- What A West Island industrial office complex has traded for $33m
- Why Enovum Data Centers paid Alexandria Real Estate Equities $333/sq ft
- What next The property is occupied by five tenants
Alexandria Real Estate Equities has sold an industrial office complex in Pointe-Claire, Qué., for $33m, Green Street News can reveal.
Enovum Data Centers picked up the 98,000 sq ft building for $333/sq ft. The deal closed on Dec. 27.
The four-storey building is on 4 acres at 7300 Route Transcanadienne, in central West Island. Five tenants occupy the space: Capcium and its Gelcan Corp. subsidiary, which specialize in softgel encapsulation for the pharmaceutical and wellness industries; Covidien, a medical device and supply affiliate of Medtronic; PME MTL West Island, a nonprofit organization that provides business services and financing support to local entrepreneurs; and Siemens Electric Limitée, part of Munich-based technology company Siemens’ Canadian operations.
Capcium previously owned the property. It purchased the site in 2019, paying $14.6m, and then oversaw construction of the complex by BTL Construction in 2020. Pasadena, Calif.-based Alexandria bought it in 2021.
The property is 5 km from Montréal-Pierre Elliott Trudeau International Airport and 8 km west of Highway 13.
Enovum Data Centers, which operates a Tier 3 data centre in Montréal with 4MW of capacity, has been actively expanding its presence in the region. The company builds and manages mission-critical digital infrastructure powered by renewable hydroelectricity.
