Reliance Properties has acquired The Pemberton Building, 744 West Hastings Street in Downtown Vancouver, B.C. The building is a 65,000 sq ft, 8-storey C-Class office building built in 1912.

The purchase price was $19,000,000, representing $291 per sq ft.

Ted Mildon and Derek May of Colliers acted on behalf of the Vendor and Purchaser in the transaction.