Online retailer Amazon has secured 450,000 square feet of industrial space within a new business park under development in Delta.
GWL Realty Advisors announced on September 27 the company had finalized a lease agreement for its new e-commerce facility within the Delta iPort industrial park, located at 41B Street and Salish Sea Way. The project is owned by the Healthcare of Ontario Pension Plan (HOOPP), under lease from the Tsawwassen First Nation.
"In an industrial real estate market as constrained as Vancouver, meeting the needs of Amazon for facility size and location requires creative thinking. By working in partnership with the Tsawwassen First Nation, we were able to create an innovative solution for both Amazon and for our client, HOOPP," said Paul Finkbeiner, president of GWL Realty Advisors.
Amazon’s new facility is Phase One of the 57-acre industrial park. Upon completion, Delta iPort will offer nearly 1,000,000 square feet of leasable distribution space.
"Tsawwassen First Nation welcomes Amazon to our Lands," said Chief Bryce Williams. "This is a promising advancement that will continue to unlock the potential of the Twawwassen First Nation as a leading development partner.”
Tanya is a recent graduate of Langara College's journalism program and spent a summer freelancing for The Burnaby NOW and The Record, following a reporting internship with the publications. She joins Western Investor as an editorial assistant. Very much a millennial, she sees the irony in writing about real estate she will likely never be able to afford.
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