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Case Study

650 Cataraqui Woods Dr

Kingston, ON

Property Type: Industrial
Region: Kingston
Lot Size: 11.64 acres
Sold in less than 60 days!
The Challenge

Cushman & Wakefield Kingston/Cushman & Wakefield (Toronto), were engaged by H&R REIT to undertake the disposition of their asset at 650 Cataraqui Woods Drive in the City of Kingston’s west end, a growing industrial/retail node.

The Solution

Utilizing our local Kingston presence, we were able to identify and target qualified purchasers in the Kingston area. Working in conjunction with Cushman & Wakefield in Toronto, we launched a full marketing campaign, reaching over 1,300 prospective purchasers across the Greater Toronto Area on a weekly basis. Within a four-week period we toured seven independent groups through the property.

The Result

After just 59 days on the market, Cushman & Wakefield/Cushman & Wakefield Kingston was able to effectively identify a qualified purchaser and generate an offer at close-to full asking price.