First Gulf has continued to execute on its strategic growth and diversification plan with the acquisition of the 24-acre 2395 Speakman Drive in Mississauga.

Located within the Sheridan Research Park, the site is currently improved with a 230,000 sq. ft. life sciences building and has permitted density that would allow for significant potential expansion.

Sheridan Research Park is situated along the QEW, 3 KM from Clarkson GO station and less than 25 minutes away from both Pearson Airport and downtown Toronto.

“We have a strong relationship with the City of Mississauga and are delighted by the opportunity to continue our investment there,“ said David Carreiro, President of First Gulf. “We are particularly excited by the prominent location and versatility of this site. The existing building affords us the opportunity to enter the life sciences space, while the broader site allows for significant additional density across several attractive asset classes.”

First Gulf will provide additional information about its plans for this site in the coming months.

For more information on this acquisition, or First Gulf’s services, please contact Roman Brailovski, Vice President, Strategic Initiatives & Operations at rbrailovski@firstgulf.com or 416-773-7060.