WINNIPEG, CANADA – July 2025

Shindico Realty Inc. is pleased to announce a partnership with the Tolaini-Banville family regarding the acquisition of a national Industrial Outdoor Storage (IOS) portfolio occupied by TransX. The portfolio includes nine strategically located properties across Canada’s largest industrial markets—Toronto (two assets), Vancouver (two assets), Montreal, Calgary, Edmonton, Regina and Winnipeg—and comprises a total of 211 acres of rentable yard space and 372,700 square feet of leasable building area. The average site coverage ratio across the portfolio is less than 5%, offering tenants maximum flexibility in site operations and layout.

This acquisition includes some of the most high-performing and in-demand IOS assets in the country. In the Greater Toronto Area, Shindico has acquired 62 acres of land with 91,000 square feet of rentable space, representing a critical foothold in one of North America’s most competitive logistics markets. In the Greater Vancouver Area, the acquisition includes 13 acres of land and 22,100 square feet of rentable space, offering direct access to West Coast trade infrastructure and supporting continued industrial demand in the region.

Eight of the nine sites in the portfolio feature Class “A” cross-dock facilities with temperate controlled docks, enabling seamless integration of produce, food products and other sensitive logistics and freight operations. The properties serve tenants in core sectors such as transportation, construction, infrastructure, and energy—businesses that rely on high-functioning outdoor space to store and stage trailers, shipping containers, equipment, and materials. TransX has a strong client base that includes major grocery and food producers—they handle approximately 65% of Canada’s refrigerated protein—as well as large consumer goods shippers. Notable customers include The Hershey Company, which recognized TransX with its 2023 Hershey Carrier Award. These clients depend on the type of flexible outdoor logistics infrastructure and cold-chain capacity that the TransX IOS portfolio is purpose-built to support.

“This portfolio stands out as a rare collection of IOS assets in top-tier markets,” said Sandy Shindleman, Founder and Chairman of Shindico. “With minimal site coverage and purpose-built functionality, these properties provide the kind of operational flexibility that is in high demand and short supply. They strengthen our national industrial footprint and align with our long-term strategy to own and manage irreplaceable logistics real estate.”

The IOS category continues to emerge as a vital segment of the North American industrial real estate market. Demand for well-located outdoor storage sites is rising, while zoning restrictions and urban development pressures have limited new supply. As a result, Shindico sees long-term value in acquiring and managing properties that offer logistics users rare access to flexible, open land in major metros.

Shindico currently manages a diverse and expanding industrial portfolio that includes Plessis Business Park in northeast Winnipeg, The Water Tower District in the heart of Winnipeg, and Brookside Business Park in the northwest. The addition of the TransX sites complements these holdings and further positions the company as a national leader in modern industrial real estate.

The portfolio’s legacy is equally significant. It was originally assembled by Louie Tolaini, founder of TransX and one of Canada’s most respected transportation entrepreneurs. After immigrating from Italy in the 1950s, Mr. Tolaini began with a single truck before founding TransX in 1963. Over the decades, he grew the business into one of Canada’s largest privately held transportation companies, operating approximately 1,500 trucks and employing around 3,000 staff.

In March 2019, Canadian National Railway (CN) finalized its acquisition of TransX, integrating the company’s intermodal and refrigerated freight capabilities into its broader transportation network. CN continues to operate TransX independently, retaining its Winnipeg headquarters at CentrePort Canada. Prior to the acquisition, TransX reported annual revenue of approximately CAD $500–600 million in 2018. CN does not provide segmented financial reporting for TransX post-acquisition.

“Shindico is proud to play a role in continuing the legacy of these exceptional properties,” added Shindleman. “We look forward to owning and managing the portfolio for decades to come and supporting the next generation of industrial and logistics users across Canada with our long-time partners, the Tolaini-Banville family.”

As Shindico continues to expand its national footprint, the company remains focused on acquiring strategic industrial assets that create long-term value for tenants, partners, and communities.

About Shindico

2025 marks Shindico’s 50th anniversary. Founded in 1975, Shindico Realty Inc. is a full-service commercial real estate company and one of the largest privately owned real estate firms in Manitoba. As owners and managers of commercial real estate, Shindico’s diverse portfolio of properties includes shopping centres, office buildings, industrial parks, multifamily apartments, personal storage, and mixed-use developments. Our reputation for integrity, professionalism, and excellent service is built on our mission statement of Succeeding by Helping Others Succeed. 

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For further information please contact:
Sandy Shindleman
Founder and Chairman at Shindico
Shindico Realty Inc.
P (204) 474-2000
www.shindico.com

Footnotes & Sources:

1. “CN buys TransX, eyeing intermodal growth,” Winnipeg Free Press, October 30, 2018.
2. “TransX founder, philanthropist Louie Tolaini dies,” Winnipeg Free Press, April 19, 2020.
3. TransX recognized by The Hershey

Shindico is thrilled to announce that Costco will opening up at Westport in late 2025!

Construction of the new 166,984 square foot Costco store has already commenced. The store will offer its usual inventory of grocery and household products and will complement the existing store locations in the city, while also providing a convenient place to shop for destinations west of the City.

Westport is an exciting new mixed-use development with 1,000,000 sq. ft. of proposed building area on 70 acres of land featuring retail, hotels, restaurants, offices, warehouses and multi-family opportunities.

