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Histoires

CT Bakery Inc.

The Client

CT Bakery Inc. is a private Canadian company headquartered in Toronto, Ontario. The company specializes in the manufacturing and distribution of frozen/ready-to-eat pastry products to Canada’s largest retailers and quick serve restaurants across North America.

01 THE CHALLENGE

In 2020, the Covid pandemic was raging, affecting supply chains worldwide. CT Bakery nevertheless remained committed to growing their presence and brand throughout Canada. To achieve their goals, CT Bakery would have to expand their operations and secure an additional facility in the GTA West region. The facility was to be used for large scale warehousing, manufacturing, and distribution of ready-to-eat and frozen baked goods.

02 OUR MANDATE

Jesse Micak and Aaron Enriquez were mandated by CT Bakery to find and secure a lease for a facility that already possessed the infrastructure needed for its intended purpose.

03 OUR SOLUTION

The team immediately commenced an extensive search for both off/on market opportunities in the neighboring GTA area (close to CT Bakery’s Etobicoke headquarters). Facilities that possessed existing freezer/cooler infrastructure, floor drains, and food manufacturing equipment were pursued aggressively in the search.

After several buildings and aggressive negotiations, we found the perfect building (50,000 SF) for CT Bakery. A significant amount of rent abatement was achieved in a facility that was already built out with drains, food equipment and freezer/cooler space.

04 RESULT

While maximizing leverage with the landlord, CT Bakery also maintained negotiations with the previous tenant in the space to absorb their pre-existing temperature-controlled infrastructure and food-related manufacturing equipment. This allowed CT Bakery to seamlessly move into the space with little to no improvements, kick starting their operation.

Contacts

Jesse Micak
Jesse Micak

Vice President, Industrial
Mississauga, Canada


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Aaron Moore
Aaron Enriquez

Senior Associate, Industrial
Mississauga, Canada


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