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Former Proctor & Gamble Plant Sold to Leclerc Foods.
Southeastern Ontario's Industrial Market is Shifting.
Cushman & Wakefield Kingston • February 1st, 2022
1475 California Avenue, the previous Proctor & Gamble plant located in Brockville, Ontario has been sold to Leclerc Foods. A geographically strategic move for the food manufacturer and an economic boost for Brockville and its surrounding regions.
The Industrial building is approximately 790,197 square feet in size and sits on approximately 136 acres. The current building is fitted with substantial office, process/making, warehouse, packaging, and utility space, laboratory, and fabrication areas. It features 40 dock-level doors, two roll-up doors, and 9 Rail spurs.
Brockville, Ontario located in the County of Leeds and Grenville, is situated on the St. Lawrence River. Providing an ideal location with its close proximity to large city centres and USA border crossings.
In the early 2000s, the industrial market was in a much different state than it is today. Manufacturing facilities were being purchased for the purpose of alternative land use. The remaining infrastructure was often demolished and buildings were sometimes re-built to suit the needs of buyers.
Though, within a two-year period, Southeastern Ontario has been experiencing a change in purchasing trends in the industrial market.
Peter Kostogiannis Broker of Record and President of Cushman & Wakefield Kingston says "Purchasers undertake a significant cost and risk when developing large customized plants" and "has witnessed a resurgence in the demand for existing industrial infrastructure."
This transaction is a great example of manufacturers taking advantage of large, well-maintained existing industrial real estate.
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