Richport Town Centre, a large strip retail and office complex located on a 5.37 acre site on Ackroyd Road has sold for a reported $74,800,000.

The property contains 116,426 SF of rentable area and is anchored by Chapters Books, Royal Bank, Starbucks, Pennington Superstore, and City Fresh Market and many other retail and office uses.

I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of 3060 Edgemont Village. The property is fully leased to the Bank of Montreal on a long-term basis.

A retail property with redevelopment potential located on Kingsway in Vancouver’s Norquay Village area has sold for $8,580,000. The 13,750 SF strip plaza is leased to mostly local tenants. The 26,936 SF site is zoned C-2. On a land basis, the site sold for $127 per buildable SF.