Representing a high-profile industrial tenantFinding a strategic building solution to accommodate Home Depot’s first planned e-commerce facility in North America was no easy task. The space needed to be suitable for an e-commerce operation and close to Home Depot’s Regional Distribution Centre in the Greater Toronto Area. Labour availability and proximity to public transportation were also essential.
The first of manyBeing the first in over 100 planned e-commerce distribution centres in North America, this initial project was highly scrutinized by Home Depot’s senior leadership. They wanted to make sure the company’s first foray into e-commerce was well-planned, well-executed and set up for success from the very beginning.
Thinking outside the marketColin Alves was able to uncover an off-market opportunity despite being faced with the lowest-ever recorded industrial availability. By searching outside of expected avenues, Alves and his team found the best location for the project at hand.
A sizeable long-term deal
The team negotiated a new construction deal with Anatolia Capital that included an initial footprint of 200,000 square feet with growth up to 400,000 square feet within 24 months and rights to an additional 415,000 square feet for a total project size of over 800,000 square feet on an 11-year term.
11-year term and rights to an expansion of up to 800,000 square feet
First of over 100+ planned e-commerce distribution centres in North America