Office Space 2014 by GLACIER MEDIA DIGITAL LIMITED PARTNERSHIP dba BUSINESS IN VANCOUVER

CADILLAC STYLE Supercharged space revs Pacific Centre | 16

HUMAN SCALE Workspaces designed for active bodies | 34

ROOFTOP REDUX Parks and cafés capping office towers | 40

OFFICE SPACE

BOMA BC LEASING GUIDE | COMMERCIAL REAL ESTATE 2014 PUBLISHED BY

OFFICIAL FICIAL PUBLICATION

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

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BOMA BESt | CREATING CANADA’S GREENEST, CLEANEST BUILDINGS | 26

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Avison Young is proud to be recognized for the third year in a row as one of Canada’s Best Managed Companies

A Different Approach to Commercial Real Estate At Avison Young, we know the status quo is no longer acceptable. Clients want something different, something better, a new approach to their real estate. So we’ve aligned our structure in a collaborative model focused on client performance and satisfaction. The Avison Young difference translates into intelligent solutions that deliver a better client experience – and better results. Learn more about how our approach might help you at:

avisonyoung.com Avison Young is the world’s fastest-growing commercial real estate services firm, now with 56 offices across North America, providing a full range of value-added services globally to real estate owners and occupiers.

Partnership. Performance.

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CONTENTS FEATURES Reviving Pacific Centre Taking it higher BESt behaviour Interior design on a human scale Raise the roof Suburban seduction Electrified windows On guard for thee

REVIVING PACIFIC CENTRE

Vancouver’s biggest office landlord gives iconic downtown site a facelift

COLUMNS

CADILLAC STYLE Supercharged space revs Pacific Centre | 16

16 22 26 34 40 48 54 56

RAISE THE ROOF

Office developers finding new, cost-effective – and eyecatching – uses for rooftops

Fleguel—46

Smithies—52

BRIEFS

10, 12

INFOGRAPHICS

B.C.’s BIGGEST Security companies Commercial property managers Commercial real estate brokerages

62 64 66

DIRECTORIES Office buildingss Industrial/office parks

TAKING IT HIGHER

68 86

HUMAN SCALE Workspaces designed for active bodies | 34

ROOFTOP REDUX Parks and cafés capping office towers | 40

OFFICE SPACE

BOMA BC LEASING GUIDE | COMMERCIAL REAL ESTATE 2014 PUBLISHED BY

OFFICIAL FICIAL PUBLICATION

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

BOMA BESt | CREATING CANADA’S GREENEST, CLEANEST BUILDINGS | 26

PUBLISHER: Paul Harris EDITOR-IN-CHIEF: Fiona Anderson EDITOR : Frank O’Brien GRAPHIC DESIGN: Randy Pearsall PROOFREADER: Meg Yamamoto WRITERS : Nelson Bennett, Susan M.

Boyce, Brady Fleguel, Noa Glouberman, Glen Korstrom, Peter Mitham, Frank O’Brien, Warren Smithies, Jacob Zinn PRODUCTION: Rob Benac VP SALES: Kerry MacDonald SALES MANAGER: Joan McGrogan ADVERTISING SALES : Lori Borden, Corinne Tkachuk ADMINISTRATOR: Katherine Butler SENIOR RESEARCHER: Anna Liczmanska CONTROLLER: Marlita Hodgens PRESIDENT, BIV MEDIA GROUP: Paul Harris Office Space 2014 is published by BIV Magazines, a division of BIV Media Group, 102 Fourth Avenue East, Vancouver, B.C. V5T 1G2, 604-688-2398, fax 604-688-1963, www.biv.com. Copyright 2014 Business in Vancouver Magazines. All rights reserved. No part of this book may be reproduced in any form or incorporated into any information retrieval system without permission of BIV Magazines. The list of services provided in this publication is not necessarily a complete list of all such services available in Vancouver, B.C. The publishers are not responsible in whole or in part for any errors or omissions in this publication. ISSN 1205-5662 Publications Mail Agreement No: 40051199. Registration No: 8876. Return undeliverable Canadian addresses to Circulation Department: 102 Fourth Avenue East, Vancouver, B.C. V5T 1G2 Email: subscribe@biv.com Cover: Exchange Tower, Vancouver, by Credit Suisse Real Estate Management

BESt BEHAVIOUR

OFFICIAL PUBLICATION

BOMA Canada’s environmental certification program continues to grow and evolve

With a major expansion underway, Cadillac Fairview’s senior commercial property manager faces a challenging year

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

B.C. OWNED AND OPERATED

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INNOVATIVE INSURANCE SOLUTIONS

BFL CANADA INSURANCE SERVICES INC. RISK MANAGEMENT AND INSURANCE SERVICES

Tel: Fax: Email: Web:

THE LEADING INSURANCE BROKER TO THE REAL ESTATE SECTOR Vancouver

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Calgary

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City

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6 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

Editor’s note

A 10TH-ANNIVERSARY CELEBRATION OF TRANSFORMATIVE CHANGE

S Frank O’Brien Editor Office Space 2014

heathed in glass and wired for security and communications from the underground parking to the landscaped rooftops, today’s modern office towers present a beacon of sustainability and innovation in the heart of the city. Perhaps nowhere is this more apparent than in Vancouver, Canada’s green gateway metropolis where some of the world’s top architects, designers and environmental engineers – and the country’s biggest developers – have converged for the largest office building cycle in a century. With more than two million square feet ascending in the downtown zone alone, the humble office space is being transformed, even reinvented, before our eyes. In this 10th-anniversary issue, Office Space magazine celebrates the profusion of talent and commerce that is redefining North America’s contemporary office tower.

K ADDITIONAL EDITORIAL CONTENT AVAILABLE VIA YOUR MOBILE DEVICE’S LAYAR APP EDITORIAL Stats page Design on a human scale Security

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14 34 56

ADVERTISING Bee-Clean Building Maintenace 38 Cadillac Fairview 21, 32 Dundee Realty Management 7 IRC Building Sciences Group 65 McCuaig & Associates Engineers 90 Metro Vancouver 88 Pacific Powertech Inc. 77 Precision Crack Sealing 73

No longer just a place for work, today’s office space is an arena for expression, a crucible of creativity and a pragmatic expression of how environmental awareness, engaged employees and corporate goals can blend beautifully. Electric vehicle charging stations plugged into scores of parking garages. Smarter windows and soaring atriums that track the sun to splash light and views across entire floor plates. All-seeing, invisible surveillance that can recognize a face in a crowd or a crime in process. Tower-topping roofs landscaped into green-spaced plazas and meeting rooms. Vertical office campuses that mingle urban parks, shopping and condominiums, all designed to the human scale. It is all happening right now, right here in Metro Vancouver, and we are proud to celebrate it all in Office Space 2014.

LAYAR THIS MAGAZINE’S PAGES TO LIFE IN FOUR STEPS Office Space is using “augmented reality” to further improve our business content. The technology, which allows users of Apple and Android mobile devices to scan specifically created pages within the magazine, pops up links to extra content, such as videos related to a story, relevant websites, background material or further information about the businessperson being interviewed. Look for the Layar logo on the bottom of the page.

Go to get. layar.com to install the app on your smartphone

Open the app, get the whole page in view and press the “Tap to view” button

Look for pages and content with the Layar logo

Discover an amazing extra layer of related content

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Dream believes in better communities to live in and work in. Our goal is to be Canadaâ&#x20AC;&#x2122;s top real estate investment, development and management company.

