Montreal, Quebec, Canada

TRANSACTION TYPE & DETAILS Date: August 2023 Transaction Type: Lease Property Type: Industrial Size: 602,102 sq. ft. Sale Price: $55,911,191.72 CAD

In October of 2021, the client reached out to Lloyd Copper Executive Vice Chairman and Paul Fredette Senior Vice President in Montreal to provide support in identifying and locating a 3PL company to accommodate a short-term solution to warehouse and handle local product manufactured in Montreal. As the file advanced, the request changed, and the focus was turned to providing a +/- 600,000 square foot distribution center to house both the hot and cold beverages for the client in the Greater Montreal Area.

Three sites were identified and ultimately the transaction was finalized with Jean-Marc Dubé, Executive Vice-President, Colliers International in Montreal, who represented a local developer, Oleadev Real Estate Group. Despite tight market conditions, all parties collaborated to provide favorable conditions for all parties involved.

Client Objectives:

• Tenant was looing for 3PL services on short-term basis.
  
• Tenant’s requirements changed to house more product.
  
• The landlord’s objectives were accomplished by maximizing his site with a single tenant.

Transaction Profile:

Solution:

The relationship with Fredette, Cooper and Dube allowed for the communication to flow freely and accelerate the actual requirement. They provided a site option in which the landlord accepted to expand the building to deliver a large single tenant building as part of their spec plan.

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PARTICIPANTS & INFORMATION PROVIDED BY

• Paul Fredette, SIOR
• Lloyd P. Cooper, SIOR
• Jean-Marc Dube