Wednesday, January 15, 2014 – For Immediate Release
Sarnia, ON – The Community Development Corporation has surpassed its targeted 85% tenancy rate for the Western Sarnia-Lambton Research Park. Atelka has signed a 10 year lease for up to 28,000 square feet of office space, effective March 1, 2014.
Initially, the company plans to hire over 300 employees. The addition of the new tenant is expected to increase the Park’s independence and ability to support ongoing research being undertaken at the Park’s Bowman Centre by researchers from Western University, Lambton College and several other private enterprises.
With the newly signed lease, the Western Sarnia-Lambton Research Park has achieved an 87% occupancy rate and is now expected to generate over $3,000,000 in revenue annually.
“The Western Sarnia-Lambton Research Park is delivering on its target of increasing the lease occupancy of the Park,” says Executive Director Tom Strifler. “The goal is to continuously grow the Park’s presence in the community by aggressively seeking out project opportunities and attracting new business.”
The Western Sarnia-Lambton Research Park was created in November 2003 with the inception of the Community Development Corporation, owned by the County of Lambton. The Research Park manages and operates the property owned by the CDC. It boasts 270,000 square feet of leasable area and is home to a number of high profile tenants including Nova Chemicals, Enbridge, and Worley Parsons.
For more information about Lambton County, visit www.lambtononline.ca.
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Contact:
Mike Bradley
Chair
Community Development Corporation
Telephone: 519-332-0330 ext. 3312
email: mayor@sarnia.ca
Tom Strifler
Executive Director
Western Sarni9a-Lambton Research park
Telephone: 519-383-8303 ext 245
email: tstrifler@sarnialambtonresearchpark.ca