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Healthcare of Ontario Announces $300M Spec Office, Retail

MISSISSAUGA, CANADA-The company will build a 1.2-million-square-foot office and retail property in the Airport Corporate Centre business park. Avison Young will market the complex.

By Robert Carr | Updated on December 01, 2011

MISSISSAUGA, CANADA-Healthcare of Ontario Pension Plan has purchased 33 acres in the Airport Corporate Centre business park, and plans to build a 1.1-million-square-foot office complex. The development, which will include 70,000 square feet of retail, will cost about $300 million to build.

Cannonfield Inc. sold the property, which is south of Pearson International Airport and adjacent to the new Spectrum Station, part of the Mississauga MiWay Bus Rapid Transit line that will go up by the end of 2013. The healthcare plan is developing the master plan in conjunction with the city, with the plan including seven office buildings ranging from 125,000 square feet to 250,000 square feet. Build-to-suit opportunities will be available. There does not at this time appear to be any tenants confirmed.

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