Shopping plazas in Vancouver, Coquitlam up for sale
Vancouver's International Village is seen in this screenshot from Google Maps.
CTV News Vancouver
Published Thursday, April 4, 2019 12:47PM PDT
Last Updated Thursday, April 4, 2019 12:55PM PDT
Vancouver's International Village shopping plaza is up for sale, as are two similar properties in Metro Vancouver.
Located at West Pender and Abbott streets, International Village sits on 3.38 acres of land and boasts more than 195,000 square feet of rentable space.
"International Village’s vast retail space and superb location is remarkably under-utilized in its current form," commercial real estate group CBRE said in a brochure for the property. "Investors are offered the opportunity to dramatically increase International Village’s visitation and revenue by implementing a new space planning and tenant positioning strategy."
Paris Square, located directly across Abbott from International Village, is also up for grabs.
That the mixed-use retail and office plaza is listed at 80,161 square feet and features 163 parking stalls.
"Located next to International Village at the gates of Chinatown, Paris Square’s grocery and local restaurant tenants provide a secure and reliable income stream as they attract both daily SkyTrain commuters as well as local area residents," CBRE said.
Over in the Tri-Cities, Coquitlam's 143,000-square-foot Henderson Place Mall is also up for grabs.
The property has 656 parking stalls and presents a sound investment opportunity in the city's growing centre, according to CBRE.
"Coquitlam Town Centre has experienced 20 per cent population growth in the past five years, with another 18 per cent expected by 2021," the real estate group wrote.
"This exceptional location with high-density zoning offers investors the opportunity to redevelop and reposition the mall as a lively mixed-use shopping destination that will anchor the Coquitlam Town Centre commercial area."
CBRE is offering the three properties as a package it's calling the "Henderson Retail Portfolio."
In total, the listings offer more than 400,000 square feet of leasable space and nearly 1,400 parking spots.
There are no prices listed for the properties.