5750B - Complexe 5 Mille

Terracap acquired 5000 Taschereau Boulevard in 2006 The centre borders the City of Brossard and Greenfield Park Borough, east of Highway 10 on the south shore of the greater municipality of Montreal, Quebec.

With a prime location in a high-traffic street surrounded by strong middle income demographics, Terracap recognised the centre’s potential. At the time of purchase, the retail centre was in a poor state, enabling Terracap to purchase the property at a price of $45 per square foot, with an initial capitalisation rate of 9.45% on in-place income.

Terracap demolished the interior mall and remerchandised the centre into a community shopping centre. The centre is now well-maintained with ample parking, and anchored by tenants like Super C , Michaels, a Nephrologhy Clinic, SAQ, and L’Equippeur.

The façade was renovated in 2016, with an additional landscaping update and new corporate branding. The centre’s 242,000 square feet of rentable area is currently leased at 60%, and future plans involve attracting new tenants for the property.

Complexe 5 Mille is a 242,000 sf grocery anchored retail centre in Longueuil, Quebec, which is leased at 60%, and anchored by big box tenants like Super C, L’Equippeur, and Michaels.

• Located directly on major blvd
• Bordering the cities of Brossard and Greenfield Park
• Close to Hwy 10

Terracap is embarking on a program to ensure that all our properties implement initiatives that adhere to principles of environmental sustainability where practical and these initiatives are representative of ongoing efforts to implement a comprehensive program. The Complexe 5 Mille Shopping Centre offers tenants energy conservation features that include LED lighting in parking areas managed by timers and smart control systems, and on-site recycling containers. Environmentally-friendly cleaning products and a ban against plastic bags are also advocated for Centre businesses. For more information about the Terragreen program visit our News page.