Hamilton's West Harbour Is Increasingly Seen As A

2 perspectivebusinessnews.com • Construction is progressing across the City An Attractive Community of Hamilton. Pictured is the site of Hamilton’s Pan Am Soccer Stadium – building towards To Invest, Work And Live In its opening in summer of 2014. oing business in the Greater Hamilton, Burlington and D surrounding areas is good business. Hamilton is well-positioned as a premier city in the province, given its proximity to one of the largest markets in North America, the benefits of its many transportation hubs and the quality of life available in this area. Hamilton has been named the best city in Ontario, and the third best in Canada, in which to invest and there are many good reasons for these desirable ratings. Whether you seek investment properties or commercial, industrial, mixed use, retail or office property for your own use, Hamilton has affordable and interesting opportunities awaiting you. As well, Hamilton enjoys an excellent transportation system – one of the busiest ports in Canada, the John C. Munro Hamilton International Airport, plus major highway access to all points east, west, north and south. Hamilton is a great place to work and invest; it is also a great place to live. Hamilton’s quality of life is one that many communities seek to build. The residential real estate market offers wide choice in housing opportunities in many and varied communities in and around the city. Hamilton also offers excellent education opportunities – including world-renowned public, private and post secondary institutions – community Produced by Publisher, CEO Steve Montague Commercial Property Perspective™ was produced Perspective Marketing Inc. independently of the City of Hamilton. Contents are organizations and recreation opportunities. VICE-PRESIDENT Ed Martin 1464 Cornwall Road, Suite 5 copyrighted and may not be reproduced without the By any measure, Hamilton is an Oakville, ON L6J 7W5 executive editor Bruno Ruberto written consent of Perspective Marketing Inc. The attractive community in which to invest, 1-866-779-7712 publisher is not liable for any views expressed in the media executive Linda Eccles work and live. [email protected] articles and opinions do not necessarily reflect those – Bruce Moran, President, REALTORS® www.perspectivebusinessnews.com Writer Ben Benedict of the publisher or the City of Hamilton. Association of Hamilton-Burlington perspectivebusinessnews.com 3 With cranes in the sky, a new GO train station being built, a world-class waterfront steps from the core, and a growing creative class, a renaissance can be seen in the Hamilton core. Downtown Renaissance

