Vancouver's Largest Industrial Project Opens

Metro Vancouver’s largest spec development has officially opened its doors, despite the fact that leasing action was “eerily quiet” during the winter months. (In its defense, we ignore a lot of things that happen in the winter, like us promising to never live in Vancouver again.)

That quiet is changing, CBRE’s Chris MacCauley tells us. Boundary Bay Building One just opened its doors to Apps Cargo, the logistics company that took 110k SF of the 450k SF of available space. Construction on Building Two—also 450k SF—is slated to start this summer. “Leasing activity really picked up over the last two weeks,” Chris says. “Several groups are looking but nothing firm yet.”

The project, located in South Delta, close to the new South Fraser Perimeter Road (four-lane trucking transportation route that opened in December), is the first spec project with 36-feet ceiling heights. (Will this convince the Grizzlies to come back?) Building One has 78 dock-height loading positions. The project is also in close to Deltaport, Canada’s largest container terminal.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Vancouver Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Blackstone Sells $1B Industrial Portfolio To Atlanta-Based Investor

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push