Construction heavyweight Broccolini is among the firms that have snapped up $7.5 million worth of land in a Cornwall business park as the city looks to further capitalize on its growing prominence as a distribution hub.
Cornwall council last week approved the sale of 158 acres of land at the Cornwall Business Park, located in the east end of the city near Highway 401.
Broccolini led the way, purchasing 80 acres of fully serviced land in the industrial park for $4 million. The Montreal-based construction firm already has first-hand knowledge of Cornwall’s allure as a fulfilment centre after building a 1.3-million-square-foot warehouse for U.S. big-box retailer Target at the business park a decade ago.
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Rug and home furnishing wholesaler Safavieh was among the big-name buyers, purchasing 62 acres of land in the park for a possible distribution centre. Other firms that acquired land include Montreal-based Kingland Investment Group, which bought 10 acres, and Cornwall Mercedes-Benz owner Fairview Garage, which purchased about six acres.
More than 1,600 acres of land have already been developed at the park. Vinyl manufacturer Morbern, courier firm Purolator and furniture maker Ridgewood Industries are among the companies with operations at the site.