owntown Hamilton has a variety Jack Beume, owner of J. Beume Real Developments for $3.6 million in 2000.” In Beume and other developers have seen the of commercial property options Estate Limited has seen it all, the good, the 2011, “The 450,000-square-foot building opportunities written on the walls of change. for your business including bad, and like others in the development that houses city offices, commercial space “I bought on the corner of Vine and James Hamilton City Centre, Jackson business, is ready to start building. He and retailers was purchased for $25 million 25 years ago and it’s been operating as a Square,D and many independently operated has begun construction on a $10 million, by a Barrie-area developer.” parking lot since then,” says Beume. “Ham- structures and heritage buildings with space 36,000-square-foot three-storey building Beume has seen it all from the early boom ilton will bloom with smaller developments for rent or purchase whether you are starting on James Street North that’s designed with a years, to the fall, and now its revitalization. like mine and it will be a liveable city. We a business or looking to expand. If you are red brick exterior to match the 19th Century “When I started in real estate in 57/58 the are the New Jersey of New York – once you an owner, investor, developer, construction buildings in that area. It will have under- exodus was just starting to Burlington. The see the GO Trains full-time, Hamilton will company or property manager, Downtown ground parking for 50 cars with 22 cars steel workers from Hamilton also moved to develop as Toronto’s overflow city.” is a central place to meet clients, grow con- behind the building and is set to open by Burlington. That fed on itself and that is now It’s a sentiment that has permeated from tacts, and develop valuable referral sources. July 2014 with half of the new structure changing for Hamilton,” says Beume. the highest levels of municipal government Like many North America communities, already leased. He also understands the risks. “The CIBC towers were built for to feet on the street. “With cranes in the Downtown Hamilton struggled along as In a Hamilton Spectator article of $42 million each and sold for $20 and sky, a new GO train station being built, a times and economies changed. Yet, unlike July 7, 2011 regarding the Hamilton City $14 million, respectively,” he adds. “I’m world-class waterfront steps from the core, many of those communities, Hamilton Centre, Meredith MacLeod writes that it taking a huge risk but because of low interest storefronts occupied, a quickly growing and its downtown are seeing an incredible was “built as a downtown mall for $70 rates and a tenant paying a rate that is creative class, Hamilton’s downtown is cultural and development renaissance and million in 1990 by Cadillac Fairview equitable to the building, we decided to experiencing a phenomenal renaissance,” that’s led to a flurry of investments and Corporation” and notes that “the former gamble and build the structure.” says Hamilton Mayor Bob Bratina. new buildings in the core. Eaton Centre was bought by Fercan Patience and timing are important, but - continued on next page 4 perspectivebusinessnews.com Resurgence can be seen throughout the core - continued from previous page the burden of rent on start-up businesses, and municipal incentive programs. Ana Cacilhas is manager of Hamilton City and are in demand. This segment is growing “It’s a combination of market conditions Downtown Hamilton Centre and after years of working in the area, at a rapid pace, and it’s conceivable this trend and the employment situation has created a she’s seen the changes and renewed optimism. will continue for the foreseeable future.” solid foundation for small business to thrive. has witnessed a real “Our new owner saw the changes and felt “The downtown has also witnessed a real It’s affordable for smaller business to own, influx of arts and strongly that this was the time to invest. It’s influx of arts and cultural users and small redevelop, and operate their businesses in the small business sector that’s keeping the businesses,” says Apostol. “Investors have the core,” says Apostol, who also suggest that cultural users and core alive,” says Cacilhas. taken note and are capitalizing on this it’s a good time for investors to be taking a small businesses. “There’s some positive things happening cultural resurgence.” second look at Hamilton. with McMaster University committed to Downtown Hamilton is seeing a resurgence “The downtown has a strong sense of Investors have taken coming downtown and we’ve just announced of commercial investments supported by low community engagement and good support a 50,000-square-foot state-of-the-art family interest rates; a cultural renaissance that is from the Economic Development Depart- note of this and are entertainment centre on our lower level.” bringing new visitors and residents alike; an ment,” says Apostol. “Investors considering capitalizing on the Beume’s already starting on his next project explosion of about 2000 new multi-residential the downtown should leverage these resources and, like Cacilhas, sees that commitment in housing units either under construction or and take advantage of the many incentive cultural resurgence. many of his peers. “I’m in the middle in the advanced planning stage at this time; programs offered by the city of Hamilton.” of planning my next development and it is also downtown,” he says. “My neighbour is re-developing his property as a pottery studio and a number of older buildings are also being renovated. Diamante Holdings has purchased the Tivoli Theatre. There are a lot of plans and I hope they come to fruition. I am very committed.” Evan Apostol is a property manager with Wilson-Blanchard and sees similar changes taking place in the commercial real estate sector. “The office market in the last five years has seen the continued trend of large companies consolidating multi-location, smaller-scale operations into single location, large-scale head offices. Small- to medium-sized businesses are also finding efficiencies in their workforce through use of technology, telecommuting, and flexible work hours. These two factors mean businesses need less office space, and this has the effect of putting upward pressure on office vacancy rates,” says Apostol. At the same time, Apostol adds, “the rise of the entrepreneur has created an entirely new market for landlords to cater to. “These users demand smaller offices typically accommodating five employees or less. However, where exclusive office space is too large an investment, offerings such as shared office space, hot-desking, and co-working spaces all help to reduce perspectivebusinessnews.com 5 6 perspectivebusinessnews.com whether you have service organizations been in business for years, are a young work together for start-up, or even exploring a move or business success branch office in the

