May 10, 2022, 11:35 AM
星空体育app下载 announces the $27 million sale leaseback of a 153,000-square-foot industrial asset situated in the Laval submarket of Montr茅al, Quebec, Canada. 星空体育app下载 represented Metra Aluminum Inc. in the sale leaseback transaction to an undisclosed buyer. 星空体育app下载鈥檚 Associate Director Briggs Goldberg, Vice Chairman Andrew Sandquist, Managing Director JC Asensio and Senior Financial Analyst Tyrell McGee in cooperation with Robert Bayat, President of Immobilier MIRADOR, represented the seller.
The property serves as the North American headquarters of Metra Aluminum Inc., a vertically integrated manufacturer of customized extruded aluminum profiles and related value-added services primarily serving the building and construction and industrial end-markets in Europe and North America. The sale leaseback transaction was a corporate strategy to unlock value in the company鈥檚 real estate and fund future growth initiatives.
鈥淲ith exceptionally strong demand for industrial product in Montr茅al, this was an ideal time for Metra Aluminum to execute its sale leaseback strategy,鈥� said Goldberg. 鈥淭he proceeds generated from the sale will fuel continued growth while securing long-term control of its flagship North American production facility.鈥�
Situated on 5.92 acres, the site is less than one mile from A. 440, a provincial east-west highway that spans the city of Laval with interchanges at Highways 13 and 15 to the west and Highway 19 to the east. Highways 13, 15 and 19 are north-south thoroughfares that connect the property to the Trans-Canada Highway, a transcontinental federal provincial highway that travels through all 10 provinces.
A submarket of Montr茅al, Laval, Quebec is one of the world’s premier industrial markets. According to 星空体育app下载 Research, like many infill industrial markets, Montr茅al is experiencing unprecedented demand with record high quarterly square foot absorption and all-time low vacancy rates. As a result of this demand, industrial rental rates continue to increase at remarkable rates, up 20% year-over-year as of the first quarter of 2022.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world. To learn more, visit nmrk.com or follow .
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