Smart REIT (formerly Calloway REIT) has acquired Haney Place Mall, one of Maple Ridge’s largest enclosed shopping centres, for $57,600,000. The mall is 190,000 SF and is located in the town centre area of Maple Ridge. It was originally built in 1981 and renovated in 1993. Anchors include Thrifty Foods and a soon to be opened Walmart in the now vacant Target space. Rexall is one of the more recent tenants. The seller was Vancouver based Narland Properties.

Further detail regarding the sale can be found in this Maple Ridge News article.

A highly coveted office building and adjacent development site has sold to Peterson Group for $41,000,000. The property, located at the corner of Granville and West 10th Avenue, was owned by BMO and offered for sale by BMO through Form Retail in the spring of 2015.

The offering included the 5-storey, 45,000 SF office building built in 1973 on the corner anchored by BMO, and the adjacent 16,000 SF parking lot, which can be developed under the current RM-3 zoning. It was anticipated that BMO would enter into a 10-year leaseback as part of the deal.

A Kerrisdale retail building that was previously on the market for $4,980,000 has sold for $5,090,000. More commonly known to locals as the old Finn’s of Kerrisdale, the 5,081 SF building at 2159 West 41st Avenue sold for over $1,000 per SF to Yuan Fan International Group Inc. The property is zoned C-2 and is located in the heart of Kerrisdale’s 41st Ave retail stretch. This is not a record value for a Kerrisdale investment property; several buildings have traded for well over $1,000 per SF in the past few years.

A leasing brochure indicates that the new owner plans to renovate the building. Half of the retail has already been leased and the other unit is available for lease for $50.00 per SF.