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Petra/Mach JV buys class A Montreal office block for C$225M

A joint venture between Canadian real estate companies Groupe Petra and Groupe Mach Inc. purchased 1100 Rene-Levesque West, a 27-story class A Montreal office building, from Oxford Properties Group Inc. for C$225 million.

The 560,000-square-foot property at the intersection of Rene-Levesque West Boulevard and Peel Street is leased to tenants including BCF Business Lawyers, CMHC, ADP Canada and TC Transcontinental.

Amenities include a 330-unit underground parking area, a bistro and a convenience store. The building holds LEED Platinum and BOMA Platinum certifications.

Petra will assume responsibility for management and leasing of the building.