Abbotsford Power Centre is a well-established, fully leased destination retail centre strategically located in a high-exposure location in Abbotsford, B.C. Situated on an 18.5-acre site, the Property is fully leased to a diverse mix of well-known retail and restaurant tenants, including Lowe’s, PetSmart, Winners/HomeSense, Dollarama, and Tim Horton’s. Comprised of 219,355 sq. ft. of net rentable area, Abbotsford Centre is strategically located along Sumas Way, just south of the Trans-Canada Highway, providing leading accessibility and exposure for the surrounding trade area and local submarkets. As a result, the Purchaser acquired the opportunity to capitalize on the Property’s positive performance, historical first-class institutional management, and strong national tenancies.
Through a targeted, off-market campaign, CBRE was able to successfully transact the asset to a private real estate developer and investor on behalf of a major Canadian REIT.