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CCH C2C Industrial Properties

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Share Name Share Symbol Market Type
C2C Industrial Properties TSXV:CCH TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

C2C Industrial Properties Inc. Completes Acquisition of Montreal Industrial Warehouse

22/04/2013 7:26pm

Marketwired Canada


C2C Industrial Properties Inc. ("C2C" or the "Company") (TSX VENTURE:CCH)
announced that it has completed the acquisition of an industrial warehouse and
distribution centre located in Longueil, Quebec effective April 19th, 2013. The
property contains 222,464 square feet of gross leaseable area on 11.47 acres of
land well-located in the Longueil district of greater Montreal. Its location
provides excellent access to all Greater Montreal Area markets, as well as to US
border crossings. The building is 100% leased to a tenant who has occupied the
facility since 1967.


The Company paid $7.5 million for the property, representing a cap rate of
approximately 7.5%, excluding due diligence and closing costs. The purchase
price was satisfied entirely in cash.


About C2C Industrial Properties Inc.

C2C is a real estate investment corporation specializing in the acquisition,
ownership and operation of light industrial properties across Canada. C2C
currently owns 25 industrial assets totalling approximately 2.5 million square
feet of gross leaseable area. More information about C2C (TSX VENTURE:CCH) is
available at www.c2cip.com.


Forward Looking Statements

This document contains forward-looking statements relating to C2C and the
industry in which it operates and its strategy, action plans and investments,
which may involve estimates, forecasts and projections. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict and/or are beyond C2C's control. Consequently, readers
should not place any undue reliance on such forward-looking statements. These
forward-looking statements are made as of the date of this press release. C2C is
under no obligation to update any forward-looking statements contained herein
should material facts change due to new information, future events or other
factors, unless otherwise required to do so by applicable law. All
forward-looking statements attributable to C2C are expressly qualified by these
cautionary statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
C2C Industrial Properties Inc.
Christopher Ross
President
(416) 646-7353
cross@c2cip.com

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