Artlife Portfolio

Industrial Properties

Industrial assets developed, leased, and maintained for warehousing, manufacturing, and logistics use.

Brick Distribution Center
Montréal, Canada

Brick Distribution Center

Location

10,001 Boulevard Metropolitan East, Anjou, Quebec, Canada. Located on the Metropolitan Highway.

Size

329,000 sq/ft of leased area. Existing lot permits a future expansion of an additional 240,000 sq/ft, expansion will take place in the near future.

Tenant

Largest furniture/appliance retailer in Canada with over 162 retail stores in Canada. Sales are over $1.3 Billion. The Brick has become an income trust and is traded on the Toronto Stock Exchange. The company was founded since 1971.

Rating

BBB+

Lease Terms
  • 20 years term.
  • Contractual rent increase every 5 years.
  • NNN (carefree for the owner).
Molson Distribution Center
Montréal, Canada

Molson Distribution Center

Location

1900 Dickson Street, Montreal, Canada. Located on the main road entering the Montreal shipping Port.

Size

225,000 sq/ft of leased area. Existing lot permits a future expansion of up to 150,000 sq/ft.

Tenant

Coors-Molson; third largest Beer Company in North America.

Company Rating

BBB+

Lease Terms
  • 15 years term – expiry date is TBD.
  • Contractual rent increase every 5 years.
  • NN lease (not including roof and structure).
Nellson Plant
Montréal, Canada

Nellson Plant

Location

Nellson Nutraceutical manufacturing plant, 1125 – 50th Avenue, Lachine, Montreal, Canada. Located on Highway #20, beside the International Montreal Airport.

Size

210,710 sq/ft of leased area. Existing lot permits a future expansion of 50,000 sq/ft.

Tenant

Nellson Nutraceutical Inc is the largest energy bar producer in North America, holding a 65% market share of energy bar production. Nellson produces bars for leading food companies in America such as Kraft Foods, Slim Fast, Ross Products Inc and Weight Watchers Inc. Nellson generated revenues of $380 Million for year end 2003.

Rating

BBB

Lease Terms
  • 15 years term.
  • Contractual rent increase every 5 years.
  • NNN (carefree for the owner).
Spectra Plants
Boucherville, Canada

Spectra Plants

Location
  • 1451 Ampère Street, Boucherville, Quebec, Canada.
  • 1313 HWY Chomedey, Laval, Quebec, Canada.

Both plants are located on main highways leading to Montreal.

Size
  • The Boucherville plant consists of 437,875 sq/ft.
  • The Laval plant consists of 176,000 sq/ft.
Tenant

Spectra Premium Industries Inc is a North American leader in the manufacture of automobile, light-truck and heavy-duty truck aftermarket parts, and manufacture of high-pressure die cast magnesium alloy parts and steel fuel tanks for the Original Equipment Manufacturer (OEM). The company produces and sells approximately 500,000 units of each per year. Spectra has generated revenues of $230,000 Million for year end 2004. The company is traded on the Toronto Stock Exchange.

Rating

BB

Lease Terms
  • 20 years term.
  • Contractual rent increase every 5 years.
  • NNN (carefree for the owner).

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