03:28 PM EST - Brick Brewing Co. Limited : announced today that it has entered into a definitive agreement for the sale of its King Street property in Waterloo with a selling price of four million dollars. Brick anticipates the transaction will close during the fiscal third quarter. This move by Brick is part of a strategy to consolidate its operating facilities to improve manufacturing competitiveness. The buyer, HIP Developments, is expected to pursue re-development of the site, located in the thriving King Street corridor in Uptown Waterloo. Once closed, Brick will lease the property back while completing an expansion project at its Bingemans Centre Drive location in Kitchener. Brick Brewing Co. Limited
shares T.BRB are trading down $0.01 at $1.26.
