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Quebec  + Office  |  May 23, 2024
CBRE is marketing a large mixed-use office portfolio for sale in downtown Montreal.
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By: Monte Stewart

Prime Properties Acquires Downtown Montreal Office Portfolio

Prime Properties has acquired a large mixed-use office portfolio in downtown Montreal.

Scott Speirs, a CBRE vice-chairman based in Montreal, announced the deal on LinkedIn. CBRE marketed the portfolio and organized an auction.

The portfolio spans 92,880 square feet near the city’s entertainment district. The office and retail assets are situated at 2045 and 2065-2121 Crescent Street and 2060 and 2070-2130 De la Montagne Street.

“The properties feature prime retail on the ground level accompanied by boutique office on the upper floors,” Scott Speirs, a CBRE vice-chairman based in Montreal, wrote in a previously LinkedIn post.

Mixed-use zoning allows for residential conversion on upper floors, unlocking material value enhancement potential, he added.

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Inside The Story

Scott SpeirsPrime Properties

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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