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Temperature-Controlled Distribution Center

By: SIOR Report

Montreal, Quebec, Canada

TRANSACTION TYPE & DETAILS

Transaction Date: January 2024

Transaction Type: Sale

Property Type: Industrial

Size: 375,000 sq. ft.

Price: $72,000,000

Client Objectives:
  • The initial request was to find a parcel of land big enough for purchase with industrial zoning for the construction of a 400,000-square-foot distribution center. XTL Distribution was in the market to increase its footprint in the Montreal Market to accommodate its current clients and new business.
  • The main objective was to own a building that can provide temperature-controlled space for specific clients.
Transaction Profile:
  • This building will provide temperature-controlled space, heavy duty dock plates, trailer restraints, concrete trucking yard with trailer parking, truck scale, fully fenced-in with controlled gate, C-TPAT certified.
  • The building will have a clear height of 40 feet, equipped with ESFR sprinklers.
Challenges

The only challenge was to find a parcel of land large enough and zoned to allow the construction of a 400,000-square-foot distribution center. Industrial land in the Montreal Market is very rare, and when available, zoning is always a major issue as most municipalities are looking for manufacturing and technology-based companies.

Notable Accomplishments
  • This project provides visibility to XTL Distribution, as a major player in the 3PL business in the Montreal Market.
  • in Quebec, will provide extra space for XTL’s current customers and allow more space for new business.

PARTICIPANT & INFORMATION PROVIDED BY



 

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The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®  is the leading global professional office and industrial real estate association.  SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.