- Property size 459,628 ft2
400 Avenue Sainte-Croix - office for sale
Jones Lang LaSalle Real Estate Services, Inc. (“JLL Canada”), on behalf of Provigo Distributions Inc. & Propriétes Provigo Limitée (the ‘‘Vendor’’), is pleased to offer for sale a 100% ownership interest in an exceptional office property located at 400, Sainte-Croix, in Saint-Laurent, Montréal, Québec (the “Property”).
The Property is located in Saint-Laurent, which is widely recognized as one of the primary economic engines of the Province of Québec. It is Montréal’s second largest employment market, and a leader in the aerospace, life sciences and technology industries.
The building has a total built area of 459,628 SF. Gross leasable area represents 282,644 SF of office, which is presently occupied by quality tenants, such as Loblaws/Provigo, Voyages Vision 2000, IBWave Solutions Inc. and FLS Transportation Services Ltd. In addition to a strong 7.6-year WALT, the Property presents an important value-add opportunity, as approximately 125,000 SF will become available for leasing by year-end.
The office building was completed in 2000 to a very high technical standard, with ample amenities including 2 atriums, an auditorium, a gym and cafeteria with outdoor seating areas. Parking is abundant and includes 2 levels of interior parking, featuring just over 800 combined interior and exterior parking stalls, with a ratio of 3.5/1,000 SF.
Located on Sainte-Croix, just north of Highway 40, close to Highway 15, the Property benefits from outstanding accessibility to the GMA’s highway network. The Du Collège metro station is located less than 600m from the Property. Travel times to the Pierre-Elliot Trudeau International Airport and Downtown Montréal are 10 and 20 minutes respectively.
The Sale of the Property represents a unique opportunity to acquire a high-quality office asset, with a great added value potential, in the heart of Saint-Laurent.
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