Parc 30 Ouest is a 40-acre, Class A, industrial development, with Keurig Canada Inc. as the incoming tenant.
Montreal’s industrial market has experienced a strain on supply due to high demand, but it has recently begun to stabilize with a 1.4% vacancy rate, ending a six-quarter streak of vacancies below 1%. The Greater Montreal Area currently has 3.8 million square feet of space under construction.
One notable project is Parc 30 , a state-of-the-art, 40-acre development in Beauharnois, Quebec, undertaken by OleaDev.
Colliers Experts Helping Usher in the Future of Industrial
When looking for the right experts to help find the right tenants for Parc 30 Ouest, OleaDev sought the assistance of Colliers’ Jean-Marc Dubé, Executive Vice President and Vincent Iadeluca, Senior Vice President to help them achieve their real estate goals. Their combined experience, extensive network, and valuable advice helped OleaDev navigate the unique challenges of the industrial market in the Greater Montreal Area.
Jean-Marc's expertise in the regional industrial sector indicates that there is no expected decline in industrial rents for the foreseeable future, with a projected annual growth rate between 3 to 5 percent. Despite a slight decline in demand since Spring 2022, attributed to rising interest rates and general economic sentiment, the vacancy rate has only increased to 1.4%.
The Next Generation of Industrial Innovation
Parc 30 Ouest was designed with a focus on creating a cutting-edge industrial space. It boasts first-class Autoroute 30 frontage, providing excellent exposure for occupying tenants. The location offers unparalleled access to major metro markets east of Toronto, surrounding areas in Montreal, as well as proximity to seaports and US border crossings.
Additionally, Parc 30 Ouest features a remarkable 40' clear height, allowing for a 52% increase in storage capacity compared to standard 30' heights. The space can accommodate close to 28,000 pallets, considering appropriate cross-aisle allowances and service working areas within the facility layout. The property offers exceptional accessibility, with 50 truck-level doors and 2 drive-in doors.
Brewing Success for Parc 30 Ouest
Keurig Canada Inc. (Keurig), a leading beverage company with a commitment to sustainability and community support, found its next location at Parc 30 Ouest. The team at Colliers, including Jean-Marc Dubé, Vincent Iadeluca, Arnold Fox, and Nicholas Payette, showcased the innovative benefits of Parc 30 Ouest. Impressed by the existing 421,580 SF and the additional 180,522 SF of development on the 40-acre lot, Keurig signed the largest spec lease in Montreal's history. Keurig’s principal Canadian offices and executive team are located in Montreal, Quebec and Mississauga, Ontario.
Created by a Trusted Developer
OleaDev, the visionary behind Parc 30 Ouest, is a real estate development and investment firm. They capitalize on attractive real estate opportunities and collaborate with Frare Gallant's construction expertise to create a comprehensive real estate development platform for their investors and partners. OleaDev focuses on acquiring, developing, and investing in investment-grade quality commercial, industrial, and value-add re-development projects throughout Quebec and Ontario. Their executive leadership has a successful track record of creating value for private equity and institutional real estate clients for over two decades.
The collaboration between Colliers' experts and OleaDev has resulted in a significant milestone for Montreal's industrial market, with the successful leasing of Parc 30 Ouest to Keurig. The development showcases the next generation of industrial innovation and serves as a testament to the region's thriving real estate market.