Avison Young completes sale of landmark, historic property – Le Belgo

Montréal, Québec – Global commercial real estate advisor, Avison Young, announces the sale of Le Belgo at 372 Sainte-Catherine West in downtown Montréal.

Sold to Avenir Immobilier, Avison Young’s Mark Sinnett, Yann Charles, MC Laflamme-Sanders and Victor Harraca were the exclusive advisors and agents for the vendor, a well-established Montréal-based family office.

“We are honoured to help our client identify the best new owner who also recognizes the symbolism of the historic Le Belgo at the heart of the Quartier des Spectacles – our city’s premier cultural and commercial district,” said Mark Sinnett, Principal, Executive Vice President and Head of Capital Markets, Québec. “This is a stunning location, highly accessible by Metro and the REM McGill station, that will thrive for a creative, visionary buyer who appreciates the artistry and heritage of the building.”

Avenir Immobilier will focus on maintaining the significance of Le Belgo as a cultural and entertainment destination, enhancing the contemporary, creative, artistic positioning that already exists.

The mixed-use property, spanning a full city block, encompasses 187,164 square feet in total – anchored by Pharmaprix and RBC on the ground floor – with a vibrant mix of cultural, arts, and dance tenants throughout the rest of the building. Surrounded by residential towers and cultural landmarks, Le Belgo is ideally located in a bustling urban environment, driving sustained demand and long-term value growth.