JLL negotiates sale of Montreal self-storage portfolio
JLL's Capital Markets experts announced the firm completed the sale of a self-storage portfolio located in Montreal, Quebec. Montreal Mini-Storage Group purchased the two-property portfolio from Dalfen American Corp.
MONTREAL, Nov. 20, 2017 – JLL's Capital Markets experts today announced the firm completed the sale of a self-storage portfolio located in Montreal, Quebec. Montreal Mini-Storage Group purchased the two-property portfolio from Dalfen American Corp.
"Strong surrounding demographics, quality construction and busy retail locations made this an attractive offering and should result in a solid investment for Montreal Mini-Storage Group," said Mellon.
The Class A properties total approximately 169,000 rentable square feet and more than 1,300 units. Both facilities include climate controlled units, move-in ready office suites, warehouse spaces, electronic access control, 24-hour video surveillance, retail-oriented customer service offices and temperature controlled loading docks.
Converted to a self-storage facility in 2006, the property at 8925 St. Laurent Blvd. is in a densely populated area with more than 546,500 people within a five kilometer radius of the asset.
The property at 2707 Dollard Ave., in the Montreal borough of LaSalle, was converted to a self-storage facility in phases between 2006 and 2009. It is prominently displayed along Dollard Avenue, which has traffic counts of more than 20,000 cars per day.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $145 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.