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
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...