AMB Lands Vitran in 525,000-SF Prelease

(Read more on the industrial market.)

TORONTO-In one fell swoop, nearly half of the massive AMB Property Corp. distribution center under development here has been preleased by Vitran Corp., a supply chain services provider that will use the park to expand operations for an existing client. The 1.1-million-sf Airport Road Distribution Centre is AMB’s latest entry into the Toronto industrial market, one in which the San Francisco-based REIT now controls 2.7 million sf of industrial product.

“We are pleased to welcome Vitran Logistics to the facility,” says Jay Cornforth, AMB’s managing director for the east region. Besides a presence near the Pearson International Airport, the complex provides quick access to the Trans-Canada Highway and intermodal rail yards, he relays. All of those elements factored into Vitran’s decision to commit to the property, according to the firm’s president of Canada and US Logistics, Michael Glodziak, who also cited the quality of the real estate being constructed.