VIEW WITH

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8 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

2014/2015 BOARD OF DIRECTORS

Platinum

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

OFFICERS PRESIDENT Robert Kavanagh GWL Realty Advisors Inc. VICE-PRESIDENT Susan Dodsworth SNC-Lavalin O&M Inc. 2ND VP & TREASURER Greg Last Triovest Realty Advisors (BC) Inc. PAST PRESIDENT Derek Page Oxford Properties Group EXECUTIVE VICE-PRESIDENT, BOMA BC

Paul LaBranche DIRECTORS Branko Bejo Securiguard Services Ltd. Natalie Bishop Ivanhoe Cambridge II Inc. EVENTS & EDUCATION Each year BOMA presents four seminars, eight networking luncheons, seven technical lunch and learns, four events for “under 40s”, a golf tourney, an awards gala and a Christmas luncheon.

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2014 BOMA CORPORATE SPONSORS Mott Electric

Jack Hole Haakon Industries Richard Lui Polaris Realty (Canada) Ltd. Petra Pockay Bentall Kennedy (Canada) LP Warren Smithies Martello Property Services Inc. Roger Steers Read Jones Christoffersen Ltd. Lillian Tummonds Cadillac Fairview Corp. Ltd.

Gold BFL Canada Insurance Services Inc

DTZ, a UGL company

Silver ESC Automation Inc. Corporate Electric Ltd. Trane Northwest

Morguard Investments Ltd. Broadway Refrigeration & Air Conditioning Co. Ltd.

BOMA VICTORIA CHAPTER PRESIDENT

Brenda Bolwyn Colliers International

There’s something for everyone. Learn more at www.boma.bc.ca/ events-sponsorship/event-calendar

Bronze Tyco Integrated Security Manulife Financial Real Estate Waste Management SerVantage Services Corp. Alpine Building Maintenance Inc. Cadillac Fairview Corp. Triovest Realty Advisors (BC) Inc. Theodor Sterling Associates Ltd.

Somatic HVAC Solutions Royal Centre (BOPC) Inc. Chubb Edwards Envirosafe Janitorial Inc. Priority / ETD Building Services Ltd. Bee-Clean Building Maintenance Control Solutions Ltd.

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Briefs

New “V4” LEED rolling out

Government cutbacks hit Victoria office leasing

he U.S. Green Building Council has launched its new Version 4 – or “V4” – of LEED (Leadership in Energy and Environmental Design). V4 is a result of five years of development and 22,000 public comments, according to the council. There are 20 large LEED projects complete in B.C. and at least two dozen under construction, potentially including all of the biggest new office towers being built in downtown Vancouver. In V4, several LEED categories have been altered and nearly all the forms, documentation, website and reference guide have new information and a new look. Some aspects have been simplified, such as LEED re-certification, which under V4 requires only submission of performance data.

Telus Garden tower is being built to LEED Platinum standard | TELUS

LEED V4 also introduces a new rating system for neighbourhood development and metering of energy and water use. Another area of V4 demands information on waste management and diversions from landfills, both during construction and after occupancy. Building owners and developers have until June 1, 2015, to register under the V4 LEED

Fire-rated glass allows views into stairwells

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Victoria office vacancies are at 16-year high as province trims office leasing | TOURISM VICTORIA

helped in leasing space the government is leaving behind, according to leasing agents. An example, Law says, is a 26,000-square-foot space on Johnson Street that the province vacated in 2013. That space remains dark, helping to push Victoria’s vacant space to 793,000 square feet and the vacancy rate to a 16-year high of 9.2 per cent.

$459 million in offices sold

B.C.

tandard window glass will fail when temperatures reach 120 C. Tempered or fireprotective glass can last until about 250 C. In contrast, fireresistant glass can typically survive heat in excess of 870 C (1,600 F.) and give protection equal to a solid wall. Therefore, pressure for greater safety has combined with modern design esthetics to heat demand for fire-rated glazing in high-rise towers. This can be seen in glassedwall stairwells used in some modern office buildings, notes California-based safety glazing expert Kate Steel of Steel Consulting Services, who addressed a recent Surrey seminar on fire-rated glass. Steel says that stairwells are the mandatory escape route during a high-rise fire, so they are traditionally made of noncombustible concrete. The problem is that during a fire,

utbacks by the provincial government have driven Victoria’s office vacancies to record levels, commercial real estate agents confirm. “The amount of vacant office space in Victoria is at an alltime high,” says Bob Law, an office specialist and broker with Colliers International in the capital city. “The increase can be directly traced to government downsizing.” A provincial government spokesman said there is no official policy to reduce space, aside from budget constraints. The provincial government accounts for 3.6 million square feet, or about 53 per cent of Victoria’s office inventory – much of it in Class B buildings – but it has been reducing its footprint in recent years. An economic slowdown hasn’t

Fire-rated glass can give the protection of a solid wall | FENESTRATION ASSOCIATION OF BC

those escaping via dark stairwells cannot be seen by first responders. The use of fire-resistance glazing – glass that can provide protection from flame and heat for up to two hours – allows both sight lines into the stairwell and light for those escaping the fire. Another spark for fire-rated glazing is bylaws that require buildings in close proximity to have fire-resistant facades, Steel notes.

office investment sales activity slowed in 2013 compared with previous years as 22 properties valued at $459 million changed hands, according to Avison Young. There were also significantly fewer opportunities to acquire institutional quality assets. The sale of only six Class B/C office buildings in downtown Vancouver in 2013 limited overall dollar volume. This was a marked departure from 2012, which registered 31 office transactions valued at $968 million and featured 14 downtown office properties, including Class AAA assets. Many of the office sales in the second half of 2013 represented a desire by investors to achieve some representation downtown, and those vendors who sold were rewarded handsomely. All downtown office product that became available sold at very strong pricing. The lack of quality assets was further underlined by the total

1122 West Pender Street, Vancouver, sold for $30 million in November 2013 | VANCOUVER OFFICE SPACE

absence of institutional buyers in 2013. Overall, B.C. commercial real estate remained a preferred option for investors last year, with 119 transactions – a record number of annual deals – and proceeds of more than $2.1 billion. This marked the second straight year that B.C. commercial real estate investment exceeded $2 billion, Avison Young states in its report on commercial real estate transactions.

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Briefs

Vacancies to rise in three western cities

Sitting is the new smoking

n a projection for office vacancy rates in the three largest western cities, analysts see inventory growing in two and tightening in the other. ■Vancouver has more than two million square feet of new office space under construction, but 60 per cent of it is already leased. Vacancy rates are expected to rise to the 10 per cent range by 2015. ■Weak demand will continue to characterize Calgary’s central office markets over 2014. Calgary’s premium-class vacancy rate is projected to rise to 6.7 per cent by the end of 2014, and reach 7.3 per cent by the fourth quarter of 2015. Rental rates should decline modestly. ■In Edmonton, vacancy rates will rise with the arrival of new office buildings, which represent the biggest new supply in

Downtown Edmonton: 2014 a “game-changer” for office sector | EDMONTON REAL ESTATE

two decades. The vacancy rate for premium space is expected to peak at 8.7 per cent in early 2014 and then fall to 6.3 per cent by the end of 2015. “We predict 2014 will be a game-changing year for the [Edmonton] office market – one that will bring challenges for older inventory that faces a new competition,” says Avison Young principal Cory Wosnack.

s obesity levels reach record proportions in Canada – though British Columbians remain slimmer than most – more should be done to make workspaces active, human resource professionals say. “Sitting has become the smoking of our generation,” says Nilofer Merchant, a Stanford University lecturer and author of The New How, who says the typical North American adult sits for 9.5 hours per day – more time than they spend sleeping. Medical studies have shown that prolonged sitting leads to back problems, poor blood circulation and excessive fatigue, among other ailments. It is also linked to the tripling of obesity rates in Canada in the past 30 years. Today, between 20 per cent and 24 per cent of B.C.

