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GE Grassi Portfolio

The GE Grassi industrial portfolio consists of 930,000 SF of mixed quality industrial facilities. The properties were geographically spread out on the Montreal Island, with most properties located in the St-Laurent industrial park and along the Trans-Canada Highway, with others along Pie-IX Boulevard in Anjou.

The Challenge
To sell as a portfolio despite the diversity of the real estate, the location in different sub-markets and the need to satisfy and report to a split-ownership structure.

The Solution
Pre-marketing efforts to package and qualify information. Sold the advantage of diversified risk. Provided market information on each of the sub-markets to effectively debate and uphold values with the underwriters.

 

 

 

CB Richard Ellis Limitée
The End Result
Generated eight competitive bids, from which Alexis Nihon emerged as the most aggressive purchaser at a combined cap rate of 9.0% (8.25% for Class A assets and 10.0% for less desirable assets).
Last Modified: Wednesday, January 12, 2011
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