots will be available by the fall of 2006 and early 2007. Depending on the type of use that locates in the subdivision, it is expected to have between 4 and 7 million square feet of warehousing, distribution and manufacturing space. Based on the existing amount of activity associated with Brantford industrial sites, Scott Higgins, of King and Benton is confident "there is a need to bring on this level of a acreage in Brantford".
Across Highway 403 from the industrial lots is Brantford's Northwest Industrial Park where Proctor and Gamble completed a regional distribution centre in June 2005 and the Ferrero Group is constructing a confectionary manufacturing facility slated for completion this summer. According to Paisley MacKenzie, Development Officer with the City, in the Northwest Industrial Park there are 67.5 acre of serviced industrial land and 170 acres of remaining unserviced land.
In the City of Brantford there are currently 232 acres of serviced industrial land (including the 67.5 acres in the Northwest Industrial Park) and 620 acres of unserviced land (including the King and Benton site.)
According to Paisley MacKenzie, Development Officer with the City, there has been increased interest in industrial land since 1997 when the Highway 403 link was completed connecting Hwy 401 to the QEW at Hamilton. Completion of the link puts Brantford on the shortest highway route between the U.S. and Canada border crossings of Windsor-Detroit (170 miles) and Niagara-Buffalo (90 miles).
Introduction in 2004 of a draft plan for growth in the Greater Golden Horseshoe and new planning legislation called Places to Grow by the Government of Ontario has created a green belt around the Greater Toronto Area. Brantford lays to the west and just outside the green belt a 1-hour drive to downtown Toronto. It is a 10-minute drive to the benchmark Woodstock site purchased by Toyota in 2005. The green belt is pushing industry to locate beyond to Golden horseshoe in cities like Brantford where there is 'cheap land', low development charges, 400-series highways access and good labour markets.
King & Benton is a Canadian-owned, real estate company dedicated to strategic, sustainable development and responsible economic growth. It owns more than 1 million square feet of industrial real estate and 679 acres (275 hectares) of serviced and unserviced commercial and industrial land. It is known for having purchased and rehabilitated a number of brownfield sites in Brantford.
Besides the Oak Park and Highway 403 properties, in the City of Brantford and Brant County, King and Benton owns three other blocks of industrial land described in the following table.
Click link for details
|Features – Planning Status|
|Oak Park Rd. Eaavest & Hwy 403||427||$175,000||$65||Over 3km. of 403 frontage. Main CN Rail line with spur access. Services will be complete by mid-2006.
|Rest Acres Rd. & Hwy 403||160||$150,000||$24||Zoning heavy industrial, services will be complete by mid-2006.|
|Powerline business park||21||$100,000||$2.1||Flexible zoning/OP including hwy commercial. Private services (well, septic). Abutts new transformer station.|
|Cainsville industrial park||54||$50,000||$2.7||Flexible zoning/heavy industrial in O.P. Municipal water, Private septic, EA underway for sewer. CN rail access.|