ll businesses need other business at region, Downtown times, for support, marketing, and as Hamilton is home to Aclients. Downtown Hamilton has a variety of professional service organizations a variety of service focused on your business success whether you have been doing business for years, are a organizations that young start-up, or even exploring a move or are focused on your branch office in the region. There are lawyers, accountants, architects, business success. insurance brokers, financial institutions, internet service companies, and designers committed to servicing your business needs, but what sets them apart is the depth and quality of relationships they share as professionals. “The Economic Development Division strives to work closely and collaboratively with the many businesses downtown, the Chamber of Commerce, and the Busi- ness Improvement Areas. Our staff has a regular calling program, meeting owners at their place of business, that helps to keep us informed and responsive to the issues/challenges/opportunities of the day,” says Glen Norton, Manager, Urban Renewal. Taylor Leibow LLP is a full-service and committed to supporting the Hamilton network of strategic partners. Dan Lawrie Insurance Brokers Ltd., accounting and advisory firm that has been downtown business community. Downtown “There’s a sense of being connected established in 1982, is a locally owned, 90 located in the downtown core since the is also a central place for our clients, contacts, to the business community with informal employees, full-service insurance and finan- 1940s. As an owner, investor, developer, and referral sources such as bankers, lawyers, ways to meet and collaborate. What has cial services firm that’s ranked in the top five construction company or property manager, and other business professionals who we really been encouraging is that there’s been percent of brokerages in Canada. Taylor Leibow can advise you on structuring have close relationships with,” says Nigel a grassroots development with the arts that “We’ve made a long-term commitment your organization, financing your business, Jacobs, Taylor Leibow’s Chief Executive has drawn other creative businesses into to Downtown Hamilton. We want to be a and safeguarding your assets while providing Officer. “The downtown is large enough to the area because of our lower cost and part of, and support, the ongoing renaissance proactive guidance in navigating provide all these services but small enough sense of community,” says Don McNally, of Hamilton and the downtown core. There Canada’s tax terrain. to build long standing relationships.” President, NetAccess. are terrific business synergies here and our “Taylor Leibow has been able to NetAccess has been a leader in Internet “Hamilton is my home and the people staff enjoy the central location with good successfully grow from its downtown and Communication services since 1993, we work with know each other well and bus routes, lots of parking, restaurants, shops, location to become one of the largest providing comprehensive data and voice amongst the professional communities services and a “downtown vibe” that keeps independent public accounting firms in solutions to Hamilton and area businesses, there are personal relationships and being getting better” says Dan Lawrie, CEO of the region. This is one of the reasons and offering an integrated suite of services downtown has helped,” he adds. Dan Lawrie Insurance Brokers. why the firm has remained downtown through its team of IT professionals and perspectivebusinessnews.com 7 8 perspectivebusinessnews.com on the money When you do your banking, borrowing FirstOntario Credit Union Proud Advocate Of The and investing with Communities They Serve And Continue To Support FirstOntario, you’re not just a customer, he history of credit unions is filled with pride, conviction and perseverance. In business since you’re an Owner ... 1939, FirstOntario Credit Union Thas more than $3.3 billion in funds under you are part of an management, serves nearly 90,000 Members and offers financial guidance along with a organization that full suite of banking products. FirstOntario operates 23 full-service branches serving 14 shares its profits communities across the Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford and decision-making regions. Membership at FirstOntario is open to anyone. FirstOntario is a proud advocate of the communities they serve and support with the people who many important community organizations. use its services.

In May 2011, FirstOntario grew that support with a move back into the core with a new branch at One James Street South. two key regions of Hamilton and Niagara bers to speak face-to-face with a live teller “With FirstOntario moving back into where FirstOntario has a strong presence. through video technology, providing the downtown core we believe we are a part “The growth we have experienced over them with the services of a teller and the of revitalizing the heart of our city,” said the past few years is proof of the change in convenience of extended hours. Dave Schurman, Chief Operating Office, awareness and attitude that credit unions are a Outside of their own growth, FirstOntario FirstOntario Credit Union. “Part of our viable alternative to banks,” says Schurman. has contributed to the economic development strategic plan as an organization is based on “Recognition as a Top Employer for of the Greater Hamilton Area through the assisting our communities and supporting the Hamilton and Niagara and the Outstanding financing of numerous construction projects economic development and sustainability of Business Achievement Award from the and purchases up to $23 million. the communities we are proud to call home.” Hamilton Chamber of Commerce is a When you do your banking, borrowing FirstOntario Credit Union continues to testament to our commitment to Staff, and investing with FirstOntario, you’re grow its presence in Hamilton by breaking the community, and our Members.” not just a customer, you’re an Owner. At ground for a new corporate headquarters. The The relocation is set for summer 2014. FirstOntario, you are part of an organization new QEW-facing head office in Stoney Creek FirstOntario has also announced a number that shares its profits and decision-making will offer employees a view of Lake Ontario, of recent innovations, including Personal with the people who use its services. For easy commuting access, and is central to the Assisted Tellers (PAT), which allow mem- full details, visit FirstOntario.com. perspectivebusinessnews.com 9 10 perspectivebusinessnews.com Jackson Square Downtown mall has revitalized itself and its community

