- What Les Colonnades Pointe-Claire strip centre is on the block
- Why The property is 94% leased with an average remaining lease term of 6.8 years
- What Next CBRE has the marketing assignment
BGO is aiming to sell a mixed-use property in Montréal’s West Island for $21m, Green Street News can reveal.
Les Colonnades Pointe-Claire, at 940-950 and 315-317 Saint-Jean Boulevard, is a 92,000 sq ft strip centre with retail and office space. The valuation works out to $228/sq ft. CBRE has the marketing assignment.
The property is 94% leased, with a weighted average lease term of 6.8 years.
The 54,000 sq ft retail portion comprises 17 units. Tenants include Centre Visuel Optika, Coin des Coureurs, International Currency Exchange, Moe’s Bar & Grill, Multi Luminaire, Prohibition, Scarolie’s Pasta Emporium, Shop Santé, Solomos cafe, and Vacances SellOff.
The three-story office component at the south end of the plaza spans 38,000 sq ft and is largely tenanted by medical offices. TD Canada Trust and Orangetheory Fitness occupy the ground floor.
Built in 1988, the plaza, on 6 acres, has 383 exterior parking spots and 27 interior spots.
The property occupies a premium corner location in the West Island city center, directly across from Fairview Pointe-Claire mall. It is also near the central West Island STM bus station, which faces a new REM station, providing access to a central transit hub.
