SOLD – Distribution Centers in Alberta & Ontario, Canada and Commercial Land in Houston, Texas

Bid Deadline: August 10, 2018
Auction Date: August 15, 2018

Situation Overview

Keen-Summit Capital Partners LLC has been engaged by Lockwood Holdings, Inc. (“Debtors”), as exclusive real estate broker for the sale of 182 Turbo Drive, Sherwood Park, Alberta; 499 Gladwish Dr., Sarnia, Ontario, Canada; and 66.72 acres at E. Sam Houston Parkway No., Houston, TX.

Lockwood - Notice of Successful Bidders

Lockwood - 18-30197 Notice of Sale Hearing

Lockwood - Bidding Procedures Motion

Lockwood - Bidding Procedures Order

Lockwood Non-Disclosure Agreement (For access to the data room, complete the NDA and send the executed copy to Heather Milazzo)

Purchase and Sale Agreement - Beltway (Houston)

Ontario - Contract Template

Schedule B to Lockwood Ontario Contract

Purchase and Sale Agreement - (Alberta) v3

 

  • Edmonton Exterior 2
  • Sernia building image
  • Aerial

Distribution Centers 
1) 182 Turbo Drive, Strathcona County, Alberta, Canada

  • Property consists of 2 distribution/warehouse facilities totaling 147,150 SF (13,900 SF office)
  • Recently built–2001&2014
  • Bldg 1: 3 x 1-ton jib cranes & 400 amp electrical
  • Bldg 2: 3 x 10-ton, double rail Kone cranes (full length), 600 amp electrical

2) 499 Gladwish Drive, Sarnia, Ontario, Canada

  • 25,700 square foot distribution building with 3,200 SF office
  • Built in 2003
  • Strategically located for maintenance and support of the Ontario petro chemical industry

Commercial Land
3) SEC of Beltway 8 & South Lake Houston Parkway, Houston, TX

  • Approximately 66.79 acres
  • Excellent development opportunity, surrounded by FMC Technologies’ 173 acre corporate headquarters, Generation Park, a 4,000 acre master planned park
  • Surrounded by master planned communities causing rapid density growth

Contact

Chris Mahoney
(646) 381-9205

Heather Milazzo
(646) 381-9207

Doug Greenspan
(646) 381-9218