Acquisitions

450 – 494 Railway Street, Vancouver, BC

January 17, 2017
Industrial
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of a 30,000 sf development site in Railtown, in partnership with Rendition Developments Inc. and Omicron Development Inc.

Railtown, one of Vancouver’s original industrial districts, is defined by its collection of historic building forms and unique street patterns.  It is the home of creative design firms such as Aritzia and Herschel Supply and Vancouver’s growing tech community.  The new development will comprise approximately 150,000 square feet of light industrial, office and creative manufacturing space.

 

Special Thanks To:

  • Rendition Developments Inc. (Joint Venture Partner)
  • Omicron Development Inc. (Joint Venture Partner)
  • Brokers – Robert Tham & Marc Saul (Corbel Commercial)
  • Financing – 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.”