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Langley’s Logan Lake Plaza sells for $57.25 million

The retail property covers 76,831 square feet on 7.4 acres and is anchored by nine national tenants in the centre of Willowbrook shopping district in Langley, B.C.
Royal Pacific Realty, Vancouver, for Western Investor

Property type: Retail centre

Location: 20020 and 20055 Willowbrook Drive, Langley, B.C.

Number of units: 9

Size of property: 76,831 square feet (leasable).

Land size: 322,780 square feet

Land size in acres: 7.41 acres

Zoning: C1

List price: $59 million

Sale price: $57.25 million

Date of sale: May 5, 2022

Type of deal: Off-market

Brokerages: Royal Pacific Realty, Vancouver (seller’s agency); Avison Young, Vancouver (buyer’s agency).

Brokers: Jordan Guo, Royal Pacific Realty; Bal Atwal, Avison Young.