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Client Objectives / Situation

With North American slowdown of carpet industry Burlington Industries decided to close its Canadian carpet manufacturing plant in Brampton.

Required disposition of a 385,000 sq. ft. plant.

Activities / Initiatives

–Presentation of sale/lease listing to Burlington executives in Greensboro, North Carolina

Results Delivered

Listing contract agency awarded to Royal LePage with David Hurst as the head listing agent.

A complex long term lease transaction (with purchase option) with length "rent free" period to allow warehousing tenant to retrofit this manufacturing plant into a warehouse distribution center.

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