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.