Peninsula Crossing, a 6,455 SF strip retail centre located at 24th Avenue and 152nd Street in South Surrey has been sold by David Taylor and Simon Lim of Colliers. The purchase price was $3,450,000, representing $534 per sq ft, and approx. 5.0% cap rate. The purchaser was a local investor. The property was fully leased to national and local tenants, including 7-Eleven.
Contact us for more information regarding opportunities in this area.
Target announces B.C. store locations.
The U.S. Department store chain Target announced today it intends to open dozens of stores in Canada and 18 in B.C. by March or April of next year.
Target intends to announce additional locations over the next several months, the company said in a press release today. They include: