- What A 153,000 sq ft industrial property in Kirkland, Qué., is for sale with $36m guidance
- Why The Layher family from Germany is offloading multiple Québec assets
- What next The site offers expansion potential and access to major transportation corridors
A 153,000 sq ft warehouse in Kirkland, Qué., has come to market with a guidance price of $36m, Green Street News can reveal.
The valuation works out to $236/sq ft. JLL is marketing the property, at 17400 Autoroute Transcanadienne, on behalf of the Layher family.
At that price, this would be second-largest industrial sale of 2025, according to Green Street’s Sales Comps Database. The largest sale involved an industrial complex 13km away, at 10325 and 10345 Avenue Ryan in Dorval, which traded for $61.5m.
Built in 1975 and renovated in 1984, the Kirkland facility sits on 415,000 sq ft of land and includes over 24,000 sq ft of office space – 16% of the total area.
Zoning allows for an additional 45,000 sq ft industrial property to be built. The site is leased until November 2025. It has 27 ft clear heights, 10 dock doors, a 10-ton crane and a single drive-in door.
Kirkland is a suburban town on the Island on Montréal. The property is 9km from Montréal-Trudeau International Airport and 26km from the Old Port of Montréal shipping docks.
The Layher family owns Wilhelm Layher GmbH & Co. KG, one of Germany’s largest privately held manufacturing companies. Founded in 1945 by Wilhelm Layher, the company has grown into the world’s leading manufacturer of scaffolding systems, with operations in over 80 countries and with more than 1,900 employees globally.
The family is looking to divest from two other properties in Québec: a 254-unit apartment tower in Montréal’s Notre-Dame-de-Grâce neighbourhood for $65m and a 60-unit apartment complex in Montréal’s Côte-des-Neiges district for $13m.