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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.
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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.