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Primecorp acts as exclusive Advisor of Class A Office Complex of 68,365 net leasable square feet at 72 Laval Street in Gatineau, QC

OTTAWA, Sept. 28, 2015 /CNW/ - Primecorp Commercial Québec Inc., Real Estate Agency, acting as Advisor, announced today the successful purchase by Le Fonds de placement immobilier Nobel (FPI Nobel) and Rue Laval Property Limited Partnership (Rue Laval LP) of 72 Laval Street, a 7-storey office complex of 68,365 net leasable square feet, strategically located in the revitalized downtown core of the Hull Sector of the City of Gatineau. In addition, the building was built to L.E.E.D. standards but not L.E.E.D. rated as stated previously. The sale price was $18,500,000 CAD.

This transaction, completed by Primecorp Québec's Commercial Investment Sales Team led by David Thomson and Pierre Charron, demonstrates Primecorp's continued success in completing investment grade real estate transactions in all economic environments. The property is primarily occupied by the Federal Government, with the balance occupied by a language school and high technology firms.

David Thomson, the Vice President and Director of Primecorp Commercial Québec Inc. says, "The sale demonstrates that the City of Gatineau is no longer under the radar when it comes to institutional grade real estate transactions, a fact he attributes to Gatineau being part of the overall regional economy of the Ottawa-Gatineau metropolitan area, and its position as a major political and economic partner in Canada's National Capital Region".

Pierre Charron, Commercial Real Estate Broker, says "This is just the beginning of a great journey in becoming the most respected and sought after commercial real estate firm in the Province of Québec".

Primecorp Commercial Québec Inc., Real Estate Agency is a progressive Commercial Real Estate Investment Brokerage, Management and Advisory Firm specialising in Commercial Investment Sales, Multi-Residential Investment Sales, Retail Leasing, and Office Leasing. The Firm's office is based in Montréal, Québec.

WWW.PRIMECORP.CA

SOURCE Primecorp Commercial Québec Inc., Real Estate Agency

For further information:

David C. Thomson*, Certified Real Estate Broker & Agency Executive Officer, Primecorp Commercial Québec Inc., Real Estate Agency, 1.514.396.7878 ext. 260, *practicing within a business corporation David C. Thomson Realty Corporation; Pierre Charron, Commercial Real Estate Broker, Primecorp Commercial Québec Inc., Real Estate Agency, 1.514.396.7878 ext. 259

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