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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