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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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