Oxford Properties Group Secures Canada's Largest Spec Industrial Lease at James Snow Business Park in Milton

Oxford Properties Group has fully leased its James Snow Business Park industrial campus in Milton, Ontario, anchoring the milestone with a roughly 1.1 million square foot lease with ID Logistics Canada — a deal the firm describes as the largest speculative industrial lease ever completed in Canada and among the largest industrial leases on record in the country.

The lease, signed at 10725 Louis St. Laurent Avenue, combines with a separate approximately 300,000 square foot lease with another logistics company to bring the four-building, approximately 1.55 million square foot campus to 100% occupancy, Oxford Properties Group announced.

A Record Lease in Canada's Industrial Real Estate Market

The transaction at James Snow Business Park marks a significant moment for Canada's industrial real estate sector. ID Logistics Canada, a third-party logistics provider, will occupy the park's largest building, with the lease representing the single largest speculative industrial commitment ever recorded in the country, according to Oxford Properties Group.

Oxford Properties Group developed James Snow Business Park speculatively on a 246-acre greenfield site in Milton, one of Canada's fastest-growing municipalities, to address what the firm characterized as an undersupply of logistics infrastructure.

"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."

James Snow Business Park: A Multi-Phase Development

The current four-building phase represents the first stage of a larger development vision. Oxford Properties Group has outlined a master plan for James Snow Business Park that envisions approximately 3.3 million square feet across 14 buildings at full build-out, positioning the campus as one of the GTA's significant logistics nodes.

The park incorporates large-scale rooftop solar infrastructure, outdoor amenity spaces, and a trail network. Oxford Properties Group stated that the development included preservation and enhancement of natural heritage features on the site, carried out in collaboration with multiple stakeholders.

Oxford Properties Group's North American Industrial Platform

Oxford Properties Group's North American industrial platform has grown to manage more than 55 million square feet of industrial space, according to the firm. Oxford Properties Group described the full lease-up as further evidence of its ability to attract global logistics platforms seeking scale through well-located assets.

The record speculative lease at James Snow Business Park underscores continued tenant demand for large-format logistics space in Canada. With the first phase now fully occupied and a master plan calling for approximately 3.3 million square feet across 14 buildings at full build-out, Oxford Properties Group has indicated its intent to continue expanding the campus through subsequent development phases.

Market Context: Industrial Real Estate Demand in Milton

Milton's position within the GTA logistics market has drawn institutional developers and large-scale logistics occupiers to the area, according to Oxford Properties Group, which cited the municipality as one of Canada's fastest-growing. The scale of the ID Logistics Canada lease — at approximately 1.1 million square feet — reflects the size requirements of modern third-party logistics operations seeking consolidated, purpose-built facilities.

The lease-up of James Snow Business Park's initial phase to 100% occupancy, anchored by what Oxford Properties Group characterizes as a record transaction, adds a data point to the broader narrative around industrial real estate demand in Canada's major logistics markets.