Congebec building a $70M industrial freezer in Montreal
Congebec, Quebec’s largest multi-temperature food processing, distribution, and logistics company, has signed a long-term lease at a development that will become the company’s first major cold storage facility located on Montreal’s North Shore. This crucial infrastructure project, which will be developed through a joint venture partnership between Rosefellow, a real estate developer, and Skyline Commercial REIT, will be located in Mascouche, and is expected to increase Quebec’s food autonomy.
This $70-million development will include a new 219,000-sf cold storage facility that will enable food producers in the region to store inventories closer to their operations, creating efficiencies within the supply chain.
Construction of the building, which will begin this spring, is expected to be completed in 2023. The facility will be equipped with an innovative CO2 based refrigeration system.
“This project represents a bit of a homecoming for us. As a key link between food production and consumption, we want to continue to support this industry in which our company got its start. The pandemic and the supply issues of the past few months have enabled us to refocus on our customers’ needs right here at home. This new space will contribute to the growth of the region’s food chain and to the food autonomy of Quebec as a whole,” said Nicholas-P. Pedneault, Congebec’s president and CEO.
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With some 60 million cubic feet of freezer space, Congebec receives the equivalent of $2 billion worth of food annually in its facilities, from turkey to cranberries to certain baked goods. And with the recent addition of National Private Equity as a minority shareholder, the Quebec-based company is looking to expand abroad.
Congebec veut congeler à l’étranger
Avec sa soixantaine de millions de pieds cubes de congélateurs, Congebec reçoit annuellement dans ses installations l’équivalent de 2 milliards de dollars en nourriture, de la dinde aux canneberges en passant par certains produits de boulangerie. Et avec l’arrivée récente de Banque Nationale Placements privés comme actionnaire minoritaire, l’entreprise québécoise a l’intention de prendre de l’expansion à l’étranger.
Skyline Commercial signs 20-year lease with Congebec for 219,000 square foot cold storage facility in Mascouche, QC
Skyline Commercial REIT, a privately owned and managed portfolio of industrial properties across Canada, has signed a 20-year lease with Congebec Inc. (Congebec), a Quebec-based cold and multi-temperature storage, warehousing, and distribution firm, for tenancy at 3601 Avenue de la Gare, Mascouche, Quebec.
Congebec building a $70M industrial freezer in Montreal
Congebec, Quebec’s largest multi-temperature food processing, distribution, and logistics company, has signed a long-term lease at a development that will become the company’s first major cold storage facility located on Montreal’s North Shore.