Overview on current supplies, absorption rates, significant transactions for office spaces in Metro Vancouver.
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NAI Commercial Negotiates a 10-Year Lease with IFCO Systems Canada Limited in Saint-Hubert on the South Shore of Montreal
NAI Commercial, member of the world’s premier managed network of commercial real estate firms, represented by the Poitras Team, is proud to announce the lease of an industrial space at 5400, Armand-Frappier Street in Saint-Hubert, for a long term lease. The Poitras Team represented the landlord, Groupe Immobilier Foodarom Inc. The lease is valued at over $1.5 million dollars.
In Febuary 2015, NAI Commercial concluded the sale of the 60,000 SF building to Groupe Immobilier Foodarom Inc., and received the mandate to rent the excess part of the building. This is the fourth transaction realized by Team Poitras with Foodarom Inc.
Feel free to contact Paul-Éric Poitras or Gabrielle Saine at 514-866-3333 for more information
NAI Commercial, member of the world’s premier managed network of commercial real estate firms, represented by Manon Huppé, is proud to announce the sale of a 506,000 ft² lot, located at 3005 Taschereau in La Prairie. Alain Giroux Transport, in the context of a second mandate with Ms. Huppé, has acquired the lot for the amount of $3.5 million; this transaction was spread out over the course of 16 months due to the complexity of the project.
Feel free to contact Manon Huppé at 514-866-3333 for more information.
NAI Commercial Vancouver Office, represented by Terry Harding, Jackson Tang and Brandon Harding, is proud to announce the sale of a 53 units apartment building in the prestige Kitsilano area on 1929 West 3rd Ave, Vancouver for $19,800,000.
The apartment building is centrally located for direct access into downtown via Granville and Oak Street arterial routes. Walking distance to offices on Broadway, shops on Granville Street and Vancouver General Hospital with a 94 walk score. Many capital improvements have been done including: roof, windows, hallway paint & carpet, modernized elevator and new intercom.
For details, please contact Don MacDonald or Chris Langhaug at 604-534-7974.
Q1 saw an interesting development in the office market: Ivanhoe Cambridge closed the deal to sell its interest in Bentall 1, 2, 3 and 4 to the Anbang Insurance Group of Beijing. The price tag: more than $1 billion. And Royal Centre, 1055 West Georgia Street, traded from Brookfield Asset management to Klaus Michael Kuehne, a German billionaire, for a reported $285,000,000 or $725 per square foot.
Pleasant Valley Landing is surrounded by many Big Box retailers and features excellent exposure with plenty of parking and direct access to both the Nanaimo Parkway and the Island Highway.
Cobbs Bakery is a current tenant and nearby retail/services include; Home Depot, Superstore, HSBC, CIBC, RBC, Staples, Costco, and Woodgrove Mall. >>VIEW DETAILS
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