Cushman & Wakefield ULC is pleased to offer for sale and leaseback 649 North Service Road, Burlington, ON (the “Property”). The Property is laid out as a research and development facility with office, lab and assembly spaces in a campus like setting. The leaseback will be to The Cultivated B (“TCB”), a leading bioengineer company focused on alternative protein production. The leaseback will be for 10 years and providing long term control of the space while creating capital to continue to grow the business. TCB will enter into a leaseback for all or part of the Property depending on the needs of a potential purchaser.
The property is improved with a 117,547 sf building on 21.43 acres located in an employment catchment that has a highly educated workforce along and being easily accessible by the major highway networks. The zoning of the property allows for a wide array of employment uses and offers the opportunity to acquire a stabilized investment with a Property that will have long-term utility in the future.