Beedie grows in the GTA with two new industry-leading industrial condos
(REAL ESTATE NEWS EXCHANGE) — Founded in 1954, Beedie is one of Western Canada’s largest industrial developers and property owners, having completed more than 30 million square feet of new development since inception. Beedie made a splash in 2018 and 2019 with 4 land acquisitions totaling 54 acres throughout the Greater Toronto Area. After achieving strong success on their first project in Ontario, Legacy Business Centre located in Meadowvale, Beedie is poised to replicate their success with the recent launch of Lakeside Business Centre in Oshawa & Morningside Business Centre in Scarborough.
Lakeside Business Centre
Located at 1155 Boundary Road in Oshawa, Lakeside Business Centre offers 137,000 SF of state-of-the-art industrial condo in one of the fastest growing industrial nodes in the Greater Toronto Area. Units start at 13,600 SF including a walk up second floor and feature 28’ clear ceiling height, dock & grade loading per unit, 3-phase power, and high-efficiency LED lighting. The first-class finishes at Lakeside Business Center continue to build on Beedie’s strong reputation in the industrial market for designing and delivering a high-quality product that businesses and investors can take pride in.
“We recognize that for all of our clients, buying a Beedie built industrial condo represents a major investment in their business and their future. We take great care and pride in designing and building high-quality product that’s built to last. It is important to us that each of our clients are able to look back at their purchase in 10 or 15 years’ time and feel confident that they made a great investment.” Rowan Hicks, Director of Industrial Sales, Beedie.
In a market that is starved for quality small to mid-bay industrial product, Beedie offers a flexible solution for business owners to take advantage of modern industrial efficiencies in a smaller footprint. The demand for this type of product has been apparent as Lakeside Business Center is over 30% subscribed just two weeks after its release to the market.
“What really separates Beedie is their commitment to quality – they stand behind every inch of their product and no detail is overlooked. It is not surprising to see repeat purchasers that follow Beedie throughout the markets they are growing in” Daniel Hubert, Vice President, Cushman & Wakefield
Morningside Business Centre
The trend of success and demand Beedie has seen at Legacy and Lakeside has also been experienced at Morningside Business Centre, located in Scarborough at the intersection of Morningside Avenue and Neilson Road. Prior to the formal release to market, Beedie, through their trusted partners at Cushman & Wakefield – Daniel Hubert, James Mildon, Peter Schmidt and D’Arcy Bak – placed 7 units totaling over 70,000 SF under contract, with Rob Ironside of CBRE representing the purchasers of 3 of these units. The project will feature 3 separate buildings totaling 348,000 SF with units starting at 6,900 SF. Each unit will include a walk up second floor and best-in-class specifications including 28’ clear ceiling height, dock & grade loading, 3-phase power, and high-efficiency LED lighting.
“When prospective purchasers tour through Beedie’s existing product it becomes very clear that they are investing in a high-quality product. In my experience, the recurring message from purchasers has been “Why would I pay a similar price for a 12’-16’ clear, tired brick & block industrial building that likely needs significant work, when I can own a state-of-the-art 28’ clear facility that showcases my brand and company.” Beedie allows groups to practically double the cubic volume of their warehouse, it’s a no brainer.” Peter Schmidt, Executive Vice President, Cushman & Wakefield
GTA Lease rates on the climb
With lease rates in the GTA pushing well into the mid-teens on a per square foot basis, business operators are facing ever increasing costs of overhead and growing uncertainty in a highly competitive lease market. Beedie’s condo projects provide business owners with the opportunity to remove this uncertainty by owning their own tier 1 industrial facility and allowing them to build equity that can be used to grow and expand their business in the future. Owning a brand-new, high-quality industrial condo also reduces the financial risk associated with major capital repairs and replacements; obstacles which are often faced by businesses occupying older facilities.
Expect More From Your Beedie Industrial Condo
By purchasing a Beedie industrial condo you are engaging with a private, family-owned business lead by Ryan Beedie. Following in the legacy created by the late Mr. Keith Beedie, Ryan continues to expand the business by honoring the core principles of uncompromised quality, outstanding service, and loyal relationships that have guided the company since its inception. These principals extend far beyond real estate and into the community, where Beedie has donated over $100 million and 3,500 staff volunteer hours in support of people and organizations in need. In 2018, Ryan personally established Beedie Luminaries, a not-for-profit post-secondary scholarship program for driven students facing financial adversity. In 2021, Beedie Luminaries expanded with the Single Parent Awards, a scholarship program for single parents who want to further their education and provide more opportunities for their families. To learn more about Beedie and how they are Building for Good, visit beedie.ca.
To view the full article, click here.