10355 152 Street – Guildford Town Centre

October 17, 2021 / by Matthew Yung / / 0 Comments

10355 152 Street (Guildford Town Centre) is a nationally ranked, dominant high performance regional shopping centre that attracts nearly 15 million visitors annually. Located in Surrey, B.C., Guildford Town Centre is situated on a 66.6-acre site and provides 1,188,266 sq. ft. of gross leasable area leased to some of North America’s leading retailers. The property’s significant redevelopment upside potential was also featured.

Through a targeted marketing strategy, CBRE NIT-Vancouver collaborated with our Toronto National Investment Team to transact a 50% non-managing interest in the property to a leading Canadian real estate investment management firm.

45905 Yale Road – Southgate Shopping Centre

October 17, 2021 / by Matthew Yung / / 0 Comments

45905 Yale Road (Southgate Shopping Centre) is a high-exposure enclosed retail shopping centre on a 56,000 sq. ft. site located on the edge of the downtown core of Chilliwack, B.C. The property accommodates 23 tenants and is anchored by Shoppers Drug Mart in the strong and growing market of Chilliwack. The property was positioned to serve a diversified tenancy profile with mostly service/necessity-based tenants, making the property resilient to economic challenges.

Due to the strength and uniqueness of this asset, CBRE was able to successfully transact this property to a qualified private investor, which allowed the Purchaser to benefit from the asset’s strategic location in one of BC’s fastest growing communities.

32525 & 32555 London Avenue – Mission Junction

October 17, 2021 / by Matthew Yung / / 0 Comments

32525 & 32555 London Avenue (Mission Junction) is a grocery and drug-anchored shopping centre on a 30-acre site in Mission, B.C. The property was positioned as a premium investment opportunity due to its roster of national quality covenant tenants that are resilient to all market conditions including Save-on-Foods, London Drugs, and Winners. Additionally, offering over 300,000 sq. ft. of net rentable area, the property also presented several unique value-add upside opportunities, including excess density that allowed for site intensification.

CBRE prepared a custom, full-scale marketing campaign highlighting the property’s unique selling features; due to the property’s prime location in Mission, strong and resilient tenancy profile, and value add upside opportunity, CBRE-NIT was able to successfully transact the property.

Impact Plaza

July 7, 2021 / by Matthew Yung / / 0 Comments

Impact Plaza is a grocery-anchored, mixed-use centre encompassing an entire city block along 152nd Street between 100 Avenue and 101 Avenue in the Guildford Neighborhood of Surrey, BC. This property is leased to a mix of Asian-influenced retail tenants, with a three-story office building and retail at grade. The centre has remained resilient with T&T Supermarket, a sought-after grocery destination that provides exceptional foot traffic. The property is shadow anchored by Guildford Town Centre, the most dominant regional shopping centre in the area located just northwest of the property. The property is also well positioned as a future development site.

The property successfully transacted to a local commercial real estate corporation focused on investment and development projects.

Victoria Square Mall

July 7, 2021 / by Matthew Yung / / 0 Comments

Victoria Square Mall is a prominent shopping centre situated on an expansive 25-acre site in Regina’s Gardiner Park neighbourhood along Trans-Canada Highway 1. Anchored by a premier mix of national tenants, the property was positioned with value-add potential through new leasing and active management activities. The property is currently occupied by a strong mix of national and regional tenants. In addition, the property has undergone extensive renovations since 2016, including a roof replacement, parking lot repairs, and lighting upgrades. With over 1,300 parking stalls, the Property provides ample parking for visitors.

Through a comprehensive global marketing strategy, NIT-Vancouver collaborated with our Saskatchewan team to transact the property to a foreign private equity firm.