Acquisitions

5495 Regent Street Acquired in Burnaby

July 8, 2016
Industrial
Purchased: 2016

Nicola Crosby, a subsidiary of Nicola Wealth Management Ltd., is pleased to announce the acquisition of 5495 Regent Street in Burnaby, British Columbia, acquired in partnership with PC Urban Properties Corp.

The 4.04 acre site is centrally located on the northwest corner of Regent Street and Douglas Road in the heart of the Still Creek industrial area of Central Burnaby, British Columbia. Located between the Trans-Canada Highway to the south and the Lougheed Highway to the north, the property is ideally situated to allow for quick and convenient access to all areas of Metro Vancouver.

Special Thanks to:
Broker – John Lecky, Ryan Kerr and Kevin Kassautzki (Avison Young)
Partner – PC Urban

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Director, Real Estate 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions,
Real Estate
778-383-4020
Shaun Blythen Acquisitions Manager,
Real Estate
604-558-5500

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”