Bringing the best of both firms, Colliers and CBRE agents are co-listing 24.34-acres in south Mississauga for a first-of-its-kind Life Sciences Campus in the region.
Colliers and CBRE are announcing a co-listing partnership to bring to market a first-of-its-kind life sciences enabled campus located in south Mississauga, Ontario. First Gulf Corporation (“First Gulf”) is working alongside Spear Street Capital (“Spear Street”) to redevelop the former Element head office site at 2395 Speakman Drive within the Sheridan Research Park.
The 24.34-acre site, originally purchased by First Gulf in December of 2021, is planned for redevelopment into a state-of-the-art 350,000 square foot life sciences campus. The location will be tailored to accommodate laboratory, manufacturing, office, innovation and technology-oriented space in a phased development approach, beginning with 145,000 square feet.
“Staying true to our Colliers’ value of collaboration, we are bringing together the best of our organization and CBRE to enhance the life sciences footprint in Peel Region and throughout southern Ontario,” says Matthew Johnson, Senior Vice President, Colliers. “Building with confidence on spec, First Gulf and Spear Street will be investing in the GTA’s life sciences capabilities aimed at attracting regional, national and international organizations. Collectively, we are proud to offer best in class brokerage advisory to support the top-tier ownership that will deliver a world class offering to our marketplace, unparalleled in its speed, quality and sophistication.”
With occupancy set for Q4 2023, the campus is located 30 kilometers from Toronto’s Discovery District and will be the first life sciences development to deliver this close to Ontario’s capital city since MaRS.
“This region has a rich knowledge economy and talent pool, supported by critical infrastructure nearby such as incredible housing, community amenities, Toronto Pearson International Airport and major expressways which are key features in attracting the right occupiers for this top-tier life sciences campus,” says Todd Cooney, SIOR, Senior Vice President, CBRE. “The partners involved in this project bring a collection of expertise and passion, setting up this development to become the benchmark in the industry.”
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