The Cutler Property Group has acquired the Samuelsohn Building, comprised of 105,000 square feet of gross leasable area and 35 indoor parking spaces. The building is located at 6930 ave du Parc, Montreal, just north of the Plateau Mont Royal District and one block south of Jean Talon Metro / AMT train station. It is currently leased on a long term basis to Samuelsohn Ltd., manufacturer of fine hand-made gentlemen’s clothing. Samuelsohn Ltd was founded in 1923 and has been located at the same ave du Parc address since 1947. In 1997 the original building was completely overhauled and expanded.
The investment represents a “paid to wait” redevelopment strategy to eventually benefit from the $1.4 billion new Université de Montréal Outremont Campus located directly adjacent the property. Work began on the new campus in October 2010 with the first building providing 600,000 square feet, scheduled to be completed 2012-2014.