By: Christian Collington, Local Journalism Initiative Reporter, TheIFP.ca
Global real estate investment manager BGO (BentallGreenOak) has finalized the acquisition of one of the most prominent logistics facilities in Halton Hills.
BGO announced in early October it acquired the 640,000-square-foot Gateway Distribution Centre at 11400 Steeles Ave. E. from IG Wealth Management for $143 million.
The transaction focused on the facility situated on 33.5 acres near highways 401 and 407, as well as the Milton GO station.
The facility is designed as a “cross-dock” distribution centre.
Unlike standard warehouses meant for long-term storage, cross-dock buildings are made for high-speed transfers, where goods are moved directly from incoming to outgoing trucks.
The facility features 110 dock doors and four drive-in doors, 36-foot clear heights to maximize interior volume, as well as 94 trailer stalls and 514 passenger vehicle parking spots.
The property is currently fully leased, with operations anchored by Relay Logistics and Speedy Transport.
According to an Atlus Group Toronto commercial market update released on Dec. 16, the sale was officially the top largest industrial transaction in the Greater Toronto Area for the third quarter of 2025.
The Halton Hills acquisition was not an isolated move for BGO. In August, it also acquired Rockwood Mall in Mississauga for $90 million.
Combined, BGO poured $233 million into Halton and Peel regions in a single quarter.
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