Dennis Rd. Expansion Project
Sector: Residential • Location: St. Thomas, Ontario, Canada
Source: The Globe and Mail
A 325,000 sq ft expansion industrial building constructed for an existing tenant in St. Thomas, Ontario. The project was completed in September 2025 and is expected to add annual stabilized NOI of approximately $6.6 million when fully leased. The REIT earned 7.8% on capital expenditures during the construction phase, which ended in August 2025, and began earning a contractual going-in yield of 9.0
- Status
- Closed
- Sector
- Residential, Commercial, Manufacturing (Industrial)
- Location
- St. Thomas, Ontario, Canada
- Updated
- 22 Jul 2026
- Source
- The Globe and Mail
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Project Information
Participants
| Not available for this record. |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | A 325,000 sq ft expansion industrial building constructed for an existing tenant in St. Thomas, Ontario. The project was completed in September 2025 and is expected to add annual stabilized NOI of approximately $6.6 million when fully leased. The REIT earned 7.8% on capital expenditures during the construction phase, which ended in August 2025, and began earning a contractual going-in yield of 9.0% on the total development costs of $54.9 million starting September 2025. |
Original sector | Real Estate |
Budget |
Location
Country | Canada |
State | Ontario |
City | St. Thomas |
Source
Source | The Globe and Mail |
URL |
More Details
Record type | Project |
Sector | Residential, Commercial, Manufacturing (Industrial) |
Article published date | 2025-11-15 |
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