Colliers International wins the North American SIOR 2014 Industrial Largest Dollar Volume Transaction Award

Colliers International won the North American SIOR 2014 Industrial Largest Dollar Volume Transaction Award, which will be presented to the winners at the 2015 Spring World Conference, April 22-25, 2015 in Scottsdale, Arizona.

This honour went to Montreal’s Norman S. Laff,Arnold Fox and Jean-Marc Dubé, SIOR and Toronto's Gordon D. Cook, SIOR and Victor Cotic for the sale-leaseback of a build-to-suit property on Chemin du Grand-Bernier, St-Jean-sur-Richelieu. The Advisory Team for this industrial real estate project consisted of some of the most experienced advisors in the industry. This team has vast experience in industrial real estate and are market-makers, having completed close to a billion dollars in transactions in the past couple of years.

The winning deal, valued at $65 million, involved a 374,000-square-foot facility and 870,000-square-foot piece of land. An investor-landlord acquired the land and the building in Saint-Jean-Sur-Richelieu, Quebec. The deal resulted in a new facility for DHL/Exel, as well as created new employment opportunities and construction contracts in a tertiary market.

The project in St-Jean-Sur-Richelieu is an excellent example of collaboration among SIORs from the Eastern Canadian Chapter and Central Canadian Chapter to bring a project to a successful close.