Loblaw Distribution Centre On Track In Cornwall Business ParkMay 30, 2014
Cornwall Ontario – Construction of a new distribution centre for Loblaw Companies Limited is scheduled to begin in the Cornwall Business Park, sometime within the next 18 months.
The City of Cornwall has amended its Agreement of Purchase and Sale with Boundary Properties following the passing of a By-law at the regular meeting of Cornwall City Council on Monday, May 26th.
The revised agreement establishes a building completion and occupation date of December 2016, with a provision that construction will commence no later than December 2015.
The agreement relates to a 121 acre parcel of land in the Cornwall Business Park, which has been earmarked for a distribution centre for Loblaw Companies Limited. Preparatory work has already been completed on the site, including site clearing and levelling, installation of water and sewer networks and the construction of a storm water retention pond.
The Loblaw distribution centre would be the fourth such facility in the Cornwall Business Park to serve a Canadian retailer. Walmart and Target each have a 1.4. million sq.ft. distribution centre, and Shoppers Drug Mart is served by a 600,000 sq.ft. facility.
“Cornwall has proven to be a strategic location for supply chain activities,” says Mark Boileau, Manager of Cornwall Economic Development. “The Business Park is fully serviced with immediate access to Highway 401, and there is a large number of transportation and logistics companies in the area to service the sector.”
The City recently acquired new lands and extended road and service networks to accommodate new growth. Approximately 260 acres are immediately available for development. Fully serviced land currently sells for $30,000 an acre, making it some of the most attractive priced industrial land in Canada. Add in the fact that the City does not have development charges, and building in Cornwall can save companies millions of dollars in construction costs.
About the Cornwall Business Park
The Cornwall Business Park is located in the eastern part of Cornwall, immediately adjacent to Highway 401. With more than 1,600 acres, the Business Park is home to some of Canada’s largest distribution centres, award-winning manufacturers and great transportation companies.
Maps of the Cornwall Business Park are available from the Resources page.
Categorised in: Business