Nortel's got a new home after selling its 63-acre, one-million square foot facility in Brampton, Ont. for $100-million to Rogers Communications a couple months ago. The company is moving to an 11-storey building (160,000 sq. feet) in Etobicoke, Ont. This isn't much of a surprise given the new digs are a 10 to 15 minute drive from Toronto's Pearson International Airport. As a result, Nortel's U.S.-based executives can slip into town and slip out again with little aggravation. Then again, many of those U.S. executives are leaving in droves. The latest is chief marketing officer Clent Richardson, who is leaving in March. His decision to resign comes on the heels of the departures of Sue Spradley and Brian McFadden.
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Comments
Re: Nortel's New Digs
by
Tyler
on Tue 20 Dec 2005 05:05 PM EST | Profile | Permanent Link
West Mall is so depressing... talk about going down market.
Re: Nortel's New Digs
by
Stuart MacDonald
on Tue 20 Dec 2005 05:22 PM EST | Profile | Permanent Link
But you've got that new Wal*Mart just down the way, and when it's windy planes fly right up the 427...
Silver lining ;) - Stuart Re: Nortel's New Digs
by
Anonymous
on Wed 21 Dec 2005 10:17 AM EST | Permanent Link
Overall, this is a good trade for Brampton. Nortel for Rogers. Not as good as the Thornton to San Jose trade, but good none-the-less :-)
-Randy Trackbacks
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