Major Transaction for Our Real Estate Team: Westcliff Acquires Champlain Place, New Brunswick’s Largest Shopping Center

On October 31, 2024, Westcliff, a privately held real estate development and management company based in Montreal with over 50 years of industry experience, announced the acquisition of Champlain Place, New Brunswick’s largest shopping center, located in Dieppe, near Moncton. This 784,372-square-foot regional center houses more than 150 stores and services.

This acquisition allows Westcliff to strengthen its presence in Canadian regional markets by investing in prime real estate assets. Champlain Place, situated on a 60-acre site, enjoys a strategic location within a rapidly growing metropolitan area, serving a market of 1.6 million people within a 2.5-hour drive radius.

This transaction reflects the current trend of major real estate companies re-evaluating and adjusting their asset portfolios, focusing on properties with growth potential and significant added value.

Strategic Legal Support

We are proud to have represented Westcliff and contributed to the success of this significant acquisition. Our real estate team tackled the complex challenges of the transaction. Our lawyers remain dedicated to providing top-tier legal services, enabling our clients to position themselves effectively in strategic markets.

Congratulations to the entire team behind this transaction led by Marc j. Rubin, including Robert Greenberg, Aubie Herscovitch, Virginia Lam, Eric Lasry, Piero Biasini, Adam Barza, Beth Trister, Eric Lupovich, Alexander Rigante, Isabella Tamilia, Deirdra Corber, Philipp Duffy, Sonia Ahimana, Alissa Stachrowski and Fred Carsley.

To read the announcement issued by Westcliff  » Westcliff Announces Acquisition of New Brunswick’s Leading Super Regional Shopping Center | Westcliff