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440 Phillip St
Waterloo, ON N2L 5R9 Waterloo North-West

$3.63 - $10.17 USD/SF/YR

Flex For Lease  •  20,000+ SF

Property Details

  • Property Type Flex
  • Year Built 1989
  • Total Building Size 149,605 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning E2B-40
50 Transit Score
50 Walk Score

2 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste B100 Flex 20,000-51,836 SF $10.17 USD/SF/YR 
Positioned within the dynamic Factory Square Campus near the University of Waterloo, Unit B100 at 440 Phillip Street offers 51,836 SF of premium white box industrial space with a newly constructed Class A office component. This versatile facility is ideal for businesses seeking a clean, high-performance environment with robust infrastructure and flexible layout options.

The space features 18-foot ceilings, dock and drive-in loading, and 975 amps of power, supported by four Generac generators delivering 600 KW of continuous emergency power. Server rooms are equipped with remote, air-cooled condensing units, ensuring operational reliability for tech-driven or data-intensive tenants.

With options to demise the space into 20,000 SF and 30,000 SF units, Unit B100 accommodates a range of operational needs. Permitted uses include advanced tech, data centers, medical clinics, light industrial, training facilities, and major office functions, making this an exceptional opportunity for forward-thinking enterprises.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
2nd Floor Ste B200 Flex 12,000 SF $3.63 USD/SF/YR 
Located in the heart of Waterloo’s thriving tech and university district, Unit B200 at 440 Phillip Street offers 12,000 SF of second-level open-plan office and lab space within the renowned Factory Square Campus. This dynamic environment is ideal for advanced tech firms, maker spaces, light industrial users, and training facilities seeking a collaborative and well-connected setting.

The space features LED lighting, mesh roller-shaded windows, and an exposed open web joist ceiling, creating a modern and functional aesthetic. HVAC is provided via gas-fired rooftop units, with remote air-cooled condensing units serving electrical and server rooms. Emergency power is supported by four Generac diesel-fired generators, each with a 1,400-gallon capacity and 600 KW output, ensuring uninterrupted operations.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet

Description 

Welcome to the Factory Square Campus, a premier 530,000 SF tech office campus in Waterloo.  Located in the heart of Waterloo’s tech and university community, the Factory Square Campus offers easy access to talent, resources and networking opportunities. The campus is close to the LRT and offers free on-site parking, making it convenient for employees and clients. Tenants of all 3 buildings can enjoy the outdoor courtyard and lounge located at 451 Phillip.

Highlights

The facility offers both dock-level and drive-in loading options, supporting flexible logistics and operations.
The property includes a newly constructed Class A office area that enhances professional appeal and functionality.
On-site parking and clean, well-maintained interiors make the space ideal for businesses seeking a turnkey industrial solution.
Located within the Factory Square Campus, the site provides proximity to the University of Waterloo and the LRT station.

Public Transportation

Commuter RailDriveWalkDistance
3 min 5 min 0.3 mi
4 min 15 min 0.8 mi
AirportDriveWalkDistance
Kitchener/Waterloo 29 min - 14.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 500
Type: Surface
Included in Rent: Yes
Ginger Whitney 519-746-6300 Whitney & Company Realty Limited
Ginger Whitney 519-746-6300 Whitney & Company Realty Limited