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YEAR IN REVIEW National Investment Team - Montréal

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Page 1: YEAR IN REVIEWf.tlcollect.com/fr2/417/52595/NIT_2016_YTD... · NATIONAL INVESTMENT TEAM CBRE’s National Investment Team – Montréal was retained as the vendor representative on

YEAR IN REVIEWNational Investment Team - Montréal

Page 2: YEAR IN REVIEWf.tlcollect.com/fr2/417/52595/NIT_2016_YTD... · NATIONAL INVESTMENT TEAM CBRE’s National Investment Team – Montréal was retained as the vendor representative on

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

Page 3: YEAR IN REVIEWf.tlcollect.com/fr2/417/52595/NIT_2016_YTD... · NATIONAL INVESTMENT TEAM CBRE’s National Investment Team – Montréal was retained as the vendor representative on

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

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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.

Page 5: YEAR IN REVIEWf.tlcollect.com/fr2/417/52595/NIT_2016_YTD... · NATIONAL INVESTMENT TEAM CBRE’s National Investment Team – Montréal was retained as the vendor representative on

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]

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth

CBRE Limitée, 1250 René-Lévesque Boulevard West, Suite 2800, Montréal, Québec H3B 4W8 www.cbre.ca

Adam MedeirosFinancial AnalystCommercial Real Estate BrokerT 514 849 0469 [email protected]

Mathieu GoudreauFinancial AnalystT 514 375 0459 [email protected]