4950 Queen-Mary Road, Montreal Phase 1 Completed! Brand New Redevelopment! up to 10,000 SF of Retail Space Available for Lease!
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4950 Queen-Mary Road, Montreal Phase 1 completed! Brand new redevelopment! Up to 10,000 SF of retail space available for lease! For more information, please contact: Mark Sinnett | T. +1 514 667 5696 | [email protected] Armen Markarian | T. +1 514 667 5695 | [email protected] Great location near a wide range of services and amenities Highlights • Four newly built-out commercial spaces for lease on the ground floor of an office building on Queen-Mary Road. Space 1: 5,165 SF Space 2: 1,447 SF Space 3: 1,269 SF Space 4: 1,863 SF • Spaces feature 15’ clear ceiling height, parking and new façades. • In a strong retail environment that drives important pedestrian and automobile traffic: Neighbouring tenants include Jean-Coutu Pharmacy, SAQ, Starbucks, Thai Express, TD Bank, Bank of Montreal, La Cremière, Java U, Tim Hortons, etc. • Well-serviced by public transit: only a few minutes away from Snowdon metro station and buses 17, 51, 124, 166, and 371, run frequently. • Easily accessible via Highway 15, which connects to downtown Montreal as well as to neighbouring boroughs. • On a busy intersection with over 22,000 cars and 2,500 pedestrians per day. • Located in the heart of Montreal’s most densely populated borough, home to 165,000 inhabitants. Net Asking Leasing Rate $25.00 psf Page 2 4950 Queen-Mary Road, Montreal Retail Environment In the heart of a strong retail environment Page 3 4950 Queen-Mary Road, Montreal On a busy commercial artery in Montreal’s most densely populated borough Market Overview - Côte-des-Neiges/Notre-Dame-de-Grâce The Côte-des-Neiges/Notre-Dame-de-Grâce figure and the unemployment rate – higher The area benefits from a very extensive borough is one of the most densely populated here than for the island – was of 10.4% in transportation system: it is serviced by two boroughs of the island of Montreal. It is 2009 with a rate of 15.5% for youths between subway lines and 10 stations in addition to home to 165,031 inhabitants, representing the ages of 15 and 24. four commuter train lines. With the Décarie approximately 10% of the city’s total Expressway, the borough is well connected population and a population density of 7,710 Health services accounts for 25.7% of all jobs to Montreal’s principal roadways, such as inhabitants per square kilometer. Younger in the borough. Teaching comes in second Highways 40 and 20, and only minutes away than the rest of Montreal, the median age with 14,135 jobs (19.4%). Over 57% of from both the downtown core and P.-E.- rests at 36, this borough is home to a higher establishments in the borough count between Trudeau International Airport. Attractions in proportion of young people. In fact 31% of the 1 and 4 employees. Establishments with the borough include the Snowdon Theatre, borough’s population is under the age of 25. more than 200 employees account for only the Empress Theatre, Saint Joseph’s Oratory Approximately two thirds of the households 1%. The top 5 employers are Concordia and the Gibeau Orange Julep fast-food have children; however, it is interesting to University, Université de Montreal, the Jewish restaurant. The Notre-Dame-des-Neiges note that the number of families with children General Hospital, HEC Montreal, and Saint- Cemetery is also located in the borough. has remained stable in the last 8 years. While Mary’s Hospital. English is most spoken at home, many speak French, Spanish, and Tagalog on a daily basis. CDN/NDG is an ethnically diverse borough, with over 75 different nationalities present. Furthermore, due to the presence of three universities (Université de Montreal, HEC Montreal, the Concordia University’s Loyola Campus) as well as multiple private schools and colleges, we find here an important student population. 4950 Queen-Mary Types of homes, incomes and employments vary incredibly from one area of the borough to the other. Approximately 36% of residents own their dwellings, while 64% rent. The median price of single-family homes in the area was of $575,000. Condominiums and plexes sold for $322,450 and $553,750 respectively. These figures are significantly higher than the Montreal median where homes, condominiums and plexes have sold for $380,000, $278,461 and $443,100 respectively. The average household income is $66,477; of note, 23% earn below this Page 4 4950 Queen-Mary Road, Montreal About the Capital Markets - Commercial and Retail Properties Group JLL’s Capital Markets - Retail Group specializes in the acquisition and disposition of commercial, semi- commercial and retail properties both in the Greater Montreal Area and throughout the province. The group offers: • Acquisition and disposition services; • Leasing and landlord representation services; • Asset review and financial analysis; and • Investment strategy development and due diligence support. Our main objective is to ensure that our clients receive maximum value for their real estate investments. Our approach, tools and processes have all been optimized to meet this goal, allowing us to successfully transact the majority of our assignments. In addition to our 20 years of cumulative experience, we offer industry-leading research, market intelligence, and unmatched exposure to investors, retailers, users, and developers across the country. About JLL JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. Jones Lang LaSalle Real Estate Services Inc. Real Estate Agency 1 Place Ville Marie, Suite 2121 Montreal, Québec, H3B 2C6 Tel. +1 514 849 8849 www.jll.ca For more information, please contact Mark Sinnett Armen Markarian Executive Vice President - Capital Markets Associate - Capital Markets Real Estate Broker Commercial Real Estate Broker Jones Lang LaSalle Jones Lang LaSalle T. +1 514 667 5696 T. +1 514 667 5695 [email protected] [email protected] © 2014 Jones Lang LaSalle, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Jones Lang LaSalle Real Estate Services, Inc., Real Estate Agency.