- What The portfolio totals 315,000 sq ft
- Why The properties are close to major transportation routes
- What’s next The deal is part of the venture’s small-bay strategy
Epic Investment Services and Woodbourne Capital Management have bought an industrial portfolio in Montreal’s Saint-Laurent borough.
The seven properties total 315,000 sq ft and are 95% occupied. The venture acquired the portfolio from KingSett Capital for $66.5m, Real Estate News Exchange reported. CBRE brokered the deal.
The deal marks the fifth purchase the partners have made over the past three years as they pursue a small-bay industrial strategy. Their investments total 1.5m sq ft in London, Ottawa, Vaughn and Montreal.
The purchased properties are within a premier industrial node and are close to major highways, connecting them to the Greater Montreal Area.
According to RENX, the properties are at: 1050-1070, 1100-1240, 1248-1360 and1420-1490 Rue Beaulac; 3405-3479 and 4000-4036 boulevard Cote Vertu Ouest; and 7451-7499 Trans-Canada Highway. They range from 15,000 sq ft to 65,000 sq ft.
KingSett bought the portfolio in Q4 2020, RENX reported. CBRE brokered that deal.
