Located in the heart of Hespeler Village in Cambridge Ontario, we at New Hope Properties offer commercial and industrial rental spaces throughout the city of Cambridge for various clients and their business needs. We are in a unique position in that not only do we own our own buildings, but we also provide exceptional in-house leasing and rental services to our clients. We understand our client’s needs as they are in direct contact with us, as we do no not outsource our client’s property management needs to a third party.
Here at New Hope Properties family is everything, being a small family owned business, you can be rest assured that our New Hope family is made up of committed, professional and knowledgeable individuals, who will take care of all your leasing and property management needs.
In the late eighties, the famous Artex Woolen Mill located at 25 Sheffield St. was a shadow of its former glory days. Once considered the most modern equipped woolen mill in the country, it now stood as a 200,000 sq. ft. orphaned firetrap. Vandalism, unpaid taxes, and environmental concerns made this eyesore an unpopular fixture within one of Hespeler's industrial areas.Rejuvenated
In 1997, New Hope Properties, owned by Terry and Brenda Carter, bought this property and set out on a massive 1-1/2-year campaign to clean up the entire site. Of significance was the massive cleanup from a fire which levelled 30,000 sq. ft. of space in January of 1994.
Following the clean up, well over $1,000,000 was spent in completely replacing all the infrastructure including plumbing, electrical, gas lines, and firewalls. Externally, the fascia underwent a complete 'facelift' and the 9-1/2-acre site has been divided for parking and trucking requirements.Renewed
Today, the site is home to 10 tenants and provides a place of employment for a workforce numbering over 100. The division of space is relatively unchanged from its former occupant but now has a balanced mix of light industrial, packaging, warehousing and office space.
Following the successful restoration of 25 Sheffield St., Terry and Brenda Carter purchased and restored 6 other industrial/commercial properties in Cambridge. Currently, their portfolio consists of 7 industrial/commercial buildings, totaling 607,166 sq. ft. of space, that is home to 40 businesses.