On December 13, 2024, Canadian Tire Corporation, a retail company operating in the automotive, hardware, sports, leisure and housewares sectors, announced the sale of its 90-acre industrial property in Brampton, Ontario to Prologis Inc., a US-based real estate investment trust, in a deal valued at $258 million. The property includes a 1.5 million square feet of industrial real estate.
Canadian Tire was represented by in-house counsel Mia Cooper (real estate) and Maha Ansari (real estate).
Goodmans LLP also represented Canadian Tire with a team led by Ira Barkin (real estate), and included Samantha Sarkozi (real estate), Joanna Rosengarten (environmental), David Rosner (competition) and Jonathan Wall (competition).
Prologis was represented by in-house counsel Jason Murphy with Blake, Cassels & Graydon as external counsel. The Blakes team was led by Patrick Gordon (real estate) and included Lana Finney (environmental) and Julia Potter (competition).