Acquisitions

1055 Vernon Drive, Vancouver, BC

January 26, 2017
Industrial
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of 1055 Vernon Drive, acquired in partnership with PC Urban Properties Corp. (www.pcurban.ca). The 34,848 sf site is located at the corner of Parker Street and Vernon Drive in the Strathcona neighbourhood of Vancouver, British Columbia.

Special Thanks To:

  • PC Urban (Joint Venture Partner)
  • Brokers: Steve Fame and Matt Smith (Colliers)
  • Finance: Derek Campbell (Citifund)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Director 778-383-6937
Alex Messina
Alex Messina Acquisitions Manager 778-383-4020
Shaun Blythen Senior Acquisitions Analyst 604-558-5500

About Nicola Crosby

Nicola Crosby Real Estate, a subsidiary of Nicola Wealth Management Ltd., sources properties for the SPIRE Real Estate portfolios. For a complete listing of our portfolio please visit www.nicolacrosby.com.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, hotel, 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.”

About PC Urban

PC Urban is a Vancouver-based real estate investment and development company that is inspired by unrealized potential in commercial, industrial and residential properties.  PC Urban thrives on solving the complexities of urban development and creating extraordinary results.  We call this process property re-imagined, and it’s key to bringing every property its true purpose. The principals of PC Urban have acquired indispensable skills and first-hand experience creating and overseeing a multitude of commercial and mixed-use developments throughout BC, Western Canada and Washington State. These projects encompass all forms of real estate; industrial/commercial, retail and residential.