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.
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.
We are pleased to re-introduce Westwood Square, an 18,000 SF retail and office property located on Westwood Street in Port Coquitlam. The asking price has been reduced from $9,800,000 to $8,800,000.
Please click here, contact us for further information or to access the data room.