SITQ National Inc. sold eight office properties in Laval, Quebec, a primary suburban office market in the Greater Montreal Region, to Alexis Nihon Real Estate Investment Trust. The deal closed on December 18, 2003, and its value was $75 million.
The REIT was represented by Neil Stein of Stein & Stein in Montreal. SITQ National was represented by Borden Ladner Gervais LLP, with a team that included Sylvie Bouvette and Pierre Trudeau. Lise Rochette and Christine Malenfant of Fasken Martineau DuMoulin LLP advised on competition issues.