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Colliers & CBRE partner to bring 350,000 SF Life Sciences Development to Peel Region

Mississauga life sciences

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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Matthew Johnson

Senior Vice President I Sales Representative

Toronto Downtown

​Throughout my career, I have been passionate about the development of real estate strategies and helping significant organizations optimize their facilities.  Each entity that we advise is unique, and our strategies are tailored to meet the business and operational requirements of each individual client.  We understand our clients have unique facility and property needs, and we have developed extensive technical knowledge as a result. 

Working with many organizations in the med-tech and life sciences field, as well as prominent charitable and insitutional organizations with sensitive populations  - we prioritize understanding the busines and operational needs of our clients and the needs of their clients.  We understand that the people whom drive the success and productivity of our client organizations are their most important assets.  Our strategies are built to ensure that our clients' people thrive and enjoy their work environments.

I have had the privilege to work with talented people at leading organizations in various sectors including:  Think Research ,Synaptive Medical, eSight, Perimeter Medical Imaging, Ronald McDonald House, Plan International Canada, Unifor, Toronto Lands Corporation, Toronto Catholic District School Board, Durham Catholic District School Board, Durham District School Board, Toronto United Church Council, and many others.  My team's diverse experience with occupiers in both the private and public sector provides me with a broad perspective built upon an extensive foundation of real estate knowledge, allowing me to deliver the highest level of service to my clients. 

To learn more about our team's specialized service offering, and technical knowledge, please contact me at (416) 643.3754, or feel free to email me any time at


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Richard Shouldice

Senior Sales Representative

Toronto Downtown

Richard specializes in office leasing, with a primary focus on tenant representation. He prides himself on his honest and professional approach to doing business, as well as his superior knowledge of both the downtown and midtown markets in Toronto. His understanding of current market trends allows him to advise his clients on how to position their business with regard to their real estate requirements. Richard always acts in the best interest of his clients and is dedicated to providing value and achieving success in assisting them with either their renewal or relocation of their office space.

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