ackson Square is the geographical heart of downtown Hamilton. While other Southern Ontario communities struggle to keep their downtowns sustainable, J a quick look inside and outside of Jackson Square reveals how this mall has revitalized itself and is contributing significantly to downtown revitalization. Jackson Square spans two blocks along King Street West between James and Bay streets, with about 390,000 square feet and underground parking for up to 1,300 Nations Fresh Foods vehicles. Jackson Square is a one-level retail mall forming a podium to Lloyd D. Jackson invested $7 million Square, a major mixed-use space containing in renovations and four office towers, and is connected to the Sheraton Hamilton Hotel, Copps Coliseum, added more than Hamilton Farmers’ Market, Hamilton City the most important development downtown 200 jobs in the city Included is the Art Gallery of Hamilton, Centre and the Hamilton Public Library. in the last 10 years.” and the James Street North Cultural District, Jackson Square continues to draw Another popular draw for the residents, core by opening its home to a variety of art galleries and investments with Nations Fresh Foods office workers and entertainment seekers, is 55,000-square-foot creative businesses. Each September the opening a 55,000-square-foot supermarket the Anchor Bar, home to the original Buf- area’s artists and community builders initiated in July. Nations has invested $7 million in falo Wings. Opened in February, its rooftop grocery store in SUPERCRAWL sees growing attendance renovations and added more than 200 jobs patio has become a summer hit along with Jackson Square. with over 80,000 participants in 2012. to Downtown Hamilton, according to Frank its popular menu that features traditional fa- The area is further supported by an explo- Ho, Nations vice-president. Chef-inspired, vourites and wood-fired, hand-crafted pizzas. sion of about 2,000 new multi-residential there are dedicated food stations throughout Jackson Square’s success is well-supported housing units, either under construction or with each specializing in a global cuisine. by a variety of cultural and entertainment Bobbie Smith, communications manager. in the advanced planning stage at this time. Over one-third of the store is dedicated amenities that contribute to the area’s vital- The Hamilton Convention Centre by For more information on Jackson Square, to fresh prepared foods. ity. There are those entertainment facilities Carmen’s is currently undergoing over visit www.jacksonsquare.ca. Plan to enjoy Glen Norton, Manager of Urban Renewal connected to Jackson Square, like popular $750,000 in enhancements started in April the area’s many amenities by visiting for Hamilton, suggests Hamilton’s growing concert venue Copps Coliseum, as well 2013, transforming it into one of the premier www.tourismhamilton.com. To explore numbers of empty-nesters and young urban as the Hamilton Public Library’s Central event destinations in Southern Ontario. investment opportunities, please contact professionals are key demographics at the Branch that sees 4,600 patrons daily or The areas surrounding Jackson Square the Hamilton Economic Development new supermarket store, noting: “It’s one of 1,492,575 patrons annually according to also add to the cultural vitality of Hamilton. Office at www.investinhamilton.ca. perspectivebusinessnews.com 11 Hamilton’s West Harbour area remains one of the City’s strategic priorities. Ongoing efforts have enhanced Hamilton’s waterfront by providing outstanding parks, recreational spaces, trails and amenities and now, opportunities for business investment. the waterfront

- Photo courtesy of Banko Media

t’s been 30 years in the making but inter-departmental team of professionals. other Canadian cities offer this type of wa- Through the Trust’s efforts, this area Hamilton’s West Harbour is about “As a City, we recognize that Hamilton’s terfront investment,” he explains. has become a vibrant people-place, where to get a major makeover and City of waterfront is a unique area with a diverse Over the last three decades, a variety of walkers and joggers, cyclists, and boaters Hamilton staff are looking to discuss mix of recreational and family friendly uses, investments have helped transform this area interact with water-side cafés, restaurants, Ioptions with businesses and developers to alongside a world-recognized commercial into a genuine public space for people to and ice-cream parlors. Recently, with the see the City’s vision become reality for shipping port,” says Phillips. live, work, and play. People were able to addition of an NHL-sized skating rink and citizens and investors alike. “Realizing that the waterfront was access the water’s edge for the first time the opening of the beautifully appointed The waterfront remains one of one of Hamilton’s hidden jewels, City in the early 1990s with the development Sarcoa Restaurant, the area is a destination Hamilton’s strategic priorities and involves leaders created a vision in the early 1990s of Bayfront Park, a former industrial site 12 months of the year. enhancing the City by providing clean to draw citizens to the waterfront by that was remediated and transformed into a Hamilton’s waterfront re-development and sustainable parks, recreational spaces, investing in public spaces and recreational large-scale public park, and then extended has not been solely focussed on its land- trails and amenities for all residents and uses,” adds Phillips. “Today, building upon east to Pier 4 Park. The West Harbour holdings, however. Recognizing some now, opportunities for investment the legacy of substantial public investments, Millennium Trail was established in 2000, of the challenges presented by Hamilton from the business community. we are looking at those amenities as a way allowing for greater connectivity. Harbour’s industrial past, great efforts have Chris Phillips of the City’s Planning and to draw private-sector investment. Oppor- Transforming the waterfront became more been made to ensure the highest of water Economic Development Department is the tunities for private sector include mixed-use focussed in 2001 when the City helped to quality and ecological standards as the person tasked with overseeing the overall residential and commercial developments establish the Hamilton Waterfront Trust, City develops the area. Waterfront Development plan for the that will lead to increased use of the area leading to the successful development of - continued on next page City of Hamilton, along with an entire for residents and businesses alike. Not many the West Harbour’s Pier 7 and 8 area. 12 perspectivebusinessnews.com Hamilton’s West Harbour is increasingly seen as a fantastic, liveable, walkable and business-friendly space with urban amenities already IN Place.

