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The Georgian Group
 
The Challenge 
The Georgian Group had been trying to lease their property located at 580 Granite Court in Pickering for a long period of time. High price expectations and a limited market previously prevented the sale.
 
 
The Solution 
CB Richard Ellis marketed the property to identify a purchaser who would greatly benefit from this acquisition. After numerous discussions, CB Richard Ellis presented the opportunity to Purdue Pharmacy, which convinced them to move toward an aggressive campaign to acquire the property.

 

 

CB Richard Ellis Limited
580 Granite Court

The End Result
The resulting deal created a benchmark for industrial properties in this suburban market with a final sale price of $80.00 psf that satisfied both the vendor and the purchaser.
Last Modified: Wednesday, June 07, 2006
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