Elopak’s manufacturing facility had become functionally
obsolete, and the cost of updating it did not make financial sense.
The facility would not accommodate the new processes Elopak
was bringing to the market. Elopak then contacted Jean-Marc
and his brokerage team and expressed their desire to explore the
possibility of moving to a facility ideally located in the east end
of Montreal. The team’s initial search in the east end didn’t result
in any suitable spaces. Neither did their extended search into the
• Find a facility that would allow Elopak to grow and support the new
processes that Elopak wanted to implement
The main challenge was that the cost of modifying an existing
building to suit Elopak’s needs was much higher than expected. The
client decided to extend their geographical parameters to include
Laval, the North Shore and the South Shore, and began working
with Group Montoni on a build-to-suit option.
The resulting facility, which Elopak has leased for 20 years, measures approximately 306,000
square feet including an expansion option should Elopak ever require additional space. The actual
building, which will be move-in ready later this year, will house the latest packaging technology,
with the end goal of earning LEED® certification within the next year.
Transaction Date: April 1, 2014
Transaction Type: Lease
Building Type: Industrial
Building Size: 306,000 sq. ft.
Aggregate Rent or Sales Price: $60,400,000