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Done Deals highlights: April 2020

Our top commercial real estate transactions from Western Investor's latest print edition
DD lake country lofts

Below are highlights of the Done Deals in Western Investor's April print edition. Click through to the DEAL live link for more information and images.

 

FROM | Institutional Property Advisors (IPA), a division of Marcus & Millichap, Edmonton. IPA agents Bradyn Arth, Paul Chaput, Bradley Gingerich and Jane Woertman report the following:

DEAL | 71-unit Lake Country Lofts, on 1.9 acres on Bottom Wood Lake Road, Lake Country, B.C. Price: $20 million.

 

FROM | Russell Hendrix Edmonton and Imperial Equities Inc. The following private sale was reported:

DEAL | 71,381-square-foot Russell Hendrix Building in West Edmonton, purchased by Imperial Equities. Price: $7.36 million

 

FROM | Frontline Real Estate Services, Surrey. Frontline agent Mike Harrison reports the following:

DEAL | 2.34-acre site Langley, zoned for a 44-unit townhouse development. Price: $9.2 million.

 

FROM | Varing Marketing Group /Homelife Glenayre Realty Co. Ltd,, Abbotsford. Homelife Glenayre agent Joe Varing reports the following:

DEAL | 1.52 acres on 204 Street, Surrey, zoned for townhouse development. Price: $4.95 million.

DEAL | 11,559 square feet of land on 152 Street within Surrey’s planned SkyTrain corridor, with higher-density zoning expected. Price: $2 million.

 

FROM | Re/Max Complete Commercial, Red Deer. Re/Max agent Cam Tomalty reports the following:

DEAL | 15,156-square-foot office building on a 1.28-acre lot on Bremner Avenue, Red Deer. Price: $3.15 million.

 

FROM | Regent Park Realty, Vancouver. Regent Park agent Suraj Rai reports the following:

DEAL | Three-lot land assembly on 53A Avenue, Langley, sold at a land value of $150 per square foot. Price: $4.2 million.

 

FROM | CBRE, Vancouver. CBRE agent Ed Ferreira reports the following:

DEAL | 4,480-square-foot industrial building on a 6,039-square-foot lot at 336 West 5th Avenue in Vancouver’s Mount Pleasant neighbourhood. Price: $5.5 million.

 

FROM | Avison Young, Edmonton. Avison Young multi-family principals Jandip Deol, Amit Grover and Brandon Imada report the following:

DEAL | Two rental apartment buildings with a total of 171 units on a 3.43-acre lot on Windermere Way SW, Edmonton. Price: $40 million.

 

FROM | Goodman Commercial Inc., Vancouver. Goodman agents Mark Goodman and Cynthia Jagger report the following:

DEAL | An older 10-suite rental apartment building, West 4th Avenue, in North Vancouver’s Lower Lonsdale neighbourhood. Price: $3.7 million. 

 

FROM | NAI Commercial, Vancouver. NAI agent Brian McKenzie reports the following:

DEAL | 922-square-foot office strata unit, on Davie Street in Vancouver’s Yaletown neighbourhood. Price: $1.34 million.

 

FROM | Macdonald Commercial. Macdonald Commercial agent Sam Emam reports the following:

DEAL | Four-unit retail strip mall on 0.38-acre lot, Edmonds Street, Burnaby, sold for development. Price: $3.42 million.

 

FROM | Macdonald Realty Ltd., Coquitlam. Macdonald Realty agent Wayne Tullis reports:

DEAL | 7,491-square-foot office building on a 9,458-square-foot lot on Austin Avenue, Coquitlam. Price: $4.25 million.