Private buyers dominate office building action

Six new office towers ascending downtown

rivate investors, not big public companies or real estate investment trusts (REITs), dominate the buying and selling of British Columbia office properties, according to a detailed study by Avison Young. In the overall commercial real estate market in the second half of 2013, private buyers accounted for 80 per cent of all transactions and more than half of the total dollar volume invested, the report discovered. Of the 12 office property sales in the second half of 2013 – worth $294 million in total – all but one involved a private seller and all involved a private buyer. “While REITS have typically not played much of a role in downtown Vancouver’s office market due to low yields, private investors have sought to acquire any quality assets they can,” Avison Young notes. The report concludes that

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Grandview Business Centre, Surrey, was sold to a private buyer for $5.25 million | CROYDEN OFFICE

both suburban markets and the downtown Class B and C properties could see downward pressure on pricing this year and next. “Metro Vancouver remains a seller’s market and those acquiring [office] assets will need the necessary financing, flexibility and nerve to close deals.” Office property sales hit $459 million in 2013, or 22 per cent of the $2.1 billion in commercial transactions across Metro Vancouver.

ix new towers are underway in downtown Vancouver and another four are proposed in the biggest cycle of office construction in 30 years. Those under construction are: ■Telus Garden at 510 West Georgia Street, by Westbank Projects and Telus, which is expected to complete this summer. ■The MNP Tower at 1021 West Hastings by Oxford Properties opens this fall. ■Twin towers at 800 Griffiths Way, by Aquilini Development and Construction, where one tower opens late this year and the second in 2015. ■725 Granville Street – Pacific Centre redevelopment – by Cadillac Fairview, which completes late this year. ■The Exchange, 575 Howe Street, by Credit Suisse AG and Swiss Real Group Canada, will complete late in 2015.

residents are considered obese – and that is the lowest provincial rate in the country, according to the Canadian Medical Association. Noting that the average North American adult stands for only 73 minutes per day, Merchant recommended in a 2013 TED talk that office workers take “walking meetings”, which she said kept minds more active and meetings more productive. Office furniture giant Teknion notes that simply standing instead of sitting can cut the average meeting time by about 50 per cent, which may be the best argument of all.

575 Howe Street is slated to open in 2015 | CREDIT SUISSE AG

■745 Thurlow Street, by Bentall Kennnedy, will open by the summer of 2015. Projects proposed to start when pre-lease commitments are achieved include 980 Howe Street, where Manulife Financial plans a 250,000-squarefoot tower; the 1200-block of Burrard Street, by Jim Pattison Developments and Reliance Properties, with 250,000 square feet of offices; and 320 Granville Street, with 380,000 square feet by Carrera Management Corp.

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We have what you’re looking for Give us a call. Toronto 416 224 3482 Montréal 514 499 7999 ext: 7322 Ottawa 613 234 2865 Calgary 403 296 9406 Edmonton 780 944 1152 Vancouver 604 664 8054

standardlife.ca For the financial realities of life.

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March 2013

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FIVE-YEAR DOWNTOWN OFFICE VACANCY 10%

400,000

9% 8% 7%

3.4% 2.3%

5.5%

6.5%

2.6%

3.9%

5.7%

5.2%

200,000 100,000

3.3%

1.9%

300,000 2.1%

-100,000 -200,000

3.9%

-300,000

-400,000

-500,000 2009

2010

Absorption

2011

2012

2013

Space availablity factor

-600,000

2014F

Vacancy rate

DOWNTOWN OFFICE MARKET 2013 Class

Total Inventory (square feet)

Total vacant (square feet)

Average net rate (per square foot)

AAA

3,596,476

132,340

$30–$48

7,605,870

390,969

$22–$42

6,801,498

421,310

$18–$36

3,350,043

262,691

$15–$26

Total

21,353,887

1,207,310

AVISON YOUNG Developers added approximately 200,000 square feet to Metro Vancouver’s office inventory in 2013. More than 2.2 million square feet of new product is scheduled to come on stream in 2014

TO SEE THE COMPLETE AVISON YOUNG OFFICE REPORT

REAL ESTATE APPRAISERS AND CONSULTANTS I.C.I. Appraisals Development Analysis & Market Studies Expert Court Testimony Arbitration & Rental Reviews Property Tax Agents

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2nd Floor, 602 West Hastings St. Vancouver, B.C. V6B 1P2

www.bcappraisers.com Tel: (604) 689-1233

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| 15

2013 TOTAL REAL ESTATE INVESTMENT SALES

$459m

$1.0b

Office 22%

Retail 47%

$661m

Industrial 31%

METRO VANCOUVER OUTLIER OFFICE PERFORMANCE District

Total inventory (square feet)

Vacancy rate

Absorption 2013 (square feet)

Yaletown

2,023,244

4.0%

19,732

Broadway

6,681,377

5.7%

-16,769

Burnaby

9,181,817

9.1%

-114,783

Richmond

4,200,538

15.4%

167,121

Surrey

2,562,843

17.3%

-137,809

New Westminster

1,551,572

9.3%

178,035

North Shore

1,477,580

8.5%

16,128

ALL INFORMATION COURTESY OF AVISON YOUNG, VANCOUVER

To inquire about our services or to receive our Research Reports

Please call: 604.687.7331

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avisonyoung.com

2014-04-11 10:44 AM

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REVIVING

Cadillac Fairview is building 290,000 square feet of office space above the future Nordstrom department store at 725 Granville Street. James Cheng is the architect

TOM KNOEPFEL |

SENIOR VICE-PRESIDENT AND PORTFOLIO MANAGER FOR WESTERN CANADA, CADILLAC FAIRVIEW

We know that we have the chance of a lifetime to dramatically change the skyline of Vancouver

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PACIFIC CENTRE Vancouver’s biggest office landlord gives iconic downtown site a facelift GLEN KORSTROM

dramatic transformation of a downtown Vancouver city block is taking place at 725 Granville Street. There, ow ner Cad i l l ac Fa i r v iew i s converting nearly 600,000 square feet of space, which operated for decades as a department store, into a mixed-use facility that will be half ofﬁce space.

Tom Knoepfel: “We’re really pleased with the outcome” | CADILLAC FAIRVIEW

Gone is the monolithic white-walled building that some ridiculed as resembling a urinal. In its place are mostly reflective glass facades. The biggest structural difference on the building’s upper four floors will be two giant holes punched into the centre of the building and reaching toward the sky. Each of those two atriums will be about 2,800 square feet, or the size of a tennis court. They will be lined with living walls featuring native plants and will stretch from the fourth floor up past the fifth, sixth and seventh floors, says Cadillac Fairview’s senior vice-president and portfolio manager for Western Canada, Tom Knoepfel.

