Acquisitions

500 Brooksbank Avenue, North Vancouver, BC

November 23, 2017
Industrial
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of 500 Brooksbank Avenue in North Vancouver, BC. The property is comprised of a four-storey office building and adjoining industrial facility totaling 95,955 sf of rentable area, situated on a 2.6 acre site.

The property was acquired through a sale-leaseback with Honeywell Limited.

Special Thanks To:

  • JV Partner – MDC Property Services
  • Brokers – Stirling Richmond & Kevin Nelson (CBRE)
  • Financing – Derek Campbell (Citifund)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Partner & Director 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions 778-383-4020
Shaun Blythen Acquisitions Manager 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.”