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Supremex Completes Sale-Leaseback of Two Properties for $53 Million
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Supremex Completes Sale-Leaseback of Two Properties for $53 Million
Jul 10, 2025 6:21 AM

08:51 AM EDT, 07/10/2025 (MT Newswires) -- Supremex ( SUMXF ) on Thursday said it completed a sale-leaseback agreement for two properties for $53 million.

The company, indirectly through wholly-owned units, sold properties located on Cordner Street in LaSalle, Quebec, and on Humberline Drive in Etobicoke, Ontario, to entities affiliated to Brasswater, a real estate development firm in Eastern Canada and the United States. Supremex ( SUMXF ) also signed lease agreements on the properties for an initial 10-year term.

Shares of the company closed down 2.1% to $3.8 on Wednesday on the Toronto Stock Exchange.

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