The Global Transportation Hub has a new tenant.
The GTH has come to an agreement with Brightenview Development International in a deal worth 7.6 million dollars.
Further details on Brightenview’s proposed development plan will be released later this year when conditions on the sale are removed.
Brightenview CEO Joe Zhou says not only was the opportunity at the GTH a perfect fit for their business development vision, but the recent designation of the Hub as a foreign trade zone point in Canada made it a critical value offering for their business model.
Currently, nine clients active in transportation, warehousing and distribution and related supply-chain activities operate out of the GTH.
It has attracted $485 million in private investment and employs more than 750 people.
Over the past year, the GTH has signed a number of agreements that enhance its service to the transportation community.
Last fall, Slinkemo Enterprises launched its drayage and container repair, storage and maintenance complex, while Sterling Truck and Trailer, a major supplier to Loblaw in terms of leasing and truck repair services, will open their business later this year.