aerial of lands at 403 and Oak Park Road in Brantford

In a purchase that single-handedly surpasses many quarters of investment activity in the Hamilton region, Panattoni Development Co. Canada has acquired a 423-acre tract of Brantford industrial development land for $290 million.

The land is bisected by Oak Park Road and bordered on the north by Powerline Road and on the south by Highway 403. The vendor was James Dick Ltd., which acquired the land out of bankruptcy several years ago and shepherded it through the zoning process.

The location is near the existing Oak Park Road-Hardy Road industrial area at the northwestern edge of Brantford.

Even in an area that has seen intense investment and development activity in the past couple of years, the sale is a significant transaction. The purchase price represents a per-acre price of $684,980.

For more information, read the entire article on the Renx website.