Vancouver-based developer Reliance Properties has paid $14.6 million in an off-market transaction for a landmark Victoria office building, reports Colliers International. The building was completed in 1940 in the Art Deco style.
Breakdown:
Type of property: Office building
Location: 780 Blanshard Street
City: Victoria B.C.
Building size: 38,000 square feet
Lot size: 26,070 square feet
Sale price: $14.6 million
Date of sale: September 6, 2019
Buyer: Reliance Properties
Brokerage: Colliers International
Brokers: Erin Glazier and Michael Miller (buyer’s agents)
