A View on View :: Nortel's New Digs

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Nortel's New Digs

by Mark Evans on Tue 20 Dec 2005 03:34 PM EST | Permanent Link

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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Nortel Networks

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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

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