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NEW YORK CITY-Talks are under way for an undisclosed paper manufacturing company to acquire a 132,644-sf mixed-use property located in Mississauga, Ontario. The Gillette Canada Co.-owned building recently dropped leasing firm CB Richard Ellis and named Toronto-based Binswanger exclusive agent for the former Duracell manufacturing plant.

“We are looking for tenants who will use the property for production, as opposed to investors looking to resell,” Binswanger Canada/CBB president and lead broker Chris Forage tells GlobeSt.com. The property, which carries an asking price $4.1 million, features 22,144 sf of office space and an 110,500 sf manufacturing/storage area outfitted with 8-inch reinforced concrete floors, 24-foot ceilings and a wet sprinkler system.

Located at 2333 N. Sheridan Way, the 9.6-acre lot faces Hwy. QEW, between Erin Mills Pkwy. and Winston Churchill Blvd. It is situated in the southwestern portion of Mississauga, a prevalent consumer and industrial region in Canada.

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