Welcome!

News Feed Item

Major Commercial Real Estate Transaction: Liberty Park Sold and Rebranded

MONTREAL, QUEBEC -- (Marketwired) -- 07/03/14 -- Trevor Blakely, President of Canstone Realty Advisors Inc, is pleased to announce the acquisition of the former Liberty Business Park in borough of Saint-Laurent, in Montreal to be renamed NEXUS 40-13 International Business Center, on behalf of institutional investors including HOOPP, Forgestone Capital and Canderel. Canderel has been appointed Property Manager to oversee the project and will be directly responsible for all operations and leasing functions.

NEXUS means the "central and most important place" which aptly defines this project. Located at the junction of Highways 40 and 13, NEXUS 40-13 is easily recognizable by its distinctive architecture and unsurpassed highway exposure and visibility. The 1.7 million sq. ft., 27-building portfolio is home to more than a dozen, high-profile, multinational tenants including Telus, Canon, Xerox, Nike, ABB, Abbott, AbbVie, Kraft, Siemens, GN Johnston, Carrier, Alstom, Johnson & Johnson, Valeant, and Shire.

Among the portfolio's many features are its unique offering of both existing office and industrial space as well as development land. Widely regarded as the gold standard of suburban business parks, Nexus 40-13 has something to offer to both large and small tenants looking for high quality space.

This significant Joint Venture investment by highly recognized and respected institutional investors signals a renewed confidence in Quebec's economy. "Canderel is proud to be at the center of this revival", said Jonathan Wener, Canderel's Chairman and CEO. "This is the premier Business Park in Montreal, not only because of the quality of the properties but also due to its strategic setting. It's location at the junction of Highways 40 and 13 offers our tenants quality accommodations with high visibility and easy access to major transportation links and Pierre Elliott Trudeau International Airport. The investment group is committed to maintaining and enhancing Nexus 40-13's stature with a variety of initiatives that will be announced in the coming months."

ABOUT HOOPP

Created in 1960, HOOPP is the pension plan of choice for Ontario's hospital and community-based healthcare sector with over 470 participating employers. HOOPP's 286,000 members and pensioners include nurses, medical technicians, food services staff and laundry workers, and many other people who work hard to provide valued Ontario healthcare services. HOOPP has more than $51.6 billion in net assets and is fully funded.

ABOUT FORGESTONE

Forgestone Capital Management is a private equity real estate venture focused on opportunistic development and income-producing properties within major markets across Canada. On behalf of its institutional and pension fund clients, Forgestone's investment objective is to achieve superior risk adjusted returns through a flexible strategy that capitalizes on opportunities through direct investment, while also leveraging its superior relationships to participate in select transactions with compatible joint venture partners.

ABOUT CANDEREL

The Canderel Group is comprised of several fully integrated, commercial real estate companies with its headquarters in Montreal and offices in Quebec City, Ottawa, Toronto, Edmonton and Vancouver. Since 1975, Canderel has grown to become one of the most successful real estate development and management organizations in Canada. The addition of NEXUS 40-13 brings the company's total management portfolio to approximately 20 million square feet in North America.

ABOUT CANSTONE

Canstone Realty Advisors Inc. is a boutique real estate advisory company representing institutional clients in acquisition and asset management services across all market sectors within Canada. Over the past 12 months, Canstone has completed in excess of $600 million of acquisitions, Joint Ventures and development projects on behalf of its clients.

Contacts:
HOOPP
Martin Biefer
Director, Public Affairs
(416) 369-8045
[email protected]

Forgestone Capital Management
Keith Jameson
Chief Operating Officer
(416) 477-8954
[email protected]

Canderel
Daniel Peritz
Senior Vice President
(514) 842-8636
[email protected]

Canstone Realty Advisors Inc.
Keith Jameson
(416) 477-8954
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Systena America will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Outscale will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...