- continued from previous page “These waterfront lands are completely • Hamilton’s While the re-development of the owned and controlled by the City of Waterfront is former industrial lands will include key Hamilton. Through its Strategic Plan, well on its way environmental standards, all three levels City Council and Senior Management to becoming of government have been partnering have made waterfront re-development a the perfect for well over 20 years to clean up and key priority. And as a way of accelerating enhance Hamilton Harbour’s water the process, have taken great strides in place to live, and ecological quality. ensuring the lands are available and work and play. “Today these internationally recognized development-ready for private-sector An aerial view efforts have seen a revival in Hamilton’s investment,” says Phillips. showing the environmental ecosystem, as evidenced The City realizes that with development development at through new fish and wildlife habitat,” lands, timing is everything and is moving Pier 8, is shown says Phillips. multiple projects forward simultaneously at left, while The City of Hamilton is seeking to to facilitate these investment opportunities. the High Level develop a world-class waterfront and as “Hamilton’s West Harbour is increas- Bridge Trail is part of that initiative, has established a set ingly seen as a fantastic, liveable, walkable pictured below. of guidelines to ensure quality building and business-friendly space with a number standards with greater public-access to of amenities required already there,” says the water’s edge through the use of trails, Phillips. “For developers, Hamilton has boardwalks, and a naturalized shoreline. just under 30 acres of land that it owns on Quality design standards have been a key the waterfront within the West Harbour principle embedded in the City’s key and we have taken measures to mitigate planning documents; the “Setting Sail” the risk for potential investors. Interest to Secondary Plan and the West Harbour date has been high from the private de- Recreation Master Plan (WHRMP), velopment and investor sector, where the which both came out of extensive opportunity allows them to create a new public and neighbourhood consultation mid-rise community with a mix of 1,200 dating back to 2005. to 1,600 residential units and commercial “Having a mature residential neigh- space, in a unique area of the City.” bourhood surrounding the waterfront is The offshoot of this is that it’s on the a huge benefit to our overall waterfront water, blocks from the new GO Transit plans,” says Phillips, adding, “this enabled terminal, and only a few more blocks from planners and the community to build a downtown with its ongoing renaissance plan that is human in scale, allowing for and vibrant James Street North cultural an increase in density, and development revitalization. “We’re looking for those opportunities which can co-exist with investors who cannot only develop these the neighbourhood. We looked at the lands but also transform this area in a entire area and put in place measures meaningful way,” says Phillips. that minimize the impact on the For more on Hamilton’s waterfront North End neighbourhood.” developments: Hamilton.ca/waterfront. Hamilton is now ready to move forward To review investment or development and has accelerated the process. opportunities: InvestInHamilton.ca. perspectivebusinessnews.com 13 SALE SALE LEASE LEASE SALE LEASE SUBLEASE SUBLEASE

• Manufacturing/distribution facility • 15,400 SF • Affordable office space • $499,000 • $475,000 • Up to 16,162 SF • $2,650,000 • $399,000 SF • 124,000 SF • 1.13 Acres • 2 Units - 4,370 SF and 3,396 SF • Site approved for development of a car wash • 3.21 Acres • $6.00 Net • 60,399 SF • Approximately 6,300 SF • $3.95 Net • $5.75 Net • Mostly open space with a few private offices • Can accomodate 12,000 SF car wash • Former regional office for the Grand Erie District • Downtown Hamilton location • 2.65 Acres • .42 Acres • 24’ and 36’ Clear height • Clear height up to 26’ • Easy access to QEW and Red Hill Expressway • All drawings, permits and development credits School Board • Ample parking • 30,000 SF also for lease at $3.99 Gross • Fully fenced yard with efficient lot coverage • 20, 10 and 2x5 Ton cranes • 10 Ton crane (extra charge) • $13.50 Gross included • 33,841 SF office building • Located on main transit route • M2 zoning • 24’ Clear in newer portion of building • Heavy power • Drive through truck wash area • Flexible term arrangements available • Located next to busy plaza and Tim Horton’s • 17,742 SF maintenance building • Lots of natural light • Outside storage permitted • Land can also be leased for $2,500 per month • M5 allows many industrial uses LEASE LEASE SALE SALE SUBLEASE SUBLEASE

