NAI Park Capital, in conjunction with Read Capital Realty Corp. is pleased to announce the successful lease transaction at 400 Southgate Drive, Guelph, Ontario.
400 Southgate Drive is a 78,303 square foot industrial building, situated on 5.6 acres of land, located in Guelph’s Hanlon Business Park. The property is located in close proximity to the Hanlon Parkway, and only minutes north of Highway 401.
Michael Merker of NAI Park Capital, and Steven Sisolak of Read Capital Realty Corp. represented the landlord.
Michael Lambert of Whitney & Company Realty Limited represented the tenant.
GUELPH, ONTARIO, CANADA: NAI Park Capital is pleased to announce the completion of a newly negotiated lease with Kooiman Industries Limited for 20,390 square feet of industrial and office space located at 589 Massey Rd., Guelph, Ontario, bringing the property to 100% occupancy. Kooiman Industries Limited is consolidating two separate locations into one building, and relocating to Guelph from an outside municipality.
Michael Merker, CCIM represented the Landlord in the transaction.
The property is managed by Orbis Property Management on behalf of an overseas investor.
Imagine this: you find your business client a great place, at a great location, at a below market rate. Your client poured money into tenant improvements because they plan to stay there forever. And why wouldn’t they? The rent is so cheap and the location is great! But, we all know that if it’s too good to be true…
Just after your client does a full launch of his business, the landlord’s lender tells him that his lease is terminated and he is evicted.
Do they have the right? Does your client have to leave?
NAI Park Capital recently represented the Tenant, 12 Gage Customs Limited, in leasing 12,680 square feet of industrial and office space located at 45 Massey Rd., Guelph, Ontario. This represents the doubling space for one of its Guelph locations. 12 Gage Customs Limited currently has two locations in the Northwest Industrial Area of Guelph.
Michael Merker, CCIM represented the Tenant in the transaction. Read Capital Realty Corp. represented the Landlord.