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"Caterpillar has been very
pleased with the services of David Hurst on our projects. David is a
very competent broker who has demonstrated all the professional qualities we
look for in a real estate agent. We do not hesitate to recommend David to
firms that require real estate services."
Mr. Bo Mattson, Manager of Real Estate, Caterpillar
Client Objectives / Situation
Finding a buyer or buyers for a
short term leaseback of a 180,000 sq. ft. manufacturing plant and a long
term leaseback of a 140,000 sq. ft. distribution facility in Mississauga.
Disposition of a modern 485,000 sq. ft. manufacturing facility on a 200 acre
site in north Brampton.
Short term warehouse sublets.
Activities / Initiatives
Promotion of these agencies totaling in excess of 1.5 million square feet
Results Delivered
Multiple sale and lease transactions totaling in excess of $40 million and
including over 1.5 million sq. ft..
Found a single investor/buyer involving two separate lease transactions
based on different needs in office/manufacturing requirements compared to a
long term requirement for the warehouse facility (parts and distribution).
Sold 103 acres of vacant land to a
developer/industrialist for a new brick plant and future commercial land
development.
Sold 42 acres of vacant land to the City of Brampton and sold the balance -
the 485,000 sq. ft. plan on 52 acres, to a developer/investor with a 10 year
lease in place with Woolco (Venator).
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