Broccolini company will building industrial park with Alta
Real estate service provider Broccolini teaming up with Alta Industrial building to additional 17.8 million square feet in the Alta Industrial Park in Coteau-du-Lac.
The district is located 60 kilometers from the montreal. President of real estate development and acquisitions of Montreal-based Broccolini Roger Plamondon said “This should be a game-changer.” He said the partnership will lead to at least $500 million of new development for the Montreal area’s space-strapped industrial market.
Partners’ current plans call for about six million square feet of new industrial buildings at the site, with building sizes ranging from 240,000 square feet to more than one million square feet.
“If you figure that every one million-square-foot building in today’s world is at least $100 million, you’re looking at anywhere from half a billion to three quarters of a billion of investments,” Plamondon said.
The land used to be used for agriculture
Alta Industrial Park used as agricultural land for many years. Therefore, Broccoli the company has dealt with many cases. Because, Quebec’s Farmers Union opposed the rezoning of agricultural land at the site, but ultimately failed to stop the zoning change.
Alta Industrial Park has a direct link with the Canadian National Railway. Also ıt along Highway 20 and near Highways 30 and 40, along Quebec’s main economic corridor.
“It’s a great location. “In an hour, you can cover pretty well the massive part of the greater Montreal area.” said Plamondon.
He added Broccolini is “very happy” to be part of the Alta Industrial Park “because it gives us an alternative to the Cornwall market for Quebec.”
Cornwall Market, has attracted several distribution centres including Walmart and Shoppers Drug Mart, due to factors such as cheaper rents and lower wages.
“We know the Cornwall market very well, but now we can have people stay in Quebec,” Plamondon said. “Instead of locating in Cornwall, Quebec companies now have a choice.”