Rice Group

What Rice Group does

Rice Group is a privately held, vertically integrated real estate developer founded in 2000 and headquartered in Markham, Ontario, Canada. The company operates across the full real estate development lifecycle — land acquisition, development approvals, leasing, construction, aggregates supply, and property management — through its operating divisions: Rice Construction, Rice Aggregates & J.F. Kitching & Son, The International Centre (a trade and conference venue), and Airside Development. Its portfolio exceeds 2,000 acres, primarily in the Greater Toronto Area, comprising approximately 6.5 million square feet of existing industrial and commercial space and over 10 million square feet in the development pipeline.

The company's property offerings span retail (anchored shopping centers), industrial and logistics (large-scale business parks such as Choice Caledon Business Park at 420 acres), office, and airside properties at Toronto Pearson (YYZ) and Winnipeg (YWG) airports. Rice Construction also provides site preparation, civil work, and demolition services to third parties, and Rice Aggregates supplies aggregates, trucking, recycling, and disposal services externally. Named enterprise tenants include Loblaws, Costco, T&T Supermarket, CIBC, BMO, LCBO, LA Fitness, Sleep Country, Kelsey's, and Moxies, distributed across retail, banking, food & beverage, fitness, and government sectors.

Revenue is generated primarily through recurring real estate leasing (commercial real estate, typically quote-based) supplemented by development sales, construction services, aggregates supply, and venue/event hosting at The International Centre. The company is privately held with no disclosed funding rounds, parent company, or institutional investment. Leadership includes Randy Hinton (President) and Robert Piccinin (Vice President, Leasing). The GTM motion is sales-led and relationship-driven, with active tenant management across retail, industrial, and infrastructure asset classes.

Name

Rice Group

Legal name

Rice Group

Website

https://ricegroup.ca

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Rice Group is a privately held, vertically integrated real estate developer in the Greater Toronto Area managing 2,000+ acres and 6.5 million sq.ft. of retail, industrial, office, and airside properties, serving enterprise tenants across retail, banking, fitness, and government sectors.

Ownership category

akta.pro rank

Headquarters

HQ city

Markham

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Real Estate Development and Leasing: Revenue generated from developing and leasing retail, industrial, and commercial properties. The company develops properties and leases space to tenants, managing a portfolio in excess of 2,000 acres with approximately 6.5 million square feet of industrial and commercial space.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Rice Group develops, leases, and manages retail, industrial, commercial, and airside real estate across a 2,000+ acre portfolio in the Greater Toronto Area, controlling the full lifecycle from land acquisition and development approvals through construction (Rice Construction), aggregates supply (Rice Aggregates & J.F. Kitching & Son), leasing, and ongoing property management. The company also operates The International Centre, a 500,000+ sq.ft. trade show and conference venue, and provides airside development at Toronto Pearson (YYZ) and Winnipeg (YWG) airports.

Product overview

Rice Group is a vertically integrated real estate development company operating across retail, industrial, infrastructure, and airside property sectors. The company manages the full development lifecycle through its operating divisions: Rice Construction (site preparation, civil and building construction), Rice Aggregates & J.F. Kitching & Son (aggregate supply and trucking), and The International Centre (conference and exhibition venue). The property portfolio includes retail properties (anchored shopping centers), industrial/logistics facilities, office spaces, and airside properties at major Canadian airports. Rice Group manages a portfolio exceeding 2,000 acres in the Greater Toronto Area with approximately 6.5 million square feet of existing industrial and commercial space and over 10 million square feet in the development pipeline.

