Oxford secures Canada’s largest spec industrial lease, achieving 100% occupancy at James Snow Business Park

TORONTO

Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announced that it has fully leased ~1.55 million square feet of space across four buildings at James Snow Business Park in Milton, anchored by a landmark ~1.1 million square foot lease with ID Logistics Canada, a third-party logistics provider, at the Park’s largest building (10725 Louis St. Laurent Avenue). The lease-up of this cutting-edge industrial building represents the largest-ever speculative industrial lease in Canada and one of the largest industrial leases on record in the country.

Located in one of Canada’s fastest-growing municipalities, James Snow Business Park is a best-in-class industrial campus that Oxford developed speculatively on a 246-acre greenfield site to help address the undersupply of logistics infrastructure in Canada that keeps our cities running.

The record lease with ID Logistics Canada, together with a separate ~300,000 square foot lease secured with another growing logistics company, means the four-building, ~1.55 million square feet campus is now 100 percent occupied, as industrial and logistics tenants respond to rising demand.

“This landmark lease and full occupancy achievement mark a defining milestone in the evolution of James Snow Business Park for Oxford—a story that began with a bold vision and one we’re proud to continue advancing through a multi‑phased master plan,” said Jeff Miller, Head of North American Industrial at Oxford Properties. “This outcome reflects our team’s deep understanding of customer needs, and our ability to deliver highly functional, flexible space that creates an attractive place to work for our customers’ employees. Securing high‑quality leases like this is central to how we generate durable income and deliver strong, risk‑adjusted returns for the pensioners we invest on behalf of—and we’re incredibly proud of what the team has achieved.”

Building on the momentum Oxford’s North American industrial platform has seen over the last few years—during which it has grown to manage more than 55 million square feet of industrial space—this full lease‑up further underscores the firm’s ability to attract global logistics platforms seeking scale through high‑quality, well‑located assets, as well as the trust customers place in Oxford’s development capabilities and long‑term asset management expertise.

It also reinforces Oxford’s long-term conviction in the industrial sector and the broader vision for James Snow Business Park as a ~3.3 million square foot, 14-building master-planned campus in one of the GTA’s most important logistics nodes.

Designed to support both customer performance and employee experience, James Snow Business Park incorporates large-scale rooftop solar infrastructure, outdoor amenity spaces and a trail network, while reflecting a responsible approach to development that included preserving and enhancing the site’s natural heritage features in collaboration with multiple stakeholders.