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Cominar sells half-empty Montreal office building for one-third its assessed value

New owner says bargain purchase could lead to lower lease costs, helping attract new tenants
This four-storey building with just under 100,000 square feet of office space has changed hands in Montreal. (CoStar)
This four-storey building with just under 100,000 square feet of office space has changed hands in Montreal. (CoStar)
CoStar News
November 28, 2024 | 6:50 P.M.

A veteran real estate investor is betting he has the formula to turn a profit on the half-empty office building he recently acquired.

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