YEAR IN REVIEWf.tlcollect.com/fr2/417/52595/NIT_2016_YTD... · NATIONAL INVESTMENT TEAM CBRE’s...
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YEAR IN REVIEWNational Investment Team - Montréal
MONTRÉALNATIONAL INVESTMENT TEAM
CBRE’s National Investment Team – Montréal was retained on an exclusive basis to arrange the sale of a flagship retail asset located on one of North America’s premier high-street shopping destinations. 777 Sainte-Catherine Street West is comprised of 25,384 sq. ft. of world-class quality retail and boutique office space. Nearly 20,000 sq. ft. is leased to Banana Republic on three (3) levels of selling area plus one (1) level of stockroom/administration.
Situated at the intersection of the world-renowned Sainte-Catherine Street West and McGill College Avenue in the epicenter of the downtown core and just south of the McGill University campus, the Propterty offers tremendous architectural appeal in a highly strategic location directly adjacent to The Gap’s flagship store.
The National Investment Team – Montréal was able to leverage CBRE’s international platform to generate considerable foreign purchaser interest. On September 19, 2016, with the collaboration of CBRE Spain, the Property was sold to a foreign purchaser for $41,800,000 ($1,647 per sq. ft.).
777 SAINTE-CATHERINE STREET WEST, DOWTOWN MONTRÉAL
Type: High Street Retail FlagshipPrice: $41,800,000Property Size: 25,384 sq. ft.
Per sq. ft.: $1,647Vendor: 4382048 Canada Inc.Purchaser: Pontegadea Canada Inc.
FEATURED RETAIL PROPERTY
MONTRÉALNATIONAL INVESTMENT TEAM
CBRE’s National Investment Team – Montréal was retained as the vendor representative on the partnership buyout of Scotia Tower. The sale includes a 50% interest in the 28-story office tower and a 100% interest in the land. Using its real-time leasing knowledge and relevant track record of investment sales, the National Investment Team – Montréal provided requisite advisory to conclude the transaction.
This trophy office tower totals approximately 365,715 sq. ft. including an underground retail concourse, which is connected to the city’s underground pedestrian network and the Peel metro station. Built in 1990, this iconic building faces McGill University and is renowned for its postmodern architectural style with granite and glass facades. The property is nearly 50% leased to The Bank of Nova Scotia.
1002 SHERBROOKE STREET WEST, DOWNTOWN MONTRÉAL
Type: ClassAOfficeAssetPrice: $78,999,500Property Size: 365,715 sq. ft.
Per sq. ft.: $350*Vendor: Scotia Realty LimitedPurchaser: Monit Investments Inc.
FEATURED OFFICE PROPERTY MONTRÉALNATIONAL INVESTMENT TEAM
CBRE’s National Investment Team – Montréal was retained as the exclusive advisor on the sale of an investment grade distribution center in the east end of Montréal. This new-generation asset is fully occupied by The Brick on a long-term lease and features best-in-class specifications including 40 foot ceiling heights, excellent column spacing, deep truck maneuvering radius and 70 truck-level loading docks. The property comprises 274,579 sq. ft. of warehouse space, 15,600 sq. ft. of office space and 20,000 sq. ft. of unfinished mezzanine space.
The property is strategically located just off Autoroute 40 providing excellent visibility and corporate signage. Autoroute 40 provides direct connectivity to Autoroute 25, a key connector towards Laval, the North Shore and the South Shore. 10001 Métropolitain East occupies a strategic land position comprised of 28.5 acres (1,241,460 sq. ft.) with ample excess land for exterior storage and/or for future building expansion. As such, this combination of attributes resulted in premium pricing of $37.5 million ($121 per sq. ft.).
10001 MÉTROPOLITAIN BOULEVARD EAST, MONTRÉAL-EAST
Type: Industrial AssetPrice: $37,500,000Property Size: 310,179 sq. ft.
Per sq. ft.: $121Vendor: Whiterock 10001 Metropolitain Boulevard East Montreal Inc.Purchaser: Crestpoint 10001 Metropolitain Boul. East Inc.
