- What 1555 Rue Carrie-Derick sold for $10.8m
- Why JLL brokered the deal
- What next The building spans 82,000 sq ft over two floors
Tidan has acquired a vacant two-storey Montréal office building for $10.8m, Green Street News can reveal.
Cominar sold the property, at 1555 Rue Carrie-Derick, in a deal brokered by JLL. The transaction closed on April 30.
The 23m-tall building, constructed in 2005 and recently renovated, totals 82,000 sq ft across two 41,000 sq ft floorplates. The building has 12 ft ceiling heights and an elevator.
On 219,000 sq ft of land in the Pointe-Saint-Charles industrial park, the site has 225 parking spaces.
The property is a kilometre from the Victoria Bridge and less than 3km from downtown Montréal.
Two similarly sized office buildings have traded in Montréal since the beginning of the year, according to Green Street’s Sales Comps Database. In March, Mesdav Properties picked up 6055 Chemin de la Côte-des-Neiges from Canadian Apartment Properties REIT for $10.5m. And in January, a suburban midrise office at 9900 Boulevard Cavendish traded for $7m to an unknown buyer.
Tidan is a Montréal-based owner-operator with a diversified portfolio of real estate and hospitality assets across North America.
Cominar is a major institutional landlord in Québec with office, retail and industrial assets.
