Archive for May, 2012
NAI Commercial has a booth at the 2012 International Council of Shopping Centres’ (ICSC) Montreal Conference in Quebec, to display and promote our commercial property listings. The event will be held at The Westin Montreal. Please drop by our booth.
NAI Commercial has invested considerably to ensure optimal visibility for the company and its local, national and international clients. The conference is an excellent platform to meet with brokers and retailers present throughout the event, to gain insight on new or existing real estate projects, and to promote business growth and development.
The investment opportunity consisted of a 59,640-square-foot building built in two phases (1988 and 2006) on a lot of 121,753 square feet. The property is fully occupied by Les Systèmes de Distribution Coast (Canada) Inc., a company registered on the New York Stock Exchange.
Société Immobilière IMSO, a Quebec company, acquired the building for $3,200,000 or $53,66 per square foot. The sale was concluded at an OCR of 9.5%.
NAI Commercial is pleased to announce the sale of a building belonging to Les Industries de la Rive-Sud Ltée, located at 326 Tanguay Street in Laurierville, south of Quebec City. Alain Côté, real estate broker – commercial, successfully concluded the sale of the 234,142-square-foot building on a lot of 651,137 square feet for the sum of $2,400,000 to the Fédération des producteurs agricoles du Québec. More >
Aleem Thaver of NAI Commercial Vancouver – has sold a 4.8 acre development site on 19820 – 88th Ave , Langley, British Columbia. The transaction value was $3,700,000.