Strongco announces move to new facility

Strongco
June 01, 2018
By Strongco
June 1, 2018 - Strongco Corporation has announced that it has reached an agreement to terminate the lease of its branch at 205 McAlpine Crescent in Fort McMurray, Alberta, effective July 1, 2018, and has entered into a separate agreement to sublet a smaller building at 310 MacKenzie Boulevard as its new branch in Fort McMurray. The total cost for termination of the existing lease plus real estate fees, legal fees and relocation costs is anticipated to be approximately $3 million. The net savings from exiting the current leased facility in favour of the smaller sublet facility are expected to exceed $9 million.

"While there will be upfront costs to terminate our current property lease and relocate, the savings over the remaining 11-year term of the current lease are substantial," said Robert Beutel, Executive Chairman of Strongco. "The new facility will enable us to more efficiently provide exceptional service to our customers in the region."

For more information
www.strongco.com

Add comment

All comments are vetted by Canadian Rental Service editorial staff before posting. Comments soliciting business or promoting specific products or services will not be posted. Defamatory or abusive language will result in banning from the site.


Security code
Refresh

Coming Events

Landscape Ontario Congress
January 8-10, 2019
World of Concrete
January 22-25, 2019
Canadian Concrete Expo
February 6-7, 2019
The Rental Show
February 17-20, 2019
IPAF Summit
March 6, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.