Shindico Realty Secures TransX Industrial Outdoor Storage Portfolio

Overview of the Acquisition

Shindico Realty has finalized a significant agreement with the Tolaini-Banville family to take ownership of the TransX portfolio comprising industrial outdoor storage (IOS) properties scattered across Canada.

Details of the Property Portfolio

The transaction encompasses a total of nine assets located in crucial industrial markets within Canada. This includes two properties each in Toronto and Vancouver, along with one site each in Montreal, Calgary, Edmonton, Regina, and Winnipeg. These properties are poised to enhance logistics and operational capabilities within their respective regions.

Specifications of the Properties

According to Shindico Realty, the portfolio includes a sprawling 211 acres of rentable yard space alongside 372,000 sq. ft. of leasable building area. Impressively, less than 5% of these sites are currently built on, granting tenants exceptional flexibility regarding site operations and layout.

TransX’s Historical Context

The TransX company was previously bought by CN Railway in 2019, effectively integrating its operations into CN’s extensive transportation network. Nevertheless, it continues to function today as an independent entity, serving various logistics demands.

Performance Indicators of the Properties

Shindico asserts that these locations represent some of the highest performing and most sought-after IOS assets available in Canada. In the Greater Toronto Area, for example, the portfolio includes 62 acres of land complemented by 91,000 sq. ft. of rentable space. Similarly, the Vancouver properties offer 13 acres with 22,100 sq. ft. of rentable space—both conveniently near vital West Coast trade infrastructure.

Unique Features of the Portfolio

• Cross-dock facilities equipped with temperature-controlled docks.
• Minimal site coverage allowing for efficient operational layouts.
• Strategically located near transport infrastructure, enhancing logistics efficiency.

Statements from Shindico Realty

In remarks about the acquisition, Sandy Shindleman, the founder and chairman of Shindico Realty, emphasized the uniqueness of the portfolio. He stated, “This portfolio stands out as a rare collection of IOS assets in top-tier markets. With minimal site coverage and purpose-built functionality, these properties provide the kind of operational flexibility that is in high demand and short supply. They strengthen our national industrial footprint and align with our long-term strategy to own and manage irreplaceable logistics real estate.”

Market Demand Trends

The demand for well-situated outdoor storage sites has been steadily on the rise. Shindico Realty recognizes its vital role in continuing the legacy associated with these exceptional properties. They intend to manage and support the burgeoning logistics landscape across Canada alongside their long-standing partners, the Tolaini-Banville family.

Implicații pentru sectorul logistic

This acquisition is not merely a real estate deal; it potentially signals a broader trend toward optimizing logistics support through enhanced storage solutions. The properties acquired by Shindico Realty could streamline operations for a variety of logistics users, highlighting the increasing need for flexible and strategically located storage spaces.

Concluzie

Shindico Realty’s agreement to purchase the TransX property portfolio reflects a larger shift in the market for industrial outdoor storage properties. As demand for logistics assets continues to amplify, the successful management and utilization of these spaces will play a crucial role in shaping efficient transport and operational strategies across Canada. For those looking to navigate this evolving logistics landscape, GetTransport.com offers comprehensive cargo transportation solutions that are both affordable and versatile. Whether it’s office relocations, cargo deliveries, or moving bulky items, GetTransport.com ensures reliable service that meets diverse transportation needs effectively.

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