A strip mall located at 8989-8999 Young Road in Chilliwack has sold for $5,675,000, equating to a 5.60% cap rate.

The 18,127 SF building is fully leased and located on a 32,255 SF site. The OCP for the site allow future redevelopment for up to 4-storeys residential mixed-use.

Jack Allpress and Joey Yoo of Marcus & Millichap represented the Sellers in the transaction.

Colliers has completed the sale of a mixed-use development site located at 2245 McAllister Avenue in Port Coquitlam, as reported on by Storeys. The site, previously owned by Quarry Rock, is approved for a 5-storey, 80-unit project with 19,000 SF of retail at grade. It was sold to Northstar Development for $11,600,000 or $168 per buildable SF based on the approved application.

Hart Buck and Jennifer Darling listed and sold the site.

Shato Holdings has acquired Willowbrook Park Shopping Centre in Langley from Valley Properties in a $136,975,000 deal that closed in January 2025.

The property was listed and sold by Stu Morrison and Randy Heed of Colliers.

The centre comprises 193,785 SF situated on three properties totaling 20.15 acres and is adjacent to the Willowbrook Shopping Centre (commonly referred to as Willowbrook Mall), the area’s regional shopping centre of over 640,000 SF. The property is anchored by Safeway and is 90% leased to national retailers.

The projected 2025 NOI for the property is $5.5 Million, equating to a 4.0% going-in cap rate.