Located near the intersection of the Perimeter Highway and Portage Avenue, Westport is situated in the heart of the largest concentration of sporting and recreational complexes in Manitoba, including the 460-acre Red River Exhibition Park (“Manitoba’s State Fair Grounds”), Assiniboia Downs Horse Racing and Hockey for all Centre — NHL Winnipeg Jets and AHL Manitoba Moose practice facility and home to a world-class concussion centre.

“We’re very excited to have Costco join our Westport development. They will be a great amenity for all of Western Manitoba and will spur more retail development at Westport. Congratulations to Costco on their fourth store in Winnipeg,” said Sandy Shindleman, Founder and Chairman at Shindico.

About Shindico

Founded in 1975, Shindico Realty Inc. is a full-service commercial real estate company and one of the largest privately owned real estate firms in Manitoba. As owners and managers of commercial real estate, Shindico’s diverse portfolio of properties includes shopping centres, office buildings, industrial parks, multifamily apartments, personal storage, and mixed-use developments. Our reputation for integrity, professionalism, and excellent service is built on our mission statement of Succeeding by Helping Others Succeed. 

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For further information please contact:

Sandy Shindleman
Founder and Chairman at Shindico
Shindico Realty Inc.
P (204) 474-2000
www.shindico.com

2025 marks Shindico’s 50th anniversary. Since our founding in 1975, we have become a trusted leader in the commercial real estate industry and one of Manitoba’s largest locally owned commercial real estate companies.

With over 7,000 people working in Shindico developments and a total $1.2 billion in economic impact in Manitoba, Shindico is focused on building strong relationships in the communities in which we live, work, and play. We are very proud of our diverse team of experienced professionals, offering services across all asset classes. We manage more than 8 million square feet of property and have another 12.6 million square feet in our development pipeline.

WATCH VIDEO: 50 Years of Succeeding by Helping Others Succeed

The Shindleman family history begins in 1912, when Sandy and Robert’s grandfather, Harry Shindleman, emigrated to Canada. The Shindlemans started in various farming and agricultural activities, meat processing and grocery business.

Sandy Shindleman recognized very early that he wanted to work in the real estate industry and, at the age of 18, became a licensed real estate broker and started investing in local real estate in Portage la Prairie. Sandy moved to Winnipeg in 1975 and that is where the Shindico story begins.

Get more information on Shindico’s origin story and how it all started by visiting https://arcg.is/0GCDy00

Guided by our mission, “Succeeding by Helping Others Succeed,” Shindico has grown to be a trusted partner in the commercial real estate landscape in Manitoba and beyond. With 162 properties and over 4,700 tenants, we are dedicated to developing and managing assets that bring communities closer and allow neighbourhoods to thrive.

“We extend our heartfelt gratitude to our employees, clients, partners, and stakeholders. Your support and achievements have been crucial to our growth,” said Founder and Chairman, Sandy Shindleman. “Thank you for allowing us to work with you over the last 50 years. It has been our privilege, and we are sincerely humbled by the trust you have placed in us.”

The next 50 years at Shindico look to be even more exciting than the first 50. With a 12.6 million square foot pipeline, Shindico is looking to grow its footprint across the country with a particular focus on multifamily mixed-use and industrial developments. The founding of SNR Construction Ltd, our new construction division, will allow us to have even greater flexibility and cost control.

About Shindico

Founded in 1975, Shindico Realty Inc. is a full-service commercial real estate company and one of the largest privately owned real estate firms in Manitoba. As owners and managers of commercial real estate, Shindico’s diverse portfolio of properties includes shopping centres, office buildings, industrial parks, multifamily apartments, personal storage, and mixed-use developments. Our reputation for integrity, professionalism, and excellent service is built on our mission statement of Succeeding by Helping Others Succeed. 

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For further information please contact:
Sandy Shindleman
Founder and Chairman at Shindico
Shindico Realty Inc.
P (204) 474-2000
www.shindico.com
This email address is being protected from spambots. You need JavaScript enabled to view it. 

We are thrilled to announce that Murray Goodman is joining the Shindico Brokerage Team!

With over 20 years of commercial real estate experience, Murray specializes in industrial and investment properties. His expertise spans negotiation, property valuation, investment sales, leasing, and development, having transacted over $7 million in recent deals. Murray’s achievements include being the winner of the Highest Dollar Volume Sale award.

Before joining Shindico, Murray held senior roles at Cushman & Wakefield | Stevenson and Colliers, where he consistently ranked as a top producer. As a licensed broker in Manitoba and Saskatchewan, he brings extensive knowledge and a proven track record to our team.

“We are excited to have Murray on board and look forward to the value he will bring to Shindico and our clients,” said Sandy Shindleman, Founder and Chairman at Shindico.

About Shindico

Founded in 1975, Shindico Realty Inc. is a full-service commercial real estate company and one of the largest privately owned real estate firms in Manitoba. Our reputation for integrity, professionalism, and excellent service is built on our mission statement of Succeeding by Helping Others Succeed.

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For further information please contact:
Sandy Shindleman
Founder and Chairman at Shindico
Shindico Realty Inc.
P (204) 474-2000
www.shindico.com

Murray Goodman
Senior Vice President, Industrial & Investment
Shindico Realty Inc.
P (204) 928-8228
M (204) 990-4800
This email address is being protected from spambots. You need JavaScript enabled to view it.