- What MTRPL bought 4446 Saint-Laurent Boulevard for $18.75m
- Why Allied Properties REIT sold the property on Sept. 26
- What next The property is near parks, schools and public transit
MTRPL has acquired an office and retail tower in Montréal for $18.75m, Green Street News can reveal.
Allied Properties REIT was the seller. The price for the 80,000 sq ft building at 4446 Saint-Laurent Boulevard, in the city’s Mile End node, works out to $234/sq ft. The deal closed on Sept. 26.
The nine-storey property was built in 1915 and renovated in 1989. Nearly 73,000 sq ft is office space, with the remainder ground-floor retail space.
The property is two blocks from Montréal’s popular Mount Royal Park and 650 m from the Mont-Royal subway station. Université de Montréal is about 3 km southwest.
Based in Montréal, MTRPL targets retail-centric mixed-use urban properties.
