Archive for November, 2011
The sales team is proud to announce the launch of a new commercial and office development project in Laval. Two buildings of two stories each, an area of 64,800 square feet, will be built on the lot at the corner of Curé-Labelle Boulevard and Louis-B.-Mayer Street. This project will house a private medical clinic, as
well as several complimentary tenants. The development aims at creating a harmonious balance between offices for professionals and retail businesses. Square footage is still available. For further information, please contact Richard Sauvé, SIOR at tel:(514)866-3333. More >
According to Ted Parcel, Senior Vice President of NAI Global Corporate Services, the answer is yes and no. Space measurement does not matter in cases where there is annual or monthly rent defined in the contract in terms of absolute dollars and there is no pass throughs of common area expenses to the tenants. In most other cases size matters and here is why.
Many contracts provide for a rental rate on a dollar per square foot basis. The basis may be rentable, gross, or usable and there are a number of alternative space measurement standards. In these cases, the rent is multiplied by the area of the demised premises so an incorrect rental rate can lead to a discrepancy between what is actually being rented and the amount of the rent. More >
Doug O’Neill of NAI Commercial – Vancouver has sold an industrial building on 3210 Lake City Way, Burnaby, BC with 32,000 sf buildng size on 1.4 acre lot. The transaction value was $5,100,000.
Rick Lui of NAI Commercial – Vancouver arranged the $5,688,000 sale of 1.5 acre industrial land on 8451 Bridgeport Road, Richmond, BC
Hebdraulique Inc. granted Daniel Coulombe, chartered real estate broker – Commercial, the mandate to sell its property.
Having recently acquired a larger building to house its head office, Hebdraulique Inc. was now ready to sell its property at 6775-6781 Bombardier Street in Saint-Léonard, Quebec. Located at the corner of Pascal-Gagnon Street, the 8,400-square foot building sits on a partially fenced lot of 18 921 square feet and includes 24 parking spaces, a store counter and excellent visibility.
The other party, BBP Energies, a company specializing in automatic control systems for schools and municipal, government, industrial and commercial buildings, was looking for a property with industrial and commercial zoning that also had the increased visibility afforded by a busy street.
As all the required criteria were met, the transaction was finalized to the satisfaction of both parties. More >