CBRE’s Chris Bournakas and Ted Overbaugh have sold 52 Futura Drive, a 141,000 sq. ft. industrial facility in Acton, ON, on behalf of Panattoni Development Co.
This brand new industrial building built by Panattoni boasts 40’ clear height ceilings, 24 truck level doors, 2 oversized drive in doors with a full 60’ shipping apron, ESFR sprinklers, ample car parking and direct Highway 25 access to Milton.
"In a challenging market environment, Chris, Ted, and the CBRE team demonstrated exceptional market insight, discipline, and execution. Their strategic approach and consistent communication were key to achieving a successful outcome for this asset,” says Joanna Mazzucco, Development Manager at Panattoni.
“There is a scarcity of good quality, modern industrial buildings for sale in the GTA,” Bournakas says. “So this represented a unique opportunity for the right purchaser.”
The buyer of 52 Futura Drive is a local logistics company.
“There were only a select few groups we identified at the start that could be considered logical buyers for this site,” says Bournakas, noting that Acton, located near Halton Hills, is a smaller market that doesn’t see developments like 52 Futura come along every day.
“Very few operators in this area could acquire a building of this magnitude. But everything lined up, and this buyer was an ideal fit.”
Resurgent Market
The Halton Hills industrial market finished 2025 on a high note, with 809,676 sq. ft. of net absorption of space in the fourth quarter. This pushed the node’s availability rate down to 11.4%, with 173,403 sq. ft. under construction at the start of 2026.
The neighbouring Milton submarket also had a strong 2025, ending the year with positive net absorption of 1.26 million sq. ft. of industrial space.
The supply level in this node has made it more challenging to entice occupiers over to Acton, which is about a 20-minute drive from Milton.
Panattoni’s 52 Futura Drive combines features and unique attributes that set it apart, making it an exceptional fit for this local operator and unmatched by most buildings in the area.
2026 Looks Promising
After a 2025 plagued by macroeconomic uncertainty, the GTA industrial market appears to be regaining its momentum heading into 2026.
“There’s definitely been an uptick in both sales and leasing activity in the past month or so,” says Overbaugh. “We are expecting to see a much more active Q1.”
“Tariffs had a real impact on operators at the beginning of 2025 and many decisions were immediately paused,” he says. “But fast track to today and companies have realized they can’t wait things out indefinitely and are now moving forward with decisions.”
“And we are more than happy to help them find the options and solutions that suit their needs.”
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