555 Chabanel

JLL Capital Markets is pleased to present 555 Chabanel, a landmark property in Montréal, QC. This unique opportunity positions investors at the heart of District Central’s expansive urban revitalization.

With a sprawling ±883,000 SF of commercial space, this 15-story property is fully modernized, boasting ±112,000 SF of land and robust amenities including 375 underground parking spaces, 16 truck-level doors, 7 freight elevators, and expansive 58,000 SF floor plates. Its strategic zoning caters to office, industrial, light manufacturing, and now, retail uses, ensuring unmatched flexibility for tenants.

Located within Montréal's fourth-largest employment hub, 555 Chabanel offers superior transit connectivity with direct access to the Chabanel EXO train station and proximity to major autoroutes, the REM, and Montréal-Trudeau Airport. Such accessibility is indispensable for attracting top talent and maximizing operational efficiency.

The investment proposition is bolstered by the property's stable, investment-grade tenancy with the City of Montréal committed for 19 years. Moreover, a recent tenant-funded $6 million improvement demonstrates enduring demand.

Embedded upside is evident with in-place gross rents averaging $15.00 PSF, offering a 30-40% mark-to-market opportunity and substantial NOI growth potential. Coupled with the city-led transformation, including the Louvain Eco-District mixed-use project and 5,000 residential units, sustained demand is assured, reflecting a compelling value-add investment.