The Council of the Township of Zorra is pleased to announce it has finalized an agreement of purchase and sale with Kingwood Homes Inc. for a portion of the former Maple Leaf Foods Inc. site in Thamesford. The parcel of land includes two existing industrial processing plants, and a 2-acre parcel of land along Middleton Street. Sale price for the property is $2,000,000.

As part of the agreement of purchase and sale, Kingwood has also agreed to purchase the remaining 112 acres over two phases with the second deal to close in mid-2021 and the third deal to close in mid-2022. The combined sale price is $7,000,000.

Read the full news release here.