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Reviving Pacific Centre

Nordstrom will cover three floors and 230,000 square feet with its first B.C. store. Two green-space atriums – each the size of a tennis court and four storeys high – have been punched into the centre of the Pacific Centre makeover

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Structural Engineering Building Science Structural Restoration Parking Facility Design Structural Glass &

Façade Engineering

Image credit: James K.M. Cheng Architects Inc

20 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

Reviving Pacific Centre

Twelve-foot-high windows and glass partitions allow maximum light into offices carved out of the former Sears – and before that Eaton’s – flagship store in the heart of downtown Vancouver

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Cadillac Fairview hired James Cheng Architects principal James Cheng to design the structure in part, Knoepfel said, because executives were impressed with Cheng’s past work in Vancouver. Cheng has played a role in shaping Vancouver’s skyline given his work on prominent towers such as Living Shangri-La, the Shaw Tower and One Wall Centre. “We know that we have the chance of a lifetime to dramatically change the skyline of Vancouver and, within the business core of Vancouver, change the look of a city block,” Knoepfel says. “We’re really pleased with the outcome.” Nordstrom is taking three floors, or about 230,000 square feet, at the site. That includes the ground floor and two floors above. There will be 290,363 square feet of office space above the Nordstrom store and a basement level with about 44,000 square feet of retail space in a 73,000-square-foot floor plate that will be an extension of Pacific Centre’s mall.

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The structure is being built to LEED gold standards – a standard that required Cadillac Fairview to recycle or reuse the 6.8 million kilograms of waste generated by the construction. So, all of the 473 exterior white panels, which formerly lined the structure, were sent to Langley Regional Airport to be used in road building, Knoepfel says. He was as surprised as anyone that a law firm would be the first company to finalize a lease for office space in the building. Knoepfel had expected the first tenant to be one of the many technology or professional service firms that have expressed interest, he says. Miller Thomson LLP’s plan is to move 65 lawyers and more than 70 staff into 48,000 square feet of space on one of the office floors in 2017. “We all get to be on one floor so it will be much easier to collaborate,” says the firm’s Vancouver managing partner, Owen Pawson. He says the exact floor plan has not been finalized but his early vision is to have enough individual offices for 70 lawyers and space for 80 staff. Staff lounges or meeting areas for collaborative groups are likely to face the windows. However, none of the individual offices would face the windows. Instead, they will be inside the floor and be constructed of glass or other transparent or translucent materials to let in natural light. “If we have some offices on the windows, we have the situation where there are some desirable offices and some offices that are not so desirable,” Pawson explains. That’s because the large floor plates have less window perimeter than smaller ones. The site’s office space is on floors that are 17 feet high slabn to slab, and Knoepfel expects some technology companies that take space to opt for exposed ceilings instead of more formal drop ceilings. Windows stretch 12 feet from base to top, allowing in lots of light. Cadillac Fairview has 11 office buildings in downtown Vancouver, making it the city’s largest owner of office buildings and largest office landlord. Its next planned groundbreaking for an office tower is on Cordova Street, next to Waterfront Station, where preliminary plans are to have a 26-storey tower with 350,000 square feet of leasable office space. “We will not break ground on that building until we have a significant pre-lease commitment,” Knoepfel confirms. Ó

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TAKING IT

HIGHER

With a major expansion underway, Cadillac Fairview’s senior commercial property manager faces a challenging year

NELSON BENNETT

s the senior commercial property manager at Cadillac Fairview Corp., Lillian Tummonds is responsible for hundreds of tenants and nearly two million square feet of space. And now her job is getting challenging. With a major expansion underway at Cadillac Fairview’s Pacific Centre, she will soon have a host of new tenants to look after in a flagship, mixed-use complex.

Lillian Tummonds: keeping tenants in place during the biggest office churn in decades | DOMINIC SCHAEFER

“Eventually, I will be the property manager for the office component of that building,” says the 41-year-old Vancouver native. Born and raised in Vancouver, Tummonds attended the University of British Columbia, earning a degree in psychology – which she jokes sometimes comes in handy when dealing with tenants or contractors. After a brief stint in residential real estate, a harrowing experience in retail sales caused her to reconsider her career choice. While working in a jewelery store, she was robbed. Twice. “One time, I was showing a ring and somebody pointed a gun at me and took off with the ring.” Three months after that experience, the store was robbed again.

LILLIAN TUMMONDS |

Tummonds decided it was time for a change. She got a job as a receptionist for Dodwell Realty. She steadily worked her way up to executive assistant and assistant to the property manager, then landed a position at Oxford Properties Group as a property administrator. In 2001 she joined Cadillac Fairview, and by 2007 she had become the company’s senior property manager. Cadillac Fairview, which had been acquired by Ontrea Inc. (owned by the Ontario Teachers’ Pension Plan Board), owns several commercial office buildings in Vancouver, including Pacific Centre and the HSBC building. “We’re one of the biggest [commercial property managers] that own and manage our own properties,” Tummonds explains. “We’re not third-party managers. The

SENIOR COMMERCIAL PROPERTY MANAGER, CADILLAC FAIRVIEW

Now there’s a lot going on. It’s very exciting for the city. It definitely opens more office space for new tenants

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Taking it higher

buildings that Cadillac Fairview manages are owned by our parent company.” Tummonds is responsible for about 200 tenants in seven office towers totalling 1.9 million square feet: TD Tower, 701 West Georgia, Canaccord Financial Place, 777 Dunsmuir, 700 and 750 West Pender and the HSBC building. “My job is basically to make sure my tenants are happy,” she says. That means responding to emergencies like burst water pipes and power outages as well as day-to-day duties. Currently, her job includes working with contractors finishing the Pacific Centre expansion to minimize impacts on current office tower tenants. The retail side of the expansion will see Nordstrom Inc. occupying three floors of the old Sears Canada Inc. building. On the commercial side, there will be four levels of office space. Tummonds is not responsible for retail tenants – just the commercial office tenants. Tummonds says it is an exciting time to be in commercial property management because of the boom underway in new office tower construction. Several downtown office towers totalling more than two million square feet are under construction, including Telus Gardens, the MNP tower by Oxford Properties, the Swiss Real-Credit Suisse tower and Bentall Kennedy’s 745 Thurlow tower. “[Downtown Vancouver] has not had a new office

building, I think, since Bentall 5,” Tummonds says. “Now there’s a lot going on. It’s very exciting for the city. It definitely opens more office space for new tenants.” But that also presents a challenge for people in Tummonds’ line of work. The current vacancy rate for commercial office space in Vancouver is around 5.6 per cent but is expected to go higher as more inventory comes on stream. Derek Page, director of real estate management at Oxford Properties and president of the Building Owners and Managers Association of British Columbia (BOMA BC), says the amount of occupied commercial office space decreased last year as some companies shrank in size. Combine that with several shiny new office towers, and large tenants could find it tempting to move into new digs, which makes Tummonds’ job all the more important, because the key to keeping existing tenants is keeping them happy. “It’s a new generation of product with more efficient systems and better amenities, and if you’re not careful, you can lose tenants to these exciting new opportunities,” says Page, who worked with Tummonds when they were both at Oxford Properties and now serves together with her on the BOMA BC board. “So now more than ever it’s important to retain your tenants.” Page says Tummonds is up to that task, which is just one of the reasons she was brought on BOMA BC’s board of directors. Ó

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BESt

BEHAVIOUR BOMA Canada’s environmental certification program continues its green-inspired evolution

NOA GLOUBERMAN

The Shangri-La tower – the tallest in downtown Vancouver – is one of seven B.C. buildings with Level 4 BOMA BESt certification | SHANGRILA INTERNATIONAL HOTEL MANAGEMENT LTD.

