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Asian cosmetics distributor buys Toronto warehouse previously occupied by Ikea

Korsmet acquires building from Humbold Properties in owner-user deal
The building at 455 Gordon Baker Road features a 28-foot clear height and five dock-high doors. (CoStar)
The building at 455 Gordon Baker Road features a 28-foot clear height and five dock-high doors. (CoStar)
By Melissa Rosenberger with
CoStar Research
June 2, 2026 | 3:53 P.M.

Korsmet Inc., a North America–focused wholesale distributor specializing in Asian skincare, cosmetics and personal care products, acquired a warehouse previously occupied by global home furnishings retailer Ikea at 455 Gordon Baker Road in Toronto.

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