1034 Robson Street

November 26, 2022 / by Matthew Yung / / 0 Comments

Located at 1034 Robson Street in downtown Vancouver, the Property is a fully leased retail building comprising over 8,600 sq. ft. of leasable area spread over two storeys, located at the heart of Vancouver’s flagship shopping district. The Property is currently 100% occupied by the global affordable luxury retailer, Club Monaco, and sits on one of the city’s most iconic and rapidly intensifying locations on Robson Street between Burrard and Thurlow Streets.

Through a comprehensive global marketing campaign, CBRE NIT-Vancouver collaborated with Marcus & Millichap to transact this asset to a commercial real estate fund manager.

3220-3280 Mt. Lehman Road

November 18, 2022 / by Matthew Yung / / 0 Comments

Located at 3220-3280 Mt. Lehman Road in Abbotsford, B.C., this grocery-anchored, open-air shopping centre is 98% occupied by an excellent tenant profile, with 82% of rent derived from national-quality covenant tenants with long-term leases. Through a comprehensive global marketing campaign, CBRE strategically positioned this asset in the market by highlighting the Property’s exceptional tenant offerings, which are predominantly necessity-based and provide resiliency through any market conditions. Additionally, the Property benefits greatly from nearby complementary retail offerings and significant future residential and industrial development in the area.

Columbia Square

June 30, 2022 / by Matthew Yung / / 0 Comments

Columbia Square Plaza is a 7.2-acre shopping centre, anchored by Save-on-Foods, located only one block from the New Westminster SkyTrain Station in New Westminster, B.C.  Although the property is currently improved with a 170,000 square foot outdoor shopping plaza, it is slated for a master-planned mixed-use development.

CBRE was engaged by the Buyer to pursue an unsolicited sales approach.

20486 64th Avenue

April 7, 2022 / by Matthew Yung / / 0 Comments

20486 64th Avenue is a fully leased mixed-use retail and office building comprising nearly 40,000 sq. ft. spread over two floors. The property is 100% leased and is home to several-based retail and office tenants which are resistant to the threat of e-commerce. Additionally, CBRE identified a value-add opportunity for income enhancement through leveraging market rental rates, further enhancing the asset’s desirability.  Lastly, 20486 64th Avenue is poised to benefit from its proximity to the recently announced extension of the SkyTrain Expo Line into Langley’s City Centre.

CBRE conducted a comprehensive global marketing campaign, which ultimately led to the successful transition of the property to a qualified private buyer.

Valleyfair Mall

April 7, 2022 / by Matthew Yung / / 0 Comments

ValleyFair Mall is a high-profile, exceptionally well-leased, grocery-anchored shopping centre in the heart of Maple Ridge. Comprised of 139,297 sq. ft. of net rentable area with 98.3% occupancy, the property is a partially enclosed mall consisting of three well-maintained buildings and is anchored by well-known tenants including Save-On-Foods, London Drugs, and BC Liquor Store. In addition to its exceptional and stable tenant profile, ValleyFair’s strategic position on a 10-acre site presented a remarkable value-add opportunity for a high-rise infill development.

CBRE implemented a comprehensive marketing campaign and ultimately transacted this property to a private foreign investor.