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he Building Owners and Managers Association ( B OM A) of Ca n a d a’s Bu i ld i ng Env i ron menta l Sta nda rds (BESt) prog ra m – developed in British Columbia –gives owners and managers a tool to benchmark their energy, water and waste programs. It has become the country’s largest environmental assessment and certification program for existing buildings.

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BESt behaviour

The Victoria Conference Centre, a Level 4 BESt certificate holder, is a participant in BOMA BC’s new Clean Connect program | VICTORIA CONFERENCE CENTRE

To keep up with the ever-changing real estate sector, BOMA BESt has seen a number of updates since 2005, including the 2012 rollout of Version 2, which added new assessment modules for multi-unit residential buildings, streamlined administrative procedures and introduced

a more rigorous set of requirements for new applicants and those seeking re-certification. BOMA BESt works on a scoring system. Owners and managers are invited to critically assess six key areas of environmental performance and management in their buildings: energy, water, waste diversion and site enhancement, emissions and effluents, indoor environment and environmental management. With four levels of certification, owners and managers can work their way up the ladder by continually lowering their environmental footprint. From performing water and energy audits to implementing recycling programs and training maintenance staff in environmental best practices, the program provides an opportunity to run ever cleaner, greener buildings. Bragging rights aside, BOMA BESt participants enjoy increased cost savings each time they advance a level of certification – in fact, the program places emphasis on continuous energy and environmental improvement through re-certification. According to the latest (2013) BOMA BESt Energy and Environment Report, as buildings that were certified in the early years of the program are now being re-certified – many for the second time – there is a marked improvement in overall scores, particularly in structures that had low initial scores. The report says that, of the 115 buildings across Canada that achieved re-certification in 2012, a majority (69) scored better upon re-certification than at original

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Willowbrook Shopping Centre, Langley, has achieved Level 4 certification under BOMA BESt | BENTALL KENNEDY

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BESt behaviour

The Clean Connect program encourages building owners, developers and managers to apply for a rebate for installing an electric vehicle charging station | BOMA BC / GM CANADA

certification. This improvement is significant, as many buildings were re-certified to the new and more stringent requirements of Version 2. As of February 25, 2014, 225 buildings in B.C. were BESt certified – five more than last February. Seven had achieved Level 4 certi fication, i nclud i ng the Shangri-La in Vancouver, the Victoria Con ference Centre and Langley’s Willowbrook Shopping Centre. Nearly 50 buildings across B.C. had Level 3 certification, having demonstrated BOMA BESt practices and an assessment score of 80 to 89 per cent. Last year several office buildings received accolades from BOMA BC. One such honour – the 2013 EARTH Award, which considers energy management, indoor air quality, recycling, reduction and reuse, tenant awareness programs, and health and safety – went to Cadillac Fairview Corp. Ltd.’s HSBC building at 885 West Georgia

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BESt behaviour

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BOMA BC’s 2013 EARTH Award, which considers energy management, indoor air quality, recycling, reduction and reuse, tenant awareness programs, and health and safety, was awarded to Cadillac Fairview’s HSBC building in downtown Vancouver | BOMA BC

Street in Vancouver. More good news for Cadillac Fairview: all six of its Pacific Centre towers and the shopping centre itself achieved BESt certification (Level 2 or 3) in 2013. “This is a tremendous achievement and a true testament that our sustainability initiatives, with assistance from our tenant community, are paying off,” says Pacific Centre general manager Ultan Kampff. Among the latest program additions is a technical clarification request (TCR) process introduced by BOMA Canada in 2013 to ensure ongoing modifications can be made to BESt content – in a transparent manner – in order to keep the program clear, up-to-date and on the cutting edge of industry best practices. The TCR process invites all BESt users to submit questions, revision suggestions and comments about specific technical aspects of the process to the BOMA BESt technical committee. A TCR may be a request for: formal review of the intent behind an assessment question; additional clarity; or scoring interpretation, including regional-based amendments. Each TCR is reviewed by a small team of committee members, after which suggested changes to the program are brought forward to the entire technical committee for ratification. Each round of new TCRs that comes into effect will apply to all current applications, regardless of start date or module. As such, all applicants are advised to familiarize themselves with newly implemented TCRs as they occur by subscribing to the BOMA BESt Report

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e-newsletter. A list of completed TCRs is maintained at www.bomabest.com/tcr. Separate from BESt, BOMA BC, in partnership with the province, launched an incentive program for electric-vehicle charging stations (EVCs). With a deadline of March 31, 2014, the Clean Connect program encouraged building owners, developers and managers who met certain requirements to apply for a rebate of up to $4,500 (per station, up to a maximum of six, depending on building size) for installing an EVC at their property. The program aims to support the increase of EVCs across multiple building types and locations throughout B.C. Planned for the installation of 125 electric car stations in office and mixed-use buildings throughout B.C., it is the biggest such rollout in Canada. Ó

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Tracking energy savings The Building Owners and Managers Association of BC (BOMA BC) has had a strong take-up on its BOMA uTrack software environmental monitoring system since it was launched two years ago. BOMA uTrack is a cost-effective tool that allows BOMA members to track, monitor and analyze their energy and water consumption. uTrack utilizes PUMA, a user-friendly dashboard developed by Prism Engineering, which can display utility information according to energy used and costs, greenhouse gas emissions, and energy and cost savings for an entire building portfolio. The data is inputted by the uTrack team, which ensures quality control and reduces time spent on data input, explains Daniel Klemky, BOMA’s energy and environmental manager. Baselines can be set to track performance against and compare to energy reduction goals. BOMA uTrack can also quickly consolidate utility data for energy, facility or portfolio totals in quick access reports that are available in various formats, Klemky explains. “BOMA uTrack offers solid value to our member businesses, organizations and agencies throughout B.C. We believe it helps our industry better control their costs,” says BOMA executive vicepresident Paul LaBranche. He adds that the software helps the development industry do its part to track and report on greenhouse gas emissions. BOMA uTrack, in fact, is a key component of BOMA BC’s Memorandum of Understanding with the Ministry of Energy and BC Hydro to achieve long-term energy reduction targets, according to LaBranche.

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INTERIOR DESIGN ON A

HUMAN SCALE

Less space, more freedom: design dichotomy defines office space

FRANK O’BRIEN

nternational interior design maven Kay Sargent challenges the accepted notion of what modern office design should be all about. Where others praise the wide-open floor plans and collaborative stations that define the contemporary workspace, Sargent sees a miscue and a potential health hazard.

