First Gulf partners with Nicola Wealth Real Estate on land purchase in Whitby

First Gulf has once again partnered with Nicola Wealth Real Estate (NWRE) to acquire a 48-acre industrial development property in north Whitby.

Situated on Ashburn Road, south of Brooklin, and close to highways 407 and 412, the site can accommodate up to 820,000 square feet of industrial space. Servicing will be complete in 2022 and First Gulf is already fielding calls from interested parties.

Quality available inventory in the industrial market continues to be a problem in Durham Region and throughout the GTA, said David Carreiro, President of First Gulf. This is another example of First Gulf leaving no stone unturned in our pursuit of available land opportunities to try to meet that demand. We are delighted to once again partner with Nicola Wealth Real Estate and are excited to soon be bringing industrial tenants to a rapidly-growing area in Whitby.

NWRE, who continue to focus on acquiring income-producing properties and value-add opportunities in major markets across North America, has collaborated with First Gulf on six projects in the GTA recently totalling over 2.5 million square feet.

For more information on the development of this project of First Gulf's services, please contact Executive Vice President Brian Harrison at bharrison@firstgulf.com or 416-773-7095.

LINK:	https://firstgulf.com/first-gulf-partners-with-nicola-wealth-real-esta...
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