• 4,553 SF • Located east of Highway #406 • 643 SF • 8,899 SF • Office space available in busy retail plaza • Development land • Unit sizes - 2,000 SF, 4,500 SF and 9,500 SF • $8.00 Net • Industrial land in the Red Hill Business Park • $5.50 psf • East mountain location • 10.4 Acres • $6.50 net • Ideal for medical uses • $216,000 per acre • $1.45 TMI • High quality finishes • Exposure to the Red Hill Expressway and Lincoln • Light industrial zoning allows office and retail • Storefront unit • Municipal services available at the lot line • M6 zoning allows vehicle servicing • Space can be demised Alexander Parkway uses • Lots of amenities in the area • 3.03 Acres • High bay warehouse • Anchor tenants include Shoppers and Pizza Pizza • Frontage on Stone Church Road • $1.50 TMI • Zoned H/S 1296 • Zoned M3 • 4 Oversized drive-in doors • Located at the gateway to the Red Hill Business • Area available for expansion • Located in an area with new development Park • Prestige industrial uses permitted SALE LEASE SALE LEASE SUBLEASE

• $14.00 Gross SALE • Food grade building with freezers/coolers • 335 SF • Commercial/residential investment opportunity • $2,599,000 • $3.25 Net psf • Additional space available for 1,587 SF • Unique property in growing Binbrook • 44,401 SF • 2,918 SF • 29,638 SF • On bus route on Wellington Street N. • High quality new construction • 3 Truck level doors • Prime development site • 14’ to 24’ Clear height • $8,00 Net • Close to downtown • Built by reputable local developer • 17’ Clear height • 82.13 Acres • 2.48 Acres • Located across from Juravinski Hospital • Lots of windows for natural light • Can be converted to condos • Approximately 15% office space • Located off 403 interchange • Redevelopment possibilities • Building signage possibilities • Excellent income opportunities • $1.57 TMI • Designed employment • Street and hospital parking available • Large scale and other retail uses permitted For more information please contact: • On transit route For more information please contact: • $17,900,000 Joe Merrett* Kimberley Piper* Joe Merrett* Kimberley Piper* [email protected] [email protected] [email protected] [email protected] 905.315.3694 905.315.3693 905.315.3694 905.315.3693 *Sales Representative *Sales Representative CBRE Limited Real Estate Brokerage CBRE Limited Real Estate Brokerage 14 perspectivebusinessnews.com SALE SALE LEASE LEASE SALE LEASE SUBLEASE SUBLEASE

• $14.00 Gross SALE • Food grade building with freezers/coolers • 335 SF • Commercial/residential investment opportunity • $2,599,000 • $3.25 Net psf • Additional space available for 1,587 SF • Unique property in growing Binbrook • 44,401 SF • 2,918 SF • 29,638 SF • On bus route on Wellington Street N. • High quality new construction • 3 Truck level doors • Prime development site • 14’ to 24’ Clear height • $8,00 Net • Close to downtown • Built by reputable local developer • 17’ Clear height • 82.13 Acres • 2.48 Acres • Located across from Juravinski Hospital • Lots of windows for natural light • Can be converted to condos • Approximately 15% office space • Located off 403 interchange • Redevelopment possibilities • Building signage possibilities • Excellent income opportunities • $1.57 TMI • Designed employment • Street and hospital parking available • Large scale and other retail uses permitted For more information please contact: • On transit route For more information please contact: • $17,900,000 Joe Merrett* Kimberley Piper* Joe Merrett* Kimberley Piper* [email protected] [email protected] [email protected] [email protected] 905.315.3694 905.315.3693 905.315.3694 905.315.3693 *Sales Representative *Sales Representative CBRE Limited Real Estate Brokerage CBRE Limited Real Estate Brokerage perspectivebusinessnews.com 15 Ground-Breaking Year Hamilton has once again ranked among the Top Canadian Economic Development Groups and is the Top Canadian Metropolis with the most corporate facility projects from April 2012 to March 2013.

