Purchase of 174 West St. S. should revitalize West Street corridor

Posted on Thursday February 11, 2016

In January 2016, Accutrac Capital purchased the 22-acre site at 174 West St. S., which includes an existing 52,000-square foot office building. This purchase is expected to re-energize the City’s West Street corridor and provides for three local knowledge-based businesses to remain in Orillia.

The property was purchased from FLSmidth, an engineering and equipment supplier for the mining and cement industries. FLSmidth will remain as a tenant in the building after the sale. McLean & Dickey Insurance, a long-time Orillia business, will also move into the building to accommodate its growth plans.

“Hats off to Councillor Ralph Cipolla and to the City’s Economic Development Office for helping to put all the pieces together and make this deal possible,” said Charles Sheppard, President of Accutrac Capital, which provides financial services for trucking companies across Canada and the United States.

Sheppard explained he had expressed to Cipolla late last year that his company had outgrown its current location at the corner of Peter and Mississaga Streets in Downtown Orillia. The Orillia Councillor connected Sheppard and his business partner Ken Judd with the Orillia Economic Development Office.

“The City provided us with a number of options to explore, connected us to the folks from McLean & Dickey and things unfolded pretty quickly from there,” said Sheppard. “We’re very thankful to the City for their help and we’re looking forward to growing in Orillia for many years to come.”

“I’d like to commend City staff and all parties involved for their efforts in bringing this development to fruition,” said Mayor Steve Clarke. “The redevelopment of this property, coupled with the City’s new recreation facility being built across the road at 255 West St. S., will help revitalize the West Street corridor. I look forward to this area looking very different in a few years’ time.”  

McLean & Dickey has outgrown their current two locations on Laclie Street, and was also working with City officials in an effort to find a larger home.

“There seemed to be a fit with the needs of all three local companies, so it made sense to try to connect the dots,” said Dan Landry, Orillia’s Economic Development Manager. “The net outcome is that three local firms will solidify themselves in Orillia, and it paves the way for the further potential development along the West Street corridor moving forward.”

Landry added the development fits in well with the long-term goals of the City’s Downtown Tomorrow Plan, which suggests anchor developments around the downtown core and near Orillia’s waterfront will help to increase development potential and residential density in the City’s core over time.

Both Accutrac and McLean & Dickey expect to add several knowledge-based jobs to their growing companies, while FLSmidth Ltd. will remain an Orillia fixture for the foreseeable future.

“Accutrac Capital is delighted with the collaborative effort with which all involved parties approached this project,” said Mr. Sheppard. “I specifically want to thank Brad Johnston, VP & GM of FLSmidth Ltd., plus Sylvain Tisi, Senior VP, Danielle Tisi, President and Mike Holenski, Senior VP Sales & Marketing of McLean & Dickey for their professional manner while arranging this deal. All of us at Accutrac Capital are excited to share the same address with two other notable Orillia businesses and look forward to working under one roof.”

McLean & Dickey officials are looking forward to moving into their new space.

“We are continuing to grow and have been searching for location options for some time and therefore we’re excited and looking forward to the move and having all our staff at one location,” said Danielle Tisi of McLean and Dickey. “There have been numerous synergies that we have been able to leverage with both Accutrac and FLSmidth Ltd. in coming together under one space, which I believe will serve us all well.”

Brad Johnston from FLSmidth agrees.

“FLSmidth’s renovations of our new offices within the building have been completed and our existing workforce of 40 employees has moved in,” said Johnston. “FLSmidth is delighted with the opportunity for the business to remain in Orillia and continue contributing to the local economy.”

Additional renovations are under way to the building, that will see McLean & Dickey and its 46 employees move in by the spring, while Accutrac and its 25 workers will follow in April.

There are no immediate plans for additional development on the site. However, staff in the City’s Economic Development Office have already been fielding inquiries.

The City of Orillia is a city of 31,000 people in the heart of Ontario’s Lake Country on the shores of Lake Couchiching and Lake Simcoe. Visit our website at orillia.ca.


Charles Sheppard
Accutrac Capital
866-531-2615 ext. 201

Dan Landry
Manager of Economic Development
City of Orillia

Jennifer Ruff
Manager of Communications
705-826-4399 (cell)