Orlando Corp. to Get 4.5% of Summit Income

One of Toronto's largest industrial landlords has struck a deal to acquire a minor stake in a publicly-traded real estate investment trust. Mississauga-based Orlando Corp, which owns and manages 12 business parks that total more than 3,000 acres, is selling a $37 million property with development potential at 2485 Surveyor Rd. in Mississauga to Summit Industrial Income REIT that will eventually see it get a 4.5 percent stake in the public vehicle...