Harlo Capital and a partner acquired a 10.7-acre industrial site in Burlington, Ontario. The property is located 600 meters south of the QEW at the intersection of Walkers Line and Harvester Road. This location benefits from its proximity to local and inter-regional transportation corridors, and its connection to the Greater Golden Horseshoe markets. The partnership is executing a development strategy that includes site clean-up, short-term leasing, and long-term redevelopment of the property to maximize returns. 

In 2022, Harlo and its partners purchased this 449,434-sf portfolio of industrial assets is situated in the strategic logistics node of Cornwall, Ontario. Large retailers and distributors favour this location for its ability to service eastern Canada, including the Ottawa valley, Quebec, and the Atlantic provinces, while being connected to the GTA’s industrial gravity via Highway 401. These buildings benefit from direct access to Highway 401, 2 km northwest along Boundary Road, as well as the Canadian/United States border crossing in downtown Cornwall 8 km away. We executed our business plan to reposition the asset and by negotiating market rents with its historic, stable tenant mix and by attracting new tenants with strong covenants to the portfolio. 

Amid challenging market conditions we achieved a 14.15% IRR and 1.51x Equity Multiple in July 2025.

440 Victoria Street North is an 18.87-acre industrial property well located 2.5 km north of Hamilton’s downtown core, 1.5 km south of Hamilton Harbour, 2.3 km to the CN rail railyard, and 7 km to the Queen Elizabeth Way. The property is zoned for a variety of industrial, light industrial, and commercial uses, providing strategic flexibility for Harlo and its partner. The development contemplates approximately 438,000 sf of Gross Floor Area, split between self-storage and for-sale & for-lease industrial space. In Q4 2023, construction began at the site on a self-storage and large-bay industrial building.