28,000 SF Office & Retail Building in Surrey Sold by NAI Commercial for $7.6M

Ken Kiers and Don MacDonald of NAI Commercial – Langley has recently sold an Office & Retail Building with 26 units on 6820-188th Street, Surrey, British Columbia for $7,600,000. The building size is 28,000 SF on 1.413 acres. This 6 year old building is located in a high density neighborhood in the busy Clayton Area of Surrey, BC.

NAI Commercial sales a $4.9 million industrial lot of 607,653 SF which belonged to Shell Canada

NAI Commercial, represented by Alhassane Bah, announces the sale of two lots belonging to Shell Canada for $ 4,900,000. These two lots have a combined area of 607,653 ft² and are located near Montreal Port and Highway 25. NAI Commercial was representing both parties in the transaction which last over 3 years. More >

Sale of a 2.5 million institutional property in Montreal (Quebec)

NAI Commercial, represented by François Paquin and Benoit Jacques, is proud to announce the sale of 11015, Tolhurst Street, an institutional property in Montreal.This sale allowed the relocation of the students from the Commission Scolaire de Montréal, following future renovations.
Furthermore, the sale allowed the relocation of the seller, Centre Pédagogique Lucien-Guilbault, to a new construction on Louvain Street, in Montreal-East. More >

Porfolio Sale of 4 Apartment Buildings in Quesnel, BC by NAI Commercial

NAI Commercial is pleased to announce the portfolio sale of apartment buildings with a total of 156 Units on 6.18 acres in Quesnel, BC by Vice President of NAI Commercial, Peter Seed.

The portfolio sale contains 4 apartments buildings is located in 2 locations on 525 – 575 Doherty Drive & 951 – 1051 Abbott Drive, Quesnel, BC. This apartment building portfolio has been successfully sold three times in the last three years by NAI Commercial.

Welcome to NAI Commercial 2015 Q2 Report on Office Space in Metro Vancouver

The second quarter is very much a mixed bag: While there were increases in space during the quarter, there was also a small – but nonetheless positive – absorption of space, countering a fairly well-established negative absorption trend.

Most of the activity has been in smaller spaces of 5,000 square feet, or less. There were only two transactions of greater than 20,000 SF. You could say that small space rentals and leasing are the defining characteristics of the Metro market.

A look at historical data shows that we are far removed from historical low vacancy rates, which we experienced in 2008. Despite the flat demand and continuing growth in available space, average gross rental rates have been mostly stable for the past five or six years.

Please take a few minutes to read our Q2 Report. It could help you in negotiations when you have space to lease – or need to find new office space!


New on the market! Industrial building for sale or for lease, Candiac (Quebec)

NAI Commercial, represented by Paul-Éric Poitras and Gabrielle Saine, has been mandated exclusively for the sale or lease of 130 de l’Isère, Candiac (Quebec).
Built in 2012, this 15,402 sq ft Class A building has a fenced yard and is located near Route 132.

The asking sale price is $1,900,000 and the asking rental rate is $8.50 net/sq ft

Please review the listing flyer and/or contact the listing real estate brokers. More >

Sale of Multi-Residential Property in Montreal for over $2.1M by NAI Commercial

Sale of a 21 units multi-residential property on Edouard-Montpetit Boulevard. Montreal (Quebec)

NAI Commercial, represented by Alain Côté, is proud to announce the sale of a 21 units multi-residential property, on Edouard-Montpetit Boulevard, at a price of $ 2,150,000.

The transaction was completed in less than 90 days, both parties were represented by NAI Commercial. More >

Conor Finucane joins NAI Commercial

Vancouver, B.C. – [15/06/2015] – Conor Finucane has joined the Office Leasing and Investment Sales Team at NAI Commercial, a member of the world’s largest managed network of commercial real estate firms. Conor brings over 10 years of experience and a client-centred consulting approach to commercial real estate.

“We are delighted to welcome Conor to NAI Commercial,” says Managing Partner Rob DesBrisay. “The improving economy and strong outlook for commercial real estate continue to create new opportunities for our clients. Conor adds an exciting dimension of experience and market connectivity to our business.”

Conor has specific experience in commercial real estate, particularly Vancouver’s Downtown, Gastown and Broadway Corridor office markets. He joins NAI Commercial from DTZ Vancouver, where he started his career as Research Director before moving into Office Leasing and Investment Sales.

Conor holds a Bachelor of Commerce from McGill University, with a major in Finance and Entrepreneurship.

Vancouver Downtown Core Jameson House Office Unit Sold by NAI Commercial for over $4.7 M

Alf Sanderson and Delon Cheung of NAI Commercial Vancouver office concluded the sale of the entire 8th floor office unit with area of 7,416 SF in Jameson House on 838 West Hastings in Vancouver, B.C. The transaction value was $4,750,000.

Designed by world renowned architectural firm Foster and Partners, Jameson House office tower is located at downtown Vancouver. The office unit features exposed architectural concrete ceilings with suspended ambient lighting, opening windows and a raised floor system for power, data and air. Floor-to-ceiling glazing on three sides provides abundant natural light.

NAI Commercial attended 2015 ICSC Quebec

Once again this year NAI Commercial was pleased to have a booth at the ICSC Quebec Conference held at the Westin Montréal, June 10th & 11th 2015.

NAI Commercial made a good impression on active provincial and national developers and retailers. Presenting a wide variety of real estate located across Canada allowed us to consolidate our image as a national and international network. More >