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Quebec  + Ontario  + Industrial  | 
Rosefellow Developments completed four large transactions in Montreal's industrial market during the first quarter, according to JLL.

Skyline Industrial Acquires Two Montreal Assets

Skyline Industrial REIT has purchased two newly constructed assets in the Montreal area.

The REIT gained 100% ownership of both properties after acquiring all partner interests from a fund managed by its development partner Rosefellow Developments. (The fund is known as Rosefellow Fund 1.)

Together, the assets total 373,360 square feet of purpose-built industrial space.

One asset comprises a multi-tenant logistics centre and warehouse at 555 and 565 Avenue Victor Davis in Pointe Claire, Que. The 274,000-square-foot building is 100% leased to Steve Madden and Dormez-Vous (Sleep Country Canada.)

The development was a joint venture partnership project between Skyline and F.I.T. Ventures and Rosefellow. Construction was completed in late September.

The other acquisition comprises a single-tenant industrial logistics and warehousing facility located at 6100 Rue Notre-Dame Est (Notre Dame Street East) in Montreal. Completed in 2023, the building totals 98,954 sf and is leased to Proactive Supply Chain Group.

Following the acquisitions, Guelph, Ont.-based Skyline holds 51 properties comprising about 10 million sf in five provinces.


Inside The Story

Skyline Industrial REITSkyline Group of Companies

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.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
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