Panattoni is excited to announce that it held a groundbreaking ceremony on Thursday August 29, 2019 to launch their new industrial development in the City of Oshawa.
Located at 1121 & 1147 Thornton Road South, this state-of-the-art development is Panattoni’s first speculative project in Durham Region and will offer tenants high quality property attributes and cost savings through high efficiency building and design.
Construction has started on two industrial buildings that are being built simultaneously and will total 630,000 square feet of speculative development. Strategically located within minutes to Highway 401, this site will provide easy access to employee amenities and other 400 series highways. Leading the market in the design of best-in-class industrial facilities, features of this site will include high efficiency LED lighting, a superior clear height and shipping door ratio, ESFR sprinklers, as well as the coveted feature of trailer parking.
On hand for the ground-breaking ceremony were senior representatives from Panattoni Development Company who were joined by members of Oshawa City Council and members of the City of Oshawa’s Corporate Leadership Team.
“We are thrilled to be building in the City of Oshawa and Durham Region” said Panattoni’s Executive VP of Eastern Canada, Michael Smele. “The growing population, regional infrastructure improvements and low operating costs provide an excellent opportunity for our clients to locate in a highly functional distribution centre to service the GTA and the rest of Eastern Canada”.
“The Panattoni development represents an important step forward in the City of Oshawa’s transformation, and will become a key part of our commercial and industrial future,” said Oshawa Mayor Dan Carter. “With over $5 billion in investment on the books, this is one of many new developments that will foster job growth and diversification as we continue to reinvent our economy.”
“As a stand alone project, Panattoni’s is one of the City’s largest industrial, and represents a massive construction development and assessment value to our economic base. The timing of this development could not be better. This will provide some much needed jobs and we are confident and excited to note that the space is well positioned to lease up quickly.
Oshawa is again, quickly being recognized as a very attractive community for prestige industrial development, with some of the best value on investment and skilled job force in the GTA with a customer service driven fast track approval process. Developments such as Panattoni’s are helping us build the future.
On behalf of generations of residents, I am thrilled to say that the shovels are in the ground and construction is on pace to be completed on Thornton Road in 2020”, said Tito-Dante Marimpietri, Chair of the Development Services Committee.
The groundbreaking event has kicked-off a very exciting project for Panattoni, providing high quality product in a new market area. With up to 630,000 square feet available, the Panattoni team looks forward to welcoming tenants to the site.