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Northstar Signs Long-Term 15-Year Lease Agreement with Two 5-Year Renewal Options for Industrial-Zoned 4-Acre Property for Planned Calgary Scale-Up Facility
Northstar Signs Long-Term 15-Year Lease Agreement with Two 5-Year Renewal Options for Industrial-...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Northstar Signs Long-Term 15-Year Lease Agreement with Two 5-Year Renewal Options for Industrial-Zoned 4-Acre Property for Planned Calgary Scale-Up Facility\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n 15-year initial term with two 5-year renewal options for industrial-zoned 4-acre property in a well-developed industrial area located 4.4km southeast of the City of Calgary East Landfill\n \n \n \n \n \n \n Located close to (i) the City of Calgary East Landfill, (ii) residential areas where shingles are sourced from, (iii) industry partners, and (iv) easily accessible from major transportation routes\n \n \n \n \n \n \n All municipal permits received to proceed with construction, collection of asphalt shingles and production\n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 24, 2023\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce that its wholly owned subsidiary Empower Environmental Solutions Calgary Ltd. has signed a long-term 15-year lease agreement (the \"Lease\") with the Mook Group of Companies (the \"Landlord\") for an industrial-zoned property of 3.98 acres located in Rocky View County, a municipal district adjacent to the\n \n City of Calgary, Alberta\n \n , as the site for the Company's planned scale-up facility in\n \n Calgary\n \n (the \"Empower Calgary Facility\").\n \n \n \n \n \n \n \n \n \n The Lease is for an initial term of 15 years, with two extension options of five years each. The\n \n 125m\n \n x\n \n 125m\n \n site is strategically located just outside of metropolitan\n \n Calgary\n \n , easily accessed 4.4km southeast of the City of Calgary East Landfill. The Company can access the site starting\n \n July 1, 2023\n \n . The Lease also allows for certain improvements to be made and financed under the lease at Northstar's discretion.\n \n \n Mr.\n \n Aidan Mills\n \n , President & CEO and Director of Northstar, stated, \"We are excited to have secured a suitable...