Litchfield, December 1, 2017 – The Pontiac Industrial Park, situated in Litchfield, QC is now the property of the Wakefield Group.
Based in Seattle Washington, in 2017 this investment group purchased the properties which belonged to the Green Investment Group. The municipality of Litchfield sees this change as a positive announcement for the municipality.
The Pontiac Industrial Park is a very strategic site for the economic development of the region. The dimension of this park is one of rare types in Quebec that benefits from its proximity to the river, the province of Ontario and the Nation’s Capital.
Since the dismantling of the Smurfit-Stone facility, little activity and development have occurred on the site. This is the main reason that the Municipality of Litchfield considers the transfer to a company which specializes in commercial and land development a very positive step.
“In one sense, the impact of this decision has already had a positive effect on the municipality due to the fact that the Wakefield group paid the tax arrears of which the Green Investment Group defaulted on. We look forward to discussing their vision on the development of the site and to see how we can work together to ensure that their actions have a positive impact on the community of Litchfield and the Pontiac” stated Litchfield mayor, Colleen Larivière.
The official transfer of the property is expected in the weeks to come.