Montreal – Dollarama L.P. has acquired a commercial property located at 6420 Beaubien Street East in Montreal for $3,650,000. The transaction, which closed on August 12, 2024, involved Colonel’s Realty Inc. (Plaza REIT) as the seller.
The building, currently an abandoned former fast-food restaurant, sits on a lot slightly larger than 2,000 square meters. This acquisition by Dollarama suggests potential plans for redevelopment or repurposing of the site, given its prime location and the company’s expansion strategies.
The purchase of this property by Dollarama, a leading Canadian dollar store retailer, may indicate future plans for a new store location or other commercial developments in the area. The size of the lot provides ample space for various possibilities, making it a strategic acquisition for the company.
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