CCH C2C Industrial Properties

C2C Industrial Properties Inc. ("C2C" or the "Company") (TSX VENTURE:CCH)
announced today that it has completed the acquisition of a property containing
two well-maintained light industrial buildings aggregating approximately 82,000
square feet of gross leaseable area ("GLA") in Brampton, Ontario close to major
highways and Pearson International Airport. The two buildings are 100% leased.
The Company paid approximately $8.8 million for the property, including all due
diligence and closing costs, satisfied by a new $5.25 million five-year mortgage
bearing an interest rate of 3.75%, the issuance of 100,000 common shares of the
Company to the vendor at a deemed value of $5.00 per share, equal to $0.5
million, with the balance in cash. The property was acquired at a going-in
capitalization rate of approximately 7.5%. 


Of the 100,000 common shares of the Company issued to the vendor, 20,000 were
delivered on closing and the remaining 80,000 were delivered to an escrow agent
to be held as security for the performance of the tenant of one of the
buildings. The escrowed shares, subject to the security arrangements, will be
released to the vendor on the basis of 1/4 of the shares on the first
anniversary of the closing date, and the remaining 3/4 of the shares
approximately 5 years from closing. These common shares will be subject to a
four month hold period expiring March 3, 2013, in accordance with the policies
of the TSX Venture Exchange Inc. 


"We are pleased to be purchasing this property and enhancing our presence in the
strong and growing Greater Toronto Area market," commented Chris Ross,
President. "The transaction fits very well with our focus on a three-part
strategic growth plan: to acquire properties with high initial capitalization
rates, or purchases where we believe we can add incremental value over time
through our active asset and property management programs or our proven
development and re-development expertise." 


About C2C Industrial Properties Inc. 

C2C is a real estate investment corporation specializing in the acquisition,
ownership and operation of light industrial properties across Canada. C2C
currently owns 22 industrial properties totalling approximately 2.0 million
square feet of gross leaseable area. More information about C2C (TSX
VENTURE:CCH) is available at www.c2cip.com.


Forward Looking Statements 

This document contains forward-looking statements relating to C2C and the
industry in which it operates and its strategy, action plans and investments,
which may involve estimates, forecasts and projections. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict and/or are beyond C2C's control. Consequently, readers
should not place any undue reliance on such forward-looking statements. These
forward-looking statements are made as of the date of this press release. C2C is
under no obligation to update any forward-looking statements contained herein
should material facts change due to new information, future events or other
factors, unless otherwise required to do so by applicable law. All
forward-looking statements attributable to C2C are expressly qualified by these
cautionary statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
C2C Industrial Properties Inc.
Christopher Ross
President
(416) 646-7353
cross@c2cip.com
www.c2cip.com

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