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Sale of Suburban Vancouver Office Property Raises Prospect of Redevelopment

Burnaby Building Leased by Provincial Agency Sold for $112.5 Million
The three-storey office building at 1795 Willingdon Ave. was sold for $112.5 million. (CoStar)
The three-storey office building at 1795 Willingdon Ave. was sold for $112.5 million. (CoStar)
CoStar News
June 1, 2022 | 7:16 P.M.

A Vancouver-area office property with a provincial tenant and development potential in a hot suburban planning area was sold for the highest price reached in the past year, pointing to an enduring lure for investors amid positive signs for urban-edge office space.

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