Case Study: Westex International achieves a cost-effective 102,000 sq. ft. growth-ready industrial lease and preserves capital with Cresa Toronto

Westex International - Customer Case Study

Westex International, an industrial tenant in Toronto with a lease expiring after roughly 10 years, wanted to purchase a building to support future growth while staying close to its original location to retain staff. They engaged Cresa (Cresa Toronto) for Transaction Management to leverage the market and identify the most cost‑effective real estate solution.

Cresa conducted an almost year‑long search of sale and lease options and secured a 102,000 sq. ft. lease in the Heartland node of Mississauga with Westex’s existing landlord, avoiding an overheated purchase market. Cresa negotiated a phased‑rent structure and took advantage of existing office space to reduce build‑out costs, enabling Westex to preserve capital, grow into the space favorably, and retain its workforce.

Westex International