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7.5-acre Coquitlam land assembly fetches $140 million

The Coquitlam College site and 11 adjacent single-family residential lots were acquired by a developer in a deal that started In 2021 and closed in 2022.
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CBRE, Vancouver, for Western Investor

Property type: Land assembly

Location: 516 Brookmere, (and adjacent lots) Coquitlam, B.C.

Land size: 7.5 acres

Potential: Buyer will file a rezoning application for high-density under the Burquitlam Lougheed Plan.

Price: $140 million

Buyer: Onni Group, Vancouver

Seller: Coquitlam College, Coquitlam, B.C.

Brokerage: CBRE, Vancouver.

Broker: Alan Shapiro