Employer purchases EG land

Media Release – East Gwillimbury

(Gormley, Ontario) October 9, 2014 – The RiceCommercial Group is pleased to announce the completion of an agreement with Airstate Ltd., a manufacturing company based out of Calgary to acquire lands at the northeast corner of Green Lane and the 404 in the Town of East Gwillimbury.
This land will facilitate expansion in an industrial, office facility and future commercial for the company and will bring approximately 500 jobs to East Gwillimbury. The facility is expected to open its initial phase by early 2017.

“This is an important collaboration with the Town to attract a leading employer to anchor the 404 employment corridor. Rice Commercial Group worked closely with the Town to help facilitate this transaction and recognize the significant benefits that it will bring to this community for
economic development,” said Mike Rice, President of Rice Commercial Group

Airstate Ltd. is the parent company of Engineered Air, North America’s leading manufacturer of custom built heating, ventilating, air conditioning, refrigeration, and energy recovery equipment. With 12 sales offices in Canada, 20 in the U.S.A and a total of 9 factories in North America, the
company employs over 65 graduate engineers and 105 technicians. The company has a total work force exceeding 1300 highly trained people; all of whom work in Sales, Manufacturing, Design, Research & Development and Administration.

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