The 172,000-square-foot warehouse in Oshawa supports Martin Brower’s service to over 200 McDonald's locations throughout eastern Ontario
OSHAWA, ON (April 15, 2025) – BGO, a global real estate investment advisor and cold storage investment manager, and Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, announced today the official opening of a 172,034-square-foot industrial storage facility at Northwood Business Park in Oshawa, Ontario, Canada. The project, a build-to-suit for Martin Brower, broke ground in Q2 2023 and was co-developed and is co-owned by BGO and Stonemont.
Located at 650 Conlin Rd. W, the modern cold storage facility sits on 16.86 acres and offers 40-foot clear heights, 37 dock doors and two drive-in doors, 130 trailer parking spaces and 125 car parking spaces. It is fully occupied by Martin Brower, a supply chain operator of some of the world’s leading food brands. The development features ambient warehouse space, along with cooler, freezer and office space to support Martin Brower’s service to more than 200 McDonald’s locations across eastern Ontario. Martin Brower, founded in 1934, has operated in Canada since 1972 and currently serves as McDonald’s sole supplier across the entire country. This new facility for Martin Brower brings 175 jobs to the community.
“The strength of BGO’s partnership with Stonemont and Martin Brower was instrumental in bringing online one of Ontario’s newest and most technologically advanced cold storage facilities and we congratulate all partners on the inauguration of this building,” said Kevin Rivest, Managing Partner and Head of North America for BGO Cold Chain. This facility delivers an important and timely solution to the ever-growing demand for modern, temperature-controlled logistics and will be a critical part of the cold chain infrastructure of the region for many years to come.”
“This project reflects Stonemont’s commitment to delivering state-of-the-art, Class-A product that is ideally tailored to meet the modern needs of supply chain operators,” said Cory Collins, vice president, senior development manager at Stonemont. “With premium features including extensive cooler and freezer space, Martin Brower is now equipped with the efficiency and flexibility needed to meet the needs of hundreds of McDonald’s restaurants across the eastern half of Ontario. We are thankful for our invaluable partnership with BGO and Martin Brower in bringing this development to life, further underscoring Oshawa as a prime hub for industrial growth in Canada.”
Stonemont and BGO coordinated the site acquisition, design and development of this project. Additional project partners include Panattoni Development Company Canada as the local development partner and Nexrock Design Build Inc. as the general contractor.
About BGO and BGO Cold Chain
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $83 billion USD of assets under management (as of December 31, 2024) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
BGO Cold Chain is the firm’s dedicated business line representing its global breadth of cold storage real estate investment management, asset management, and development activity on behalf of its institutional investors. BGO Cold Chain is amongst the largest cold storage investors in the world, with approximately 30 million square feet of transaction activity since 2015. Leveraging deep expertise in cold storage real estate, BGO Cold Chain has extensive experience in leading build-to-suit and speculative projects, with an established track-record for delivering high-performance, sustainable solutions.
The assets under management shown above include real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
About Stonemont Financial Group
Stonemont Financial Group specializes in investing across a broad spectrum of real estate asset classes and geographies, specializing in industrial, net lease and healthcare real estate to deliver attractive risk-adjusted returns. Stonemont offers diversified and differentiated real estate investment strategies and vehicles to institutions, family offices, trusts and high net-worth individuals. With a combined track record of over 60 years of experience and $20 billion invested, Stonemont’s founders and managing principals are committed to delivering attractive risk adjusted returns.
For more information on Stonemont and its initiatives, click here.
Media Contacts
Rahim Ladha, BGO
media@bgo.com
Patricia Bacon, The Wilbert Group
pbacon@thewilbertgroup.com
