Space in Palmerston's 55-acre industrial park is sold out.
At Tuesday's meeting, Minto council approved the sale of what the town's chief building official called the park's "last remaining" available parcel.
The buyer is Golden Canadian Homes, an Orangeville-based real estate developer that plans to build an industrial mall on the 3.6 acre property.
The building is proposed to be between 23,000 to 60,000 sq. ft. in size and host multiple tenants.
Construction is planned to start in March of 2022 and finish by the end of the year.
The sale price for the land is $126,000. Depending on how successful the development is, the Town of Minto could make between $91,310 to $238,200 in development charges, a town report says.
Alison Sandstrom, Local Journalism Initiative Reporter, GuelphToday.com