Located at 9900 Irénée-Vachon street, Mirabel, Québec, the property comprises an approximate leasable area of 176,819 square feet with a clear height of 32 feet. Built in 2022, this property has been developed to be a benchmark of environmental sustainability, with materials that promote energy recovery such as a LED-controlled lighting system and a high-performance thermal insulation.
This new state-of-the-art industrial space is leased to a single tenant, namely Lion Electric (“Lion”, NYSE and TSX: LEV). Founded in 2008 and headquartered in Saint-Jérôme, Quebec, Lion is an innovative manufacturer of zero-emission vehicles. The company designs, develops, manufactures, and distributes fully electric school buses, minibuses, and commercial trucks. With more than 800 vehicles on the road, Lion currently employs more than 1,350 employees in all functions, including manufacturing, research and development (“R&D”), sales and marketing, and administration, and operates in the United States and Canada.