Kay Sargent, vice-president of architecture, design and workplace strategies for Toronto-based office furniture giant Teknion: “most offices are designed as if people were potted plants” | MARTIN KNOWLES/MK PHOTOMEDIA

The Washington, D.C.-based vice-president of architecture, design and workplace strategies for Toronto-based office furniture giant Teknion told a Vancouver audience “most offices are designed as if people were potted plants.” In an age when technology is shrinking the per-worker floor space and obesity and disengagement are major issues, offices should instead encourage movement, enhance privacy and sharpen focus, she says. “We are going through a demographic shift, a technology explosion, globalization, green awakening and unprecedented opportunities to work in new ways,” Sargent told a Buildex forum. “So why does the office look the same as it did 40 years ago? And why is it only renovated once every 10 years?” Simply ripping out the cubicles and going with an open floor plan is not the answer, she says. Some high-tech workers in such spaces slip out with their laptop to a Starbucks, she says: not to escape noise but to embrace a background buzz. “In open office environments, many spaces are too quiet. The background noise has been greatly reduced, since more people type than talk on the telephone, and our HVAC systems all have baffles. But hearing someone across the room as clear as a bell is much more distracting than a general background hum. We need to design spaces with elements that block sound from carrying through an office, and we need to consider white noise, natural or imported, to re-create that hum,” she says. Sargent cites a 2013 Gallup poll that found 70 per cent of Canadian workers feel they are not engaged in their work and 14 per cent admit they are “actively disengaged.” The

DESIGN ON A HUMAN SCALE

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KAY SARGENT |

VICE-PRESIDENT OF ARCHITECTURE, DESIGN AND WORKPLACE STRATEGIES, TEKNION

Real estate costs are nothing compared to people. It is not about cost per square foot; it is about engaged and productive workers

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HootSuite Media Inc.â&#x20AC;&#x2122;s Vancouver office, designed by SSDG Interiors Inc., combines a rustic cabin motif with an industrial look in a workspace that encourages creativity and staff connections | INTERIOR DESIGN INSTITUTE OF BC

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Interior design on a human scale

stark conclusion: the majority of office workers lack motivation and are not likely to invest effort in organizational goals or outcomes. The actively disengaged are flat-out unhappy and unproductive at work and liable to spread negativity to co-workers. It is not how fancy the space is, or the office location, Sargent says, but how happy people are to work there. “Real estate costs are nothing compared to people,” she says. “It is not about cost per square foot; it is about engaged and productive workers.” The real estate card does come into play, because offices are becoming smaller as they become smarter. U.S.-based CoreNet Global forecasts that U.S. workers will require an average of 151 square feet of workspace by 2017, down from 225 in 2010. Office workers will require 100 square feet or less. The shift means many older, lowerpriced office properties in Vancouver are becoming ripe for conversion to other uses. Steffan Smith of GWL Realty Advisors Ltd.in Vancouver agrees that office demand needs a rethink. “How we use space is changing,” Smith says. “You don’t need a New office for Bosa Properties, designed by Square One Interiors, is all clean planes and textured architecture with plenty of natural light and an emphasis on staff connectivity over three floors | INTERIOR DESIGN INSTITUTE OF BC

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Interior design on a human scale

Three tips for an active office ■Get rid of the wastebasket at every desk: when required to use a central waste station, workers get exercise and produce less waste. ■Get rid of at-desk file cabinets: 85 per cent of what goes into a file cabinet never comes out – and each file cabinet removed generates nine square feet of space. ■Hold stand-up meetings. Sit-down meetings last twice as long as those with people standing up.

Western Union embraces colour and light in its new uptown Victoria offices, designed by Sally Mills of Omicron | INTERIOR DESIGN INSTITUTE OF BC

telephone, you don’t need a computer, you don’t need a monitor. So the question is why are you sitting at that desk? We used to measure real estate in desks and offices and cubes, but I think that mentality is about to go the way of the dodo bird.” Vancouver office designers are embracing change, if award-winning workspaces are an indication. When the

Interior Design Institute of BC presented its workplace excellence awards for 2013, the top designs characterized fresh thinking, even fun. Examples include the rustic cabin look of HootSuite Media Inc., where open floor plans combine with retreat rooms and a large kitchen to enhance staff connections, and the three-storey offices for Bosa Properties in the Jameson House tower, where Square One Interiors Inc. mixed open workstations and offices with extensive use of glass that tumbles light into all areas. Such offices, Sargent says, represent the dictates of the WELL Building Standard that hopes to do for workspaces what LEED did for architecture. Developed by the Delaware-based International Well Building Institute, the nascent movement, launched in 2012, puts human health at the centre of design. Ó

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RAISE THE

ROOF Office developers are finding fresh, costeffective and eye-catching uses for rooftops

NOA GLOUBERMAN

ike so many mechanical rooms and stairwells, rooftops have traditionally been considered unusable space. Today that is no longer the case, with more new office towers in British Columbia being designed to include functional, multi-purpose roofs. From green space to workspace, these buildings and their tenants are benefiting in a multitude of ways, from the top down.

The west expansion of the Vancouver Convention Centre boasts a six-acre living roof with more than 400,000 indigenous plants and grasses | MAX LINDENTHALER

RANDY SHARP |

Perhaps the most obvious benefits are environmental, and B.C. happens to house Canada’s biggest (the world’s 10thlargest) green roof. The west expansion of the Vancouver Convention Centre boasts a six-acre living roof packed with planet-friendly features like indigenous plants and grasses, honey-producing beehives and drainage and recovery systems that collect treated waste water from the facility’s washrooms and use it to irrigate the roof during drier months. PWL Partnership Landscape Architects Inc. principal Bruce Hemstock, who designed the centre’s crowning glory, says the ecology of the roof is even making a positive impact on certain issues related to global warming. “Green roofs are great heat sinks,” Hemstock explains during a tour of the roof, which is not accessible to the public. “They absorb heat [and] they also cool the air.

They also trap stormwater and release it very slowly … like it would happen in nature. Green roofs can do that.” As with the majority of large and demanding roofing projects in British Columbia, such green roofs carry the Roofing Contractors Association of BC’s RoofStar Guarantee, which is often required with government and corporate construction. A second green roof, this time at the Broadway Tech Centre business campus in Vancouver, delivers similar benefits. The site’s 270,000-square-foot roof scape is planted with trees, shrubs, perennials and grasses that minimize temperature fluctuations in the structures below by shielding them from the sun, preventing heat gains and losses and reducing energy consumption throughout the year. Randy Sharp, principal of Sharp & Diamond Landscape

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[The aim in designing the rooftop space was] to push this development beyond a generic office park, creating a healthy, sustainable and inspirational space for everyone to enjoy

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Raise the roof

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The 50-storey 3 Civic Plaza in Surrey, a mixed-use project, will feature more than 5,200 square feet of rooftop meeting rooms and conference facilities | CENTURY GROUP

Architecture Inc., which provided ecological and urban design for the tech centre’s roof, says the green benefits are also financial in nature. Unlike the convention centre, the Broadway Tech Centre encourages tenants to use their rooftop, which includes North America’s first infill sports field, café patios and tree-lined walkways. As Sharp notes in a separate press release, the aim in designing the space was “to push this development beyond a generic office park, creating a healthy, sustainable and inspirational space for everyone to enjoy.” While many high rise developers are rediscovering roof space for amenities, gardens and even fountains, Century Group may be the first to consider a commercial business operating from atop a tower. The 50-storey 3 Civic Plaza, a mixed-use project by Century Group and Surrey City Development Corp. will feature more than 5,200 square feet of rooftop meeting rooms and conference facilities, set among gardens and water features on the tallest building between Vancouver and Calgary. While designed by Cotter Architects as part of the hotel and condominium amenities, the roof space could be leased to a private operator, according to Century spokesman David Laulainen, who says the company is examining that option. “I can see a business offering space for weddings, bar mitzvahs, corporate meetings and other events,” while keeping the rooftop gardens accessible to tower residents, Laulainen says. By commercializing the roof space, the amenity would not be factored into the tower’s common areas, which would keep strata fees lower for residential tenants, he adds. The tower is to complete in 2017. Back in downtown Vancouver, a new mixeduse development aims to transform an entire city block from the bottom up. Telus Garden, set for completion in 2015, will include a residential tower plus a 24-storey building with 500,000 square feet of office space for multiple tenants. The complex, bounded by Georgia, Robson,

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Raise the roof

Seymour and Richards streets, will be topped by 10,000 square feet of green roofs that will include â&#x20AC;&#x153;sky gardens,â&#x20AC;? where organic produce for local restaurants will be cultivated, and two â&#x20AC;&#x153;elevated forestsâ&#x20AC;? for employee use. Telus president and CEO Darren Entwistle says the towers will integrate leading-edge technology with â&#x20AC;&#x153;environmental sustainability and tomorrowâ&#x20AC;&#x2122;s work styles.â&#x20AC;?