amilton continues to see strong economic development with Hmunicipal, provincial, and federal funding in addition to numerous private investors who are quickly making it a manufacturing and logistics success. For their effort, Atlanta, Georgia’s Site Selection magazine has identified Hamilton as one of Canada’s lead areas This is the second straight year in receiving addition to its cargo operation, it facilitates Canada; UPS providing a Southwestern in corporate facility development. this recognition with 20 projects in 2012. people movement by providing year-round Ontario gateway; DHL providing a Toronto Hamilton has ranked among the Top In part, some of that success is due to service to western Canada and offering a gateway; and its home base for Cargojet, the Canadian Economic Development Groups Hamilton’s location, ongoing infrastructure full domestic schedule during the summer largest cargo airline in Canada,” he adds. and is the Top Canadian Metropolis with development, serviced industrial lands, and months. It offers convenience with 24-hour In January 2013, the Federal and Ontario the most corporate facility projects from easy access to the movement of goods by operations on a dual runway system and governments joined with the City of Ham- April 2012 to March 2013, according to road, rail, ship, and air. on-site Canadian Border Service Agency ilton and TradePort International Corpora- qualifying criteria of the Conway Data John C. Munro Hamilton International operations. With proximity to Toronto and tion, the company responsible for airport New Plant Database (at least $1 million Airport is Canada’s third largest cargo air- several Canada/U.S. border crossings, direct management, to announce a $12M infra- invested, 50 new jobs created, or 20,000 port, and provides one of the best domestic access to major highways, and the busiest structure investment to develop a cross-dock new square feet), with 35 qualifying projects. cargo freighter distribution networks. In port in the Great Lakes, Hamilton Interna- facility providing air/truck intermodal capac- tional Airport and its partners are responsible ity for movement of goods between aircraft for over 2,800 direct and indirect jobs. and vehicle, temperature control facilities for Frank Scremin, President and CEO at perishable and pharmaceutical goods, as well the John C. Munro Hamilton International as separate and common use facilities. Airport overseas all Airport operations, “This is critical to our business. It allows including cargo services. carriers to come into Hamilton without the “We have a very strong domestic distribu- need for their own facility,” says Scremin. tion business out of Hamilton; both UPS “The other advantage is that the facility will and DHL have presence at the Airport and accommodate perishable and temperature we provide home base for Purolator Courier regulated goods such as fresh foods, flowers and Cargojet, the largest cargo airline in or pharmaceuticals; right now we do not Canada,” explains Scremin. “We have a very have these capabilities, so this opens up the strong domestic distribution business out of market to these niche opportunities.” Hamilton with Purolator shipping to Eastern - continued on next page perspectivebusinessnews.com “It creates a significant opportunity for industries “We are dedicated to creating jobs and “The City’s investment in the Dartnall Road that can benefit from quick access to air service for opportunities within Hamilton ... We feel extension will make the Red Hill Business Park goods movement and benefits us through increased that Hamilton is on a positive path and an even more attractive location for companies use which in turn will lead to increase service on being number one for new developments by providing direct access from our highway both the cargo and passenger side.” for a second year proves this point.” infrastructure to our employment lands.”

