Searching for Space in a Saturated Industrial Market
It was through door-to-door prospecting that Étienne Marcoux, an associate advisor with Montreal’s industrial practice group, connected with his client, Dhollandia. Founded in 1968 with over 50 years of experience in the tail lift business, Dhollandia was looking for industrial space in the already saturated Vancouver real estate market.
Partnering for Success
Leveraging Colliers’ national coverage and researching the ideal advisor from British Columbia with whom to collaborate, Étienne connected with Stefan Morissette, an industrial real estate expert in the Colliers Vancouver office who stood out because of his prominent social media presence.
Finding the Ideal Solution
Following extensive market research to find the most suitable property for Dhollandia, the Colliers team concluded that there were no available industrial properties that met the client’s needs. As such, they looked to an alternative solution: Vancouver’s booming industrial strata development market.
As a result, Dhollandia acquired approximately 25,000 square feet of industrial condo space for a total of $6.44 million. The client was extremely satisfied with the service the Colliers team provided and has since entrusted them with the mandate to lease one of their industrial condos.
We see beyond what’s directly in front of us.
At Colliers, we don’t see what is. We see what could be.
