Canderel Enters Into Strategic Partnership With LaSalle Investment Management

MONTREAL, QUEBEC--(Marketwire - Aug. 2, 2012) - The Canderel Group of Companies (www.canderel.com), a leader in the Canadian real estate industry announced today that the firm has entered into an agreement with LaSalle Investment Management to act as both property and leasing managers for 11 properties located in the Technoparc of Ville Saint Laurent. The portfolio is comprised of over 340,000 square feet of office and laboratory space.

"We've been doing business together for many years, and we're thrilled LaSalle have chosen us once again to represent them in this market, " says Peter Picciola, Vice President of Leasing & Development, Canderel."We look forward to continuing to show our longstanding commitment to providing the highest level of service to our partners and to our tenants."

Sam Barbieri, Senior Member of LaSalle Investment Management adds that "we are extremely pleased about our decision to partner with Canderel as we have seen before the quality of service we can expect from their team of professionals, and we know they have the ability to help make our investment a success."

The vast majority of the portfolio is certified under the BOMA BESt green building certification program, and the neighborhood is also soon to be home to the Éco-campus Hubert Reeves, the country's largest research zone committed to clean technologies.