Triovest Acquires One of the Largest Fully Serviced Industrial Development Sites in Greater Montreal
Triovest is pleased to announce the acquisition of an industrial development site in an established industrial park in suburban Montreal. The fully-serviced land is approximately 69 acres with the potential to accommodate approximately 1.3 million square feet of industrial space. The site is one of the largest fully-serviced development sites in the Greater Montreal Area with extraordinary development and leasing opportunities.
The site is conveniently located at the intersection of Highways 20 & 40 and the newly constructed Highway 30 with direct access to the Montreal and South Shore submarkets. Vaudreuil-Dorion is a key logistic hub with excellent access to Toronto, Ottawa, Montreal and the United States. The site also has convenient access to the Trudeau Airport.
Triovest will act as Asset and Property Manager on behalf of the Hydro Quebec Pension Fund, Balboa Land Investments Inc. and Broccolini. Broccolini, with Triovest will manage the development and leasing of the site.
This represents an important and strategic acquisition for Triovest as this will be the first purchase made by Triovest on behalf of all three owners as well as establishing a significant industrial presence in the Montreal market.