- continued from previous page “We bought the land in 2003. The airport providing lift for both passengers Sanjay Modi is President of ATP The logistic strength of Hamilton’s business biggest factor in developing this property and goods, quick and easy connection to Corporation (Builder) and Parlay community is evident with air cargo is that there’s not a lot of development land 400 series highways, full rail services, a Enterprises (parlayenterprises.com) who operator, Cargojet (cargojet.com), recently in Hamilton right now and that was a big thriving port and access to the United States markets the properties. “The Modi Group being awarded the Shipper’s Carrier of factor in getting it done and we believe it’s from the heart of one of the largest markets continues to invest in Hamilton through Choice Award by Canadian Transportation a great location near the airport with its in the North America.” new construction and land development. and Logistics magazine for an 11th year. related cargo services,” says Monachino. The Modi Group has been dedicated We are dedicated to creating jobs and This emphasis on logistics stems from the Located within the Airport Business Park, to building premium build to suit office opportunities within Hamilton and giving ongoing developments in manufacturing it provides a great opportunity for business and industrial space in the Ancaster back to the city which has provided us within Hamilton’s eight industrial parks. and industry needing ready logistics access. Business Park since 1990. Tenants include, with much success over the past 30 years,” Red Hill Business Park continues to “It creates a significant opportunity but are not limited to, Anderson Water says Modi. “We feel that Hamilton is draw investments from internationally for industries that can benefit from quick Systems, Robertson Building Systems, on a positive path and being number and domestically recognized corporations access to air service for goods movement Sleep Country Canada, and Steeped one for new developments for a second including Navistar, Paletta International and benefits us through increased use Tea which was featured on the CBC TV’s year proves this point.” Corporation, Canada Bread, and Maple which in turn will lead to increase service Dragons Den. They are currently wrapping • For more information on these Leaf Foods Inc. The City of Hamilton on both the cargo and passenger side,” says up construction on a 50,000-square-foot projects or to explore the incredible is currently extending Dartnall Road to Scremin. “Hamilton as a transportation facility and have the next phase of a 10-acre investment opportunities in Hamilton, provide existing and prospective compa- gateway has a lot to offer; an international development under way. visit www.investinhamilton.ca. nies with a direct route into the Red Hill Business Park from the Lincoln Alexander Parkway and Red Hill Valley Parkway. “The City’s investment in the Dartnall Road extension will make the Red Hill Business Park an even more attractive location for companies by providing direct access from our highway infrastructure to our employment lands,” says Norm Schleehahn, Manager of Business Development with the City of Hamilton. Frank Monachino is controller of a privately owned development with 84 acres of fully serviced airport development lands with lots ranging from 2.51 acres up to 20 acre divided into 12 parcels just off of Upper James Street and Dickenson Road with four lots backing onto the airport. The location is excellent with access to highways 6 and 403. The area is zoned M3 - Airport-Related Prestige Industrial, and M4 - Airport-Related General Industrial. perspectivebusinessnews.com 17 18 perspectivebusinessnews.com Hamilton Receives Major Accolades in 2013

International Accreditation Real Estate Investment for Economic Development Network of Canada (REIN) Hamilton’s economic development division has Hamilton has secured its title as the No. 1 city to invest earned accreditation from the International Economic in Ontario. The city remains the top location across the Development Council, making it the first municipally province for investment for the second consecutive year. controlled department to do so and only the second REIN is a Canadian business that provides resources and in Canada. The Washington D.C.-based organization information to its 2,700-plus members regarding real audited the department’s activities and structure, made estate investment a site visit and interviewed private organizations with dealings with the department. There are 34 economic development organizations, the vast majority in the United States, which have earned the title of Accredited Economic Development Organization. The Greater Site Selection Magazine Halifax Partnership, a standalone economic development Hamilton was ranked as Canada’s top investment city. corporation, was the first in Canada. Their rankings analyzed construction and jobs data to determine that Hamilton had 20 new or expansion projects with at least $1 million invested, at least 50 new jobs created or at least 20,000 new square feet between Fastest-Growing Economy June 2011 and May 2012. That total beat Quebec City, Among Cities In The Province which had 16 projects and Toronto with 15. Conference Board of Canada ranked the Hamilton- Burlington economy the fastest-growing in 2012 Intelegia Ranking among Ontario cities. As stated by the report, as a Hamilton’s economic development department has result of increases in the manufacturing and construc- topped a list of Canadian cities marketing themselves tion sectors, amongst others, Hamilton can expect Conference Board Of through social media. The city tied with Halifax, 2.5 per cent growth this year. Canada’s Diversity Index both earning a score of 84 on a matrix designed by Hamilton ranks fifth in projected 2012 economic The Conference Board of Canada’s Diversity Index, Montreal-based marketing consultants Intelegia. Across growth among 13 cities tracked in the Metropolitan which calculates how diverse the economic structure North America, the only city earning a higher score Outlook report. The top four cities are Edmonton, of a city is (one being highly diverse and zero being was New York, clocking a 92. Calgary, Regina and Vancouver. Toronto comes in at not diverse), gave Hamilton a 0.94 rating of the sixth with 2.3 per cent growth and Ottawa-Gatineau, 13 Metropolitan Economies with in Canada. Hamilton Metro Area Ranks in the only other Ontario city tracked, comes in last Top 100 Global Economic Ranking at 1 per cent. Also mentioned in the report was Industrial Vacancy Rate Washington, D.C. based Brookings Institute in its most Hamilton’s low rate of unemployment as compared current 2011 Global Metro Monitor ranked Hamilton’s to other major cities across Canada, showing the Industrial vacancy rate for Q 1 2013 2.7 per cent resiliency of the local effort throughout the depths (approximately 530,000 net square feet of industrial Economy 83rd on a list of 200 global centres by gross domestic product (income) and employment for the of the great recession and fragile recovery. space absorbed in 2012). Source: Colliers International years 2010 and 2011.

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