LEASED - 37 Nixon Rd, Bolton

Sometimes you have a client who wants to be in a very specific geographic area and has a very specific set of requirements for building specifications. It can make it challenging to find a suitable property for them under these circumstances, and it requires quite a bit of patience from everyone. But often, if you are patient enough, and if you’re a proactive broker who is digging under every rock to find options for the client, the right property will come along. And in that scenario when that property does come along, it’s a fine line between being aggressive enough to secure your client the building but getting them a fair deal at the same time.

When my client Jason told me he wanted to remain in Bolton, Ontario with his manufacturing business, this is the sort of scenario I found myself in. Jason, his family, and his longstanding company, were entrenched in the Bolton market with many of their staff living nearby, customers and suppliers in close proximity, great access to major highways and the rest of the GTA, and just an overall comfort level with having their business located in that pocket of the GTA.

One of the challenges with that was that, as much as Bolton has grown as an industrial property hub over the last 10 years, there is still a relatively small inventory of available industrial properties for lease and for sale at any given time. Add to that the fact that Jason wanted something that would be worthy of his business headquarters, with high-end office space and a super functional warehouse with high clear height, fantastic shipping, LED lighting, strong power specs, and an overall clean look, and it made the requirement that much tougher.

When 37 Nixon Rd came along, it checked every box, and we pounced on it. In fact, I sent the listing to Jason within 1 hour of it hitting the market, and we had a tour booked on it for the next morning. That same day after the tour, I drafted a lease offer and we submitted it to the landlord’s agent, and within 48 hours from that point we had a conditional lease deal in place. In that first week the property was listed on the market, the listing agent received another unsolicited offer with a higher rate than ours and extremely strong interest with countless tour requests, including from some very large corporations, but we already had a conditional deal in place and the landlord was comfortable working with us. This is how speed, efficiency, and knowing your market gets deals done for clients.

Jason and his team are now occupying 37 Nixon Rd and it will serve them well, likely for decades to come.

Property Specs

• Address: 37 Nixon Rd, Bolton, ON
• Size: 36,410 SF
• Zoning: MP
• Clear Height: 26’
• Shipping: 4 truck-level, 3 drive-in