First Gulf and Nicola Wealth Real Estate acquire another 13.5 acres in Whitby

First Gulf and Nicola Wealth Real Estate (NWRE) have purchased more suburban land in the GTA with the acquisition of a 13.5-acre industrial development property in Whitby, Ontario.

Located in an existing industrial node on Hopkins Street, close to downtown Whitby, the site offers exceptional access to the 401 via the Thickson Road interchange - which is less than two kilometres away.

A single-storey multi-tenant industrial facility is being considered with a gross floor area of 290,324 square feet. Additionally, the planned building offers a truck court that includes fifty-two (52) trailer parking stalls.

Durham Region is a rapidly-growing area, said David Carreiro, President of First Gulf. We are delighted to once again partner with Nicola Wealth Real Estate, who share our belief that the Town of Whitby is ideally situated to fulfil the requirement for quality, available inventory in the GTA industrial market.

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 eight recent projects in the GTA recently totalling over 3.5 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-and-nicola-wealth-real-estate-acquire...
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