Key Takeaways
- • LG Electronics Canada leased 984,176 square feet across two buildings at King Jane Business Park in King City, Ontario, marking Nicola Real Estate's largest leasing transaction by square footage to date.
- • The transaction adds more than 280,000 square feet of net new industrial space to LG's Greater Toronto Area footprint, representing both a relocation and significant expansion of the company's distribution operations.
- • King Jane Business Park spans 1.7 million square feet across five buildings and is positioned as one of Canada's largest modern distribution developments, with all buildings designed to achieve Zero Carbon Building-Design Certification under the Canada Green Building Council.
- • The lease reflects strong institutional demand for modern industrial real estate in the GTA, with the facility offering 40-foot clear heights, solar panels, heavy power capacity, and proximity to Highway 400 and Toronto—positioning the GTA as a critical North American logistics hub.
- • LG's commitment to Buildings B and C establishes the appliances manufacturer as an anchor tenant at King Jane, signaling confidence in the park's infrastructure and the broader industrial market in Ontario's greater Toronto region.
Summary
LG Electronics Canada has executed a lease for nearly one million square feet of industrial space at King Jane Business Park in King City, Ontario, representing one of the most significant industrial transactions in the Greater Toronto Area in recent years. The lease covers 984,176 square feet across two buildings and constitutes Nicola Real Estate's largest leasing transaction by square footage, according to a statement released on August 24, 2026.
The transaction functions as both a relocation and major expansion for LG, adding more than 280,000 square feet of net new space to the company's existing GTA footprint. LG will occupy Buildings B and C at the park, positioning itself as the anchor tenant at a strategically designed distribution hub supporting the company's broader Canadian operations. The facility will serve as a central node for LG's logistics and distribution network across the region.
King Jane Business Park is a 1.7 million-square-foot, five-building development located at the crossroads of King Road and Jane Street in King City. Adam Sherriff-Scott, Vice President of Asset Management and Portfolio Strategy, commented that the transaction "reflects the quality of the assets we are building and the strength of demand for modern industrial space in the GTA," emphasizing that "King Jane was designed to meet the evolving needs of large-scale tenants, combining connectivity, efficiency, and sustainability in a single development."
The facility offers institutional-grade logistics infrastructure, including 40-foot clear heights, rooftop solar panels, heavy power capacity, and efficient loading capabilities. Critically, the park is positioned one kilometer from the Highway 400 interchange and maintains proximity to Toronto, addressing the region's growing need for efficient, accessible distribution infrastructure. Every building across the park is designed to achieve Zero Carbon Building-Design Certification under the Canada Green Building Council, with Building A already certified.
The LG transaction underscores the GTA's structural importance as a logistics and distribution hub in North America and signals sustained institutional appetite for modern, sustainability-focused industrial assets in the region.
The transaction functions as both a relocation and major expansion for LG, adding more than 280,000 square feet of net new space to the company's existing GTA footprint. LG will occupy Buildings B and C at the park, positioning itself as the anchor tenant at a strategically designed distribution hub supporting the company's broader Canadian operations. The facility will serve as a central node for LG's logistics and distribution network across the region.
King Jane Business Park is a 1.7 million-square-foot, five-building development located at the crossroads of King Road and Jane Street in King City. Adam Sherriff-Scott, Vice President of Asset Management and Portfolio Strategy, commented that the transaction "reflects the quality of the assets we are building and the strength of demand for modern industrial space in the GTA," emphasizing that "King Jane was designed to meet the evolving needs of large-scale tenants, combining connectivity, efficiency, and sustainability in a single development."
The facility offers institutional-grade logistics infrastructure, including 40-foot clear heights, rooftop solar panels, heavy power capacity, and efficient loading capabilities. Critically, the park is positioned one kilometer from the Highway 400 interchange and maintains proximity to Toronto, addressing the region's growing need for efficient, accessible distribution infrastructure. Every building across the park is designed to achieve Zero Carbon Building-Design Certification under the Canada Green Building Council, with Building A already certified.
The LG transaction underscores the GTA's structural importance as a logistics and distribution hub in North America and signals sustained institutional appetite for modern, sustainability-focused industrial assets in the region.
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