PRESS RELEASE
For immediate distribution
Industrial real estate
ROSEFELLOW – Two major distribution centers to open in Pointe-Claire
Pointe-Claire, QC, December 13, 2022 – Rosefellow, a leading real estate development firm continues to grow amidst the design of a new, state-of-the art, $75 million facility, located on a prized 626,000 square-foot parcel of land in Pointe Claire, Quebec, which will house the Dormez-vous and Steve Madden distribution centers.
The 275,000 square foot building, which is jointly owned by Rosefellow, Skyline Industrial REIT, and FIT Ventures, combines storage space and offices located near the Trans-Canada Highway and Victor-Davis Avenue, and close to key essential services ranging from Montreal’s Pierre-Elliott-Trudeau International Airport and distribution centers operated by Canada Post, Fedex and UPS.
“The West Island hosts a booming, versatile, industrial sector. We are delighted to further help develop this territory and to offer customers facilities that are designed based on sustainable, innovative standards. We are honored with the trust and collaboration that renowned companies such as Dormez-vous and Steve Madden have placed in us,” said Mike Jager, Rosefellow’s co-founder and co-owner.
Sustainability and innovation
The ultramodern, eco-responsible facilities will include ventilation units equipped with energy recovery (85% efficiency) technology, a white roof designed to reduce heat islands, and trees that will be planted to provide shade in parking areas. Electric vehicle charging stations will be added alongside numerous green spaces foreseen in the plan. To reduce demolition residue, 88% of the materials will be integrated into the construction, including 550 tons of metal, 6,650 tons of concrete and 400 tons of bricks and asphalt. The fully-rented project will be formally delivered in the summer of 2023.
The new development will be located near the Trans-Canada Highway and Victor-Davis Avenue
Quotes
“We and thrilled to be part of this exciting new development that will bring together our Montreal regional locales into one state-of-the-art facility that will house our new head office, operations, and warehouse spaces which also provide us with capacity for future growth. This bricks and mortar investment in critical infrastructure is a key component in our strategy for physical retail stores, on the ground, while improving productivity and logistics,” said Phil Besner, Dormez-vous’s Senior Vice-President of Business Development.
“We have been looking for many years for the perfect location to consolidate our warehousing and offices under one roof. Steve Madden Canada is delighted to partner with Rosefellow for this exciting project which will serve as our main distribution hub for all our stores and customer networks. The new building positions us perfectly for future growth initiatives,” said Jennifer Walewski, Steve Madden Canada’s president.
“Skyline is very pleased to welcome Dormez-Vous and Steve Madden as tenants to Pointe-Claire, QC. We are thrilled these exceptional companies have chosen our development for their newest distribution centers. We believe their choice highlights the quality of the assets that are being delivered under the REIT’s development pipeline partnership with Rosefellow and F.I.T. Ventures.” Said Mike Bonneveld, President, Skyline Industrial REIT.
“We are very proud to once again be part of a tremendous new project with Rosefellow and Skyline and have these great companies as our long-term tenants. We would like to thank both Steve Madden and Sleep Country for believing in the project and are very proud to have both of these great companies as our long-term tenants,” said Alexandre Leclerc, F.I.T Ventures Partner.
ABOUT ROSEFELLOW
Rosefellow, one of Montreal’s leading real estate development firms, has more than 24 million square feet of industrial and multi-residential projects under development in Quebec and Ontario. Rosefellow designs, builds, and manages buildings that prioritize continuous innovation in the field of sustainable development. The company is responsible for the recent completion of the Cent-Onze residential rental project in Saint-Laurent, Novelia in Anjou, as well as several industrial buildings in the Montreal region and in Ontario.
ABOUT SKYLINE INDUSTRIAL REIT
Skyline Industrial REIT (REIT) is a privately owned and managed commercial property portfolio that is focused on acquiring industrial and logistics properties along major highway corridors in Canada. Skyline Industrial REIT is distributed as an alternative investment product by Skyline Wealth Management Inc (Skyline Wealth), the REIT’s preferred exempt market dealer.
ABOUT F.I.T VENTURES
F.I.T. Ventures is a family office investment firm located in Montreal, Quebec. The firm oversees and manages a variety of investments focusing on private equity, real estate and public equities. The management team of the fund is comprised of professionals with extensive experience in supporting all aspects of M&A and corporate finance activities.
SOURCES :
Rosefellow | rosefellow.com
Skyline Indutrial REIT | skylineindustrialreit.ca
F.I.T. Ventures | fitventures.com
MEDIA CONTACT :
Alexandra Mc Donald | alexandra@fernandezcom.ca
C. 418 271-7600