Nearctic has waived conditions on the purchase of 270 Hunter Road, Grimsby, Ontario. Upon closing Nearctic will embark on a redevelopment strategy to convert the existing +/- 120,000 square foot, single tenant, industrial property into a multi tenant, small bay, urban industrial warehouse. The property is well located with exposure and access to the QEW within the Niagara Region. When redeveloped, the 24 – foot clear height, dock and grade loading, flex building will serve industrial, warehouse, showroom and office uses of +/- 25,000 square feet or greater.
Nearctic would especially like to thank our Toronto based development manager, Knightsbridge Development Corporation, and Mr. Will Smith, as well as the real estate brokerage team of Simon Henderson and Doug Murray of Colliers International’s Burlington office, for their contribution to realizing on this opportunity.
The acquisition and redevelopment of 270 Hunter Road in Grimsby, Ontario is a first step in Nearctic’s 10 year plan to build a multi geographical, multi generational, A class, multi tenant, urban industrial warehouse portfolio.