SOLD – Distribution Centers in Alberta & Ontario, Canada and Commercial Land in Houston, Texas

Bid Deadline: August 10, 2018
Auction Date: August 15, 2018

Situation Overview

Keen-Summit Capital Partners LLC has been engaged by Lockwood Holdings, Inc. (“Debtors”), as exclusive real estate broker for the sale of 182 Turbo Drive, Sherwood Park, Alberta; 499 Gladwish Dr., Sarnia, Ontario, Canada; and 66.72 acres at E. Sam Houston Parkway No., Houston, TX.

Lockwood – Notice of Successful Bidders

Lockwood – 18-30197 Notice of Sale Hearing

Lockwood – Bidding Procedures Motion

Lockwood – Bidding Procedures Order

Lockwood Non-Disclosure Agreement (For access to the data room, complete the NDA and send the executed copy to Heather Milazzo)

Purchase and Sale Agreement – Beltway (Houston)

Ontario – Contract Template

Schedule B to Lockwood Ontario Contract

Purchase and Sale Agreement – (Alberta) v3

Distribution Centers
1) 182 Turbo Drive, Strathcona County, Alberta, Canada

Property consists of 2 distribution/warehouse facilities totaling 147,150 SF (13,900 SF office)
Recently built–2001&2014
Bldg 1: 3 x 1-ton jib cranes & 400 amp electrical
Bldg 2: 3 x 10-ton, double rail Kone cranes (full length), 600 amp electrical

2) 499 Gladwish Drive, Sarnia, Ontario, Canada

25,700 square foot distribution building with 3,200 SF office
Built in 2003
Strategically located for maintenance and support of the Ontario petro chemical industry

Commercial Land
3) SEC of Beltway 8 & South Lake Houston Parkway, Houston, TX

Approximately 66.79 acres
Excellent development opportunity, surrounded by FMC Technologies’ 173 acre corporate headquarters, Generation Park, a 4,000 acre master planned park
Surrounded by master planned communities causing rapid density growth