The rooftop of the new 725 Thurlow office tower will include a fully accessible rooftop patio and lounge area | BOMA BC

At 745 Thurlow in downtown Vancouver, Musson Cattell Mackey Partnership has planned two green roof spaces into the 24-storey office tower. This includes a rooftop terrace extending around three sides of the building, accessible to tenants from the third floor. As well, a rooftop amenity area will include an outdoor patio and entertainment zone with a gas fire pit and barbeque.Â Ă&#x201C;

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CIVIC INCENTIVES PUSHING OFFICE TOWERS HIGHER Brady Fleguel | Has Vancouver’s bonus zoning led to an oversupply of downtown office space?

s a consultant to many market participants, I am herein required to delicately consider the facts surrounding one of the hottest topics in the commercial real estate industry in 2014: City of Vancouver incentives. I think the best way to approach this article is to consider the question in two parts: (1.) Is there actually an oversupply of office space in downtown Vancouver? and (2.) Is the city policy providing excessive incentives to developers to build office space? I n 2007, the city adopted the Metropolitan Core Jobs and Economy Land Use Plan. Hot on the heels of a number of office buildings being converted into residential condominiums, this plan was designed to ensure that there would be enough development capacity to accommodate future job growth and economic activity in the metro core. Residential uses were discouraged in the area (and subsequently removed from permitted uses within the zoning bylaws) while allowable densities were increased by a 2.0 FSR (floor space ratio) in the central business district (CBD). This policy essentially “saved” CBD sites from being developed with condominiums. Six years after the metro core

jobs study was approved, we find ourselves with seven office towers under construction in the CBD. These buildings stand to add roughly 2.25 million square feet of office density to the downtown market, an increase of about 9.2 per cent to the total inventory. More than half of the space under construction is pre-leased. The first three buildings are expected to be complete by 2014 with the remaining space scheduled for 2017 completion. If we consider the historical absorption rate, there could be five to 10 years of Class AAA inventory available by 2017 – assuming that none of the seven additional proposed office towers in the CBD enter the market during this time frame. Most brokerages have been forecasting an increase in vacancy from current record lows of two to three per cent (Class AAA space) to as high as five per cent to 10 per cent by 2016-2017. My cautious conclusion: increased vacancy levels will lead to a more sustainable market and slight downward pressure on rental rates. Those building the new space are well capitalized and control a significant percentage of the total office inventory downtown. This adds stability to the entire market. It i s of te n m e nt io n e d i n t h e

industry that the city is “giving away office density for free” in order to spur job space in the core. Yet a close look at the approved office projects shows that the majority of sites were not heavily incentivized to build. Some sites used unbuilt density under the existing zoning bylaw or official development plan (MNP Tower, 725 Granville Street and 800 Griffiths Way), while 745 Thurlow and 980 Howe gave up the opportunity to build residential uses in order to gain additional office density. 520 West Georgia was rezoned in combination with the residential tower at Robson and Richards streets and the Telus office building at 775 Richards Street. The land lift associated with this project was subject to the city’s Community Amenity Contribution Policy with significant funds used to acquire and build a park at Smithe and Richards street and for tenant upgrades to city-owned space at the CBC building. The developer of 475 Howe Street proposes a $15.1 million heritage renovation of the former stock exchange b`uilding, at a cost of $47.50-per-square-foot buildable, for the incremental density increase Overall, it would appear that the new buildings underway are playing by the same rules as everyone else.

The current construction boom is a result of a handful of factors of which land cost only forms a portion of the equation

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(I am expecting this statement to initiate many phone calls.) So why is all this construction underway? There are really three factors that play into the economic feasibility of any real estate project: land cost, build cost (including profit) and end value. Any change to these three inputs can push a project from the back of a napkin to a shovel in the ground. I would say that build costs for high rise office space have been flat in the past decade. As discussed previously, the city is offering development flexibility to a number of sites in the CBD, but the allowances are in lieu of significant costs (and lost opportunities) to the developer; thus land value has not been significantly influenced. This leaves building valuations as the highest contributing factor to economic viability. From the period of 2008 to 2013, my analysis of office activity in the CBD shows appreciation of 10 to 15 per cent per

year through a combination of yield compression, increased rents and lower vacancy. I stress that the largest contributor to increased valuations is yield compression caused by favourable lending rates, highly capitalized market participants and a desire to own and manage AAA office assets without overpaying from an existing owner (i.e. build to own), among other reasons. A prime example of the market depth was shown when the stock exchange building, proposing 360,000 square feet of office space, broke ground without announcing an anchor tenant. This project is so well backed that an anchor tenant was not required for construction financing. There is no question the city’s influence has made the development of office space more feasible th roug h zon i ng f lex ibi l ity a nd thus tempering land costs. I would certainly hesitate to call this overincentivizing the construction of

office space. The current construction boom is a result of a handful of factors of which land cost forms only a portion of the equation. The appreciation of prime assets appears to be the leading cause of what I cautiously consider a road to a balanced office market in downtown Vancouver. T ime will answer some of the other variables, including the impact of new construction on Class C office space as well as the influence of the ever present, but often unnoticed, sublease market. Ó Brady Fleguel is a principal with Burgess, Cawley, Sullivan & Associates Ltd., a real estate appraisal and property-tax appeal firm. An accredited member of the Appraisal Institute of Canada, Fleguel has been involved in the land appraisal of a number of Vancouver master-planned communities, including the Village on False Creek and East Fraserlands. His work encompasses projects throughout British Columbia.

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48 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

SUBURBAN

SEDUCTION Office developers lured to transit station hubs

PETER MITHAM

he f i rs t wave of new office development in the Lower Mainland since the financial crisis of 2008 is set to land in 2014, and suburban ma rkets a re braci ng for the impact. While tenants are active, says Kevin Nelson, senior vicepresident with CBRE Ltd., the search for space is being driven by greater opportunities. The downtown vacancy rate rose to 6.1 per cent through 2013, according to CBRE figures, up from 3.4 per cent two years earlier. Overall suburban vacancies have stabilized at 12.1 per cent – down from a peak of 15.1 per cent following the financial crisis, but still offering tenants plenty of choice. Yet the completion of Metrotower III in Burnaby as well as Merchant Square in New Westminster will add close to 550,000 square feet of space to suburban markets in 2014. Metrotower III has secured two tenants accounting for approximately 95,000 square feet, but this is against a backdrop of the million square feet under construction in Burnaby alone. This easily makes it the most successful new project in Burnaby, where just 10 per cent of the space under construction has been pre-leased. Nelson consequently expects vacancies in the suburbs to increase through 2014. “[It] will be the result of spec development,” he says. “The markets to sustain the biggest impact are Burnaby and Metrotower III near Burnaby’s Metrotown SkyTrain: 95,000 square feet pre-leased | IVANHOE CAMBRIDGE

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New Westminster as a result of new supply, and some tenant exits.” While there has been increased interest in Richmond, which was hit hard by departures of U.S. firms following 2008, Nelson says vacancies have stubbornly remained between 18 and 20 per cent over the past year.

