Loblaw Companies Limited plans to build a 1.2 million-square-foot, automated, multi-temperature warehouse in the Greater Toronto Area, which it says will be up and running in the first quarter of 2024.
The distribution facility will be part of an industrial park that will be located at the corner of Highway 404 and Green Lane East. Owned by Choice Properties Real Estate Investment Trust and Rice Group, the total initial cost of the project is about $170 million, including land and site preparation.
“This new facility reflects our continued drive to advance our supply chain to better serve our customers and meet their evolving needs,” said Loblaw chief operating officer Robert Sawyer, in a press release. “This is also a strong demonstration of the benefits of our strategic relationship with Choice Properties.”
The first phase of development includes a 100-acre land lease agreement between Choice Properties and Loblaw, with preparation for the site expected to take 15 months.