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.

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.