Burnaby site biggest B.C. industrial deal in Q1

The $140 million deal for 19-acre site includes 258,933 square feet of industrial space and potential for development near SkyTrain station.

Colliers International for Western Investor
June 25, 2020

Biggest industrial sale in QI
— Colliers International for Western Investor
Property type: Industrial
Location: 7725 Lougheed Highway; 3131-3171 Lake City Way, Burnaby, B.C.
Property size: 258,983 square feet
Land size: 18.97 acres
Potential: Higher density development 
Date of sale: February 14, 2020
Sale price: $146 million
Buyer: Larco Investments Ltd. 
Brokerage: Colliers International, Vancouver
Brokers: James Lang, Simon Lim and Stuart Morrison

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