Suburban office market update

Speculative Surrey, meanwhile, is facing its own glut. The city boasted the highest year-end vacancy rate in Metro Vancouver for 2013 – 21.6 per cent – thanks to new construction and the departure of major tenants including Coast Mountain Bus Co. Tagged as the region’s second downtown, negative absorption in Surrey was on par with what was going on in downtown Vancouver in 2013. Deal activity promises to be muted in 2014, according to Avison Young, offering little hope for significant change. Much of the new construction taking place in the region is occurring around transit lines, whether the Millennium SkyTrain line, the Canada rapid transit line to Richmond or the Evergreen line to Coquitlam. The sites are desirable, according to Jones Lang LaSalle, because they tend to command higher rents and see greater tenant interest than off-transit locations. “Tenants continue to prioritize access to transit in their relocation strategies,” Nelson says. Indeed, transit helped Metrotower III lease 95,000 square feet to Stantec and Hemmera in 2013.

New Westminster

Market

Vacancy rate

Absorption 2013 (square feet)

North Shore

8.5%

16,128

Burnaby

9.1%

-114,783

9.3%

178,035

Richmond

15.4%

167,121

Surrey

17.3%

-137,809 SOURCE: AVISON YOUNG

“Any of the new tenants we’re getting a look at is telling us transit is No. 1 or No. 2 on their list, in terms of being connected to transit – and SkyTrain, specifically,” says Luke Gibson, director, office leasing, for Metrotower III owner Ivanhoe Cambridge. “Companies get it – they want to provide the best work environment possible for their staff. ... If you’re on transit, you’re probably going to be able to please a greater base of people.” Transit sells Transit may have also helped in the sale of Merchant Square. Built on spec by the City of New Westminster, the tower

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Suburban seduction

Merchant Square office tower opens this May next to the New Westminster SkyTrain station. It recently sold for $36.5 million | ROYAL CITY RECORD

– scheduled to open in the spring of 2014 with no tenants in place – was threatening to become a white elephant. But it sold in March for $36.5 million to Kingswood Capital and Duke Holdings. Andrew Laurie, a senior associate specializing in office leasing at Cushman & Wakefield Ltd., who is handling

leases in the 138,000-square-foot building, says close proximity to SkyTrain likely aided the sale. “SkyTrain and access to amenities are what drives office leasing,” he says. “It’s never occurred that a tenant has come and said, ‘I want to be off transit.’” He points to the success of the Carvolth business centre, a project once situated among farmland in the shadow of the Langley Colossus movie theatre. Today, the Carvolth park-and-ride, opened at the end of 2012, connects the surrounding business park with Braid SkyTrain station in New Westminster (itself a hub for future office development). “There are herds of young professionals, all wearing suits, walking around that area, going across to Moxie’s for lunch or Starbucks,” Laurie says. “Five years ago, you didn’t have that.” The importance of transit connections even in far-flung Langley underscores Laurie’s belief that off-transit properties will continue to bear the burden of vacancies. Nevertheless, off-transit space tends to be cheaper, a selling point for companies seeking to keep costs under control. Many landlords have implemented shuttle services and other amenities to bridge the gap between convenience and cost for budget-minded tenants. “Given the choice, all tenants would want to be on transit, but there’s definitely a cost savings to be had for off-transit locations. And some tenants choose that because it’s more economical,” says Gibson of Ivanhoe Cambridge. “There are definitely tenants out there who are just looking for value space.” Ó

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RISE OF THE VALUE-ORIENTED OFFICE TENANT Warren Smithies | Class B and C building owners need to upgrade energy standards, esthetics to match competition

n real estate, the office asset class is a curious beast. Much like that distant relative having a bit too much to drink at your annual family barbecue, the office market can go from life of the party to a staggering stupor faster than a dog can nab steak off the picnic table. Low-cost debt and equity are keeping the office party cooking in many Canadian markets, including Vancouver. Pension funds and life insurance companies are investing billions of dollars in stunning new Class A+ assets, and this new inventory is coming out of the ground on a scale that has not been seen for nearly a decade. Within the next two years, Vancouver’s office inventory is going to increase by 10 per cent, and there is another 2.5 million square feet planned to come online by 2020. Even more impressive is Calgary’s growth, where the supply of downtown office product will spike by nearly 20 per cent during that same period. It seems a party that everyone wants to join, but Class A+ landlords should remember that having too much of a good thing has not always turned out well. W i t h s u c h l a r ge a m o u n t s o f

Class A+ office space coming on line, landlords of A and B buildings should be aware of the competition the classy new product represents. Landlords whose properties are approaching obsolescence should use this opportunity to reposition themselves. Start by actively engaging your asset and property managers in conducting a thorough SWOT (strength, weaknesses, opportunities and threats) analysis of all aspects of the building down to the mechanical systems. Owners can get a feel for the strengths and weaknesses of their building by taking a walk with the manager, following the path of a tenant through their daily routines. Examine all the key areas of the building including the parking lots, lobbies, common areas and amenity areas to identify deficiencies that may give a negative impression to tenants. Depending on the building, consider renovating the lobbies and elevators to give them a more Class A feel. In real estate sales, perception is reality, and how a building presents can make or break a deal. For older assets that are approaching mechanical obsolescence, now is the ideal time to conduct full building upgrades. Like the institutional

landlords that are using their low cost of equity to create new towers, owners of older buildings have the opportunity to take advantage of these insanely low interest rates to upgrade their buildings’ mechanical systems. Many older assets can reduce utility consumption upwards of 75 per cent by upgrading lighting, boilers, chillers and elevators, allowing for compelling cost control to value-oriented tenants. This is one of the simplest ways to get a comparative pricing advantage over competition and benefit from a compounding return on investment. Be sure to take advantage of all government subsidies available, as this is truly icing on the cake. Many large corporate and government tenants are now pushing for a “sustainable” office space. While this trend does have to do with targeting lower energy consumption and becoming “green”, it has more to do with tenants’ desire to control their footprint and reduce operating expenditures. Owners of Class A- and B buildings can profit from this trend by implementing targeted upgrades and repositioning by using their comparative price advantage over Class A+ properties to the fullest.

In real estate sales, perception is reality, and how a building presents can make or break a deal

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T hese i mprovements cre ate tangible value for tenants, and landlords will reap the benefits of extended asset life, stable or appreciating rental rates and reduced risk of vacancy on turnover. This shift towards value orientation is already happening in Vancouver, where Miller Thomson LLP recently announced the consolidation of its offices by moving into 725 Granville Street. This move to a new Class A redevelopment has allowed Miller Thomson to achieve its objective of reducing its office footprint by 50 per cent without cutting any staff. Similarly, the Province of British Columbia and their crown corporations have recently been mandated to reduce its office footprints by as much as 35 per cent to save taxpayer dollars and aid the government in achieving a balanced budget. Real estate practitioners should expect to see announcements like

these made in their local markets in the near future as all governments seek to downsize space. Over the coming decade, owners of