Differentiator

Problem solved

Functional benefit

Brands

• Choice Caledon Business Park: Logistics park located in South Caledon - industrial business park with 420 acres land size and 6.1 million sq. ft. project size
• Choice Eastway Industrial Centre
• Green Lane West
• Green Lane Northwest
• Choice Caledon Retail Park
• Halton Hills Crossings
• Markham Commercial Park
• Crossland Centre
• Gormley North
• Winnipeg Airside
• Toronto Airside

Products and services

• Rice Construction Provides site preparation, civil work, building construction, site servicing, site remediation, and demolition services. While the primary focus is on Rice Group's own projects, the division also provides services to third-party clients.
• Rice Aggregates & J.F. Kitching & Son Provides aggregate supply and transportation services including trucking (triaxles, live bottom trailers, roll-off trucks, flatbed with moffett forklifts, slingers and float services), recycling (concrete/asphalt crushing, custom crushing, soil screening), and disposal services. Products include native aggregates (limestone, gravel, sand, natural stone), recycled materials, soil products, mulch, and salt.
• The International Centre One of Canada's largest privately owned trade, consumer show, and conference venues, featuring over 500,000 square feet of flexible exhibition space and a 48,000 sq.ft. Conference Centre in the Greater Toronto Area. Hosts large conventions, trade shows, executive meetings, and consumer events.
• Retail Properties Retail leasing opportunities including anchored shopping centers and retail plazas in prime locations, such as Bayview & St John's Sideroad (anchored by T&T Supermarket), Highway 401 & Islington Avenue (Costco anchored), and Choice Eastway Retail Centre.
• Industrial Properties Premium industrial and logistics spaces including Choice Caledon Business Park (420 acres, 6.1 million sq.ft.), Choice Eastway Industrial Centre (145 acres, 1.9 million sq.ft.), Green Lane West (28 acres), Green Lane Northwest (42 acres), and Halton Hills Crossings Industrial (32 acres, 568,000 sq.ft.).
• Airside Properties Airside leasing solutions at airports including Toronto Airside at Pearson International Airport (YYZ) featuring private air terminal and hangar facilities, and Winnipeg Airside at YWG.
• Office Properties Office space leasing opportunities within Rice Group's mixed-use developments and business parks.

Named customers10 records

Segments1 record

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• RioCan REIT: One of Canada's largest REITs focused on retail and mixed-use properties. Comparable in anchored retail exposure and Canadian footprint, though larger and more geographically diversified than Rice Group.
• Cadillac Fairview: Major Canadian commercial real estate owner, operator, and developer with significant retail, office, and mixed-use properties. Comparable in Canadian commercial real estate development and management, though much larger in scale.
• Morguard Corporation: Canadian real estate company owning and operating a diversified portfolio of retail, office, industrial, and multi-residential assets. Comparable in diversified Canadian commercial real estate ownership and management.
• Brookfield Asset Management: Global alternative asset manager with major real estate operations including industrial logistics, retail, and office. Comparable in commercial real estate ownership, though far larger and more globally diversified.

Direct peers

• Choice Properties REIT: Canadian REIT anchored by Loblaw Companies, focused on retail and industrial properties across Canada. Direct comparison given Rice Group's Loblaws-anchored retail centres and industrial logistics portfolio.
• Menkes Developments: Major Toronto-based developer of commercial, industrial, and residential real estate. Comparable in GTA-centric full-cycle development model and in-house construction/development capabilities.
• The Torgan Group: GTA-based real estate developer with retail, commercial, and industrial projects. Comparable mid-sized private developer with similar anchored retail and industrial focus.
• SmartCentres REIT: Canadian REIT focused on anchored retail, mixed-use, and industrial/logistics developments. Directly comparable to Rice Group in tenant profile (Loblaws, Walmart, Costco anchors) and GTA-anchored portfolio strategy.
• First Gulf Corporation: Toronto-focused real estate developer active in industrial, office, and mixed-use projects. Comparable as a GTA land-based developer with significant development pipeline and vertically integrated capabilities.
• Dundee Industrial REIT: Canadian REIT specializing in light industrial and logistics properties. Comparable to the industrial portion of Rice Group's portfolio, particularly GTA and Ontario logistics assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rice-commercial-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rice Group