In October 2018, Montcrest Asset Management (formerly known as NYX Capital Corp.) acquired 2.6 acres of employment land located at 2068-2078 South Sheridan Way, Mississauga. Montcrest partnered with Bluebird Self Storage to demolish the two free-standing buildings on the property to build and operate a brand-new, five-storey, 169,000 square foot A-Class self-storage facility consisting of 1,220 climate-controlled units and 26 drive-up storage units.
This property is located close to the intersection of QEW and Southdown Road, and there is only one self-storage competitor within 1.5 kilometres of the site. Just 500 metres north of the site on Erin Mills Parkway, a developer is looking to add 1.2 million square feet of new residential and mixed-use to the neighbourhood which results in a strong client base for the new facility.
