The building occupied by Edmonds Appliance in Burnaby has been sold, for $2,650,000, or $250 /SF. The 10,687 SF building is located on a 20,000 SF site and had been listed for sale for $2,950,000. The property is zoned C-4. Edmonds Appliance will be relocating.

Courtesy Globe & Mail:

“Canada Pension Plan Investment Board has struck a deal for its first real estate investment in the Nordic region.

SmartCentres has submitted an application to the City of Richmond to build a open-format shopping centre on a 17-acre site in the West Cambie area of Richmond. The project, known as Central at Garden City, is located on Garden City Road between Alderbridge and Alexandra Road. The site is proposed to be developed with a 3-storey, 162,000 SF Wal-Mart, a 4-storey retail/parkade structure, and several 1-2 storey retail buildings centred around a High Street running through the site. There will be 20-70 CRU’s and a total leasable area of 372,000 SF.

SmartCentres had initially made a rezoning application in 2003, but was delayed due to a variety of issues including assembly of lots and the development of the West Cambie Area Plan by the City of Richmond.

Source: City of Richmond