FEATURED INDUSTRIAL PROPERTY
*Sale includes 50% interest in the building and 100% interest in the land valued at $30M
YEAR IN REVIEW 2016 MONTRÉALNATIONAL INVESTMENT TEAM
Type: Office AssetProperty Size: 195,822 sq. ft.Vendor: 4003195 Canada Inc.Status: Under Contract
1155 ROBERT-BOURASSA BOULEVARDDowntown Montréal, QC
CYRILLE-DUQUET STREETQuébec
Type: Land DevelopmentProperty Size: 151,300 sq. ft.Vendor: Commercial Properties LimitedStatus: Marketing
1991 SAINT-MARTIN BOULEVARD OUESTLaval
Type: Redevelopment OpportunityProperty Size: 77,052 sq. ft. of landVendor: Le 1991 St-Martin Ouest Inc.Status: Marketing
2380-2420 RENÉ-LÉVESQUE BOULEVARDSaguenay (Borough of Jonquière)
Type: Retail Power CenterProperty Size: 170,178 sq. ft.Vendor: Saguenay Centre Developments Ltd.Status: Marketing
3885 HARVEY BOULEVARDSaguenay (Borough of Jonquière)
Type: Class B Office AssetProperty Size: 67,356 sq. ft.Vendor: 4423631 Canada Inc.Status: Marketing
4000-4520 DES RÉCOLLETS BOULEVARDTrois-Rivières
Type: Regional Shopping CenterProperty Size: 489,043 sq. ft.Vendor: Bayfield Realty Advisors Inc.Status: Under Contract
4000 F.-X. TESSIER STREETVaudreuil-Dorion
22000-22200 TRANS-CANADA HIGHWAYBaie d’Urfé
32nd Avenue
Onésime-Gagnon Street
Louis-A.-Amos Street
YEAR IN REVIEW 2016 MONTRÉALNATIONAL INVESTMENT TEAM
SUN LIFE LACHINE PORTFOLIOMontréal (Borough of Lachine)
Type: Industrial AssetPrice: $9,150,000Property Size: 308,445 sq. ft.Per sq. ft.: $30Vendor: ConfidentialPurchaser: Olymbec Development Inc.Date Sold: February 2016
Type: Industrial Asset (Vacant)Price: $6,100,000Property Size: 73,560 sq. ft.Per sq. ft.: $83Vendor: 6174890 Canada Inc. (Fastco Inc.)Purchaser: Chemvest HoldingsDate Sold: June 2016
Type: Industrial PortfolioPrice: $16,900,000Portfolio Size: 297,850 sq. ft.Per sq. ft.: $57Vendor: Sun Life Assurance Company of CanadaPurchaser: GPM (13) GP Inc.Date Sold: June 2016
5000 BUCHAN STREETMontréal (Borough of CDN-NDG)
Type: Midtown Class B AssetProperty Size: 99,102 sq. ft.Vendor: 9293-2920 Québec Inc. Status: Firm
PLACE CÔTE-DE-LIESSE PORTFOLIOMontréal (Borough of Saint-Laurent)
Type: Office/Industrial PortfolioPrice: Available upon requestPortfolio Size: 383,290 sq. ft.Per sq. ft.: Available upon requestVendor: PCDL (St-Laurent Portfolio) GP Inc.Purchaser: Gestion Multi-Services 2003 Inc.Date Sold: September 2016
Type: Midtown Class A AssetPrice: $16,500,000Property Size: 164,774 sq. ft.Per sq. ft.: $100Vendor: BGV II Office Montreal Inc.Purchaser: Groupe Mach Acquisition Inc.Date Sold: December 2016
16 PLACE DU COMMERCEMontréal (Borough of Verdun)
510-560 ORLY AVENUEDorval
Type: Industrial AssetPrice: $6,800,000Property Size: 121,361 sq. ft.Per sq. ft.: $56Vendor: Canadian Property Holdings Inc.Purchaser: Rosedale Transport LimitedDate Sold: December 2016
2555 DUTRISAC STREETVaudreuil-Dorion
Type: Redevelopment OpportunityProperty Size: 239,630 sq. ft.Vendor: The Manufacturers Life Insurance Company Status: Under Contract
1900-1950 SHERBROOKE STREET WESTDowntown Montréal
Type: Downtown Class B AssetProperty Size: 39,505 sq. ft. of landVendor: Sherbrooke/St.-Marc Development Inc.Status: Under Contract
CORPORATE HEAD OFFICE/INDUSTRIAL PROPERTYMontréal
Type: Office/Industrial AssetProperty Size: ~500,000 sq. ft.Date Sold: December 2016
Please contact us for more details about this transaction.
Brian Ker, CCIMSenior Vice PresidentReal Estate BrokerT 514 905 [email protected]
Serge DuvalSenior Vice PresidentReal Estate BrokerT 514 849 [email protected]
Robert Metcalfe, É.A.Vice PresidentCertified Real Estate BrokerT 514 849 [email protected]
Eugenia OlshevskayaMarketing CoordinatorT 514 375 2506 [email protected]
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Adam MedeirosFinancial AnalystCommercial Real Estate BrokerT 514 849 0469 [email protected]
Mathieu GoudreauFinancial AnalystT 514 375 0459 [email protected]