I’m pleased to announce the sale of 3030 Gilmore Diversion in Burnaby. This 47,000 SF office building is located on a 1.5 acre site.
The sale price was $16,200,000.
Sightline Properties has acquired an assembly of 24 single family lots in East Vancouver comprising two city blocks between East Broadway and East 10th Avenue at Kaslo Street.
The properties are located in a high-density residential subarea of the Rupert and Renfrew Station Area Plan, which is in the final stages of public consultation before an expected council adoption of Summer 2025.
The total combined acquisition price for the 24 lots is $91,700,000, or an average of approx. $3,800,000 per lot.
A vacant 15,000 SF, two-storey office building at 1285 Franklin Street in East Vancouver has sold for $10,550,000, or $695 per SF. The purchaser is Freedom Mobile Inc.
The building, located half a block West of Clark Drive, had previously been listed for sale for $11,000,000. It is fully furnished with high quality improvements. The lot size is 15,762 SF.
Jones Lang Lasalle acted as agent in the sale.