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Downtown Enwin Building Sold

Friday March 29th, 2019, 10:49am


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This article is 1714 days old.
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Enwin has sold their downtown office building to Tessonics Inc.

Enwin had announced in November that they were looking to sell the building and move their office employees to their other facility on Rhodes Drive.

“With fewer than 100 employees now at the Ouellette Avenue office building large parts of the building are underutilized, and the costs of maintaining unneeded office space simply could not be justified over the long-term,” said Helga Reidel, President & CEO of Enwin.

“One of our chief concerns,” she continued, “was to find the right buyer, with the right fit for our downtown. We are delighted to have found that fit with Tessonics Inc., a locally based, international technology company that is well positioned to help Windsor diversify and prosper.”

After putting it on the market, Tessonics Inc. put an offer in to purchase the property.

“During last five to six years Tessonics has paid special attention to innovation activities and R&D development. We are increasingly involved in international high-tech collaboration projects with partners that include firms from the USA, UK, France, Germany, Italy, Poland, Russia, China, South Korea, New Zealand and Japan,” said Dr. Roman Maev, President and CEO of Tessonics Inc.

“This great building, with its rich history and downtown location, is very important for us,” added Joe Udzbinac, Chief Operating Officer of Tessonics. “The opportunity to continue to grow our infrastructure and to stay in the heart of Windsor, is essential to maintaining our international status, and the continuous stream of visitors coming from the USA and abroad.”

As Tessonics continues to grow its R&D sector, it is adding young talented specialists from local educational institutions like the University of Windsor, St. Clair College, and other global institutions, resulting in an impressive, multicultural, professional team. It has also made two significant investments in local Windsor start-up companies: True Phantom Solutions Inc., which is internationally recognized and a self-sufficient company, and ONtech Rapid Coatings Inc., in partnership with ENWIN Energy Ltd.

Udzbinac says the size and infrastructure of the Ouellette Avenue building will allow Tessonics to house additional personnel for new projects and continue its growth well into the future.

“Overall, this is the best possible outcome,” said Reidel. “We are excited about continuing to find ways to provide better service and reduce costs, and Tessonics is excited about expanding its business in our downtown.”

The preparation of the Rhodes Drive location and relocation of ENWIN employees is expected to take some time to complete. The company expects the move will not happen before 2020, assuming timely completion of all stages.

“We are taking this one step at a time,” said Reidel. “Now that we have secured the right buyer, we will begin the process of planning for the relocation to Rhodes Drive.”

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