8455 Tcan

JLL as selling agents are pleased to present 8455 Transcanada Highway, a compelling office investment opportunity in Saint-Laurent, Montreal.

This is a unique opportunity to acquire a stabilized office asset within Quebec's premier Highway 40/13 location. With 79% occupancy anchored by a 10-year lease with two quality tenants, Festo and Recochem, investors benefit from contractual income growth supported by structured leases, offering enhanced cash flow visibility and predictability. The property spans 53,779 SF over three stories with a weighted average lease term (WALT) of 8.34 years, offering long-term income stability.

The property offers a quantifiable value-add opportunity with 21% vacancy across 11,207 SF prepared for conversion to office, flex, or life sciences uses. Located in the heart of Montreal's Life Sciences Corridor, the site is ideally positioned near leading pharmaceutical and biotech companies, providing access to an expansive talent pool and proximity to major research institutions.

Strategically positioned minutes from YUL Airport and situated at Quebec's busiest highway intersection, 8455 Transcanada offers exceptional visibility and connectivity in Greater Montreal’s second-largest employment hub. It is surrounded by international headquarters such as Bombardier and Siemens, benefiting from a robust ecosystem driven by life sciences and tech industries.

Investors can expect growth potential driven by the strategic location and sustained demand for specialized commercial space, making 8455 Transcanada a key node in Canada’s life sciences sector. This office property presents a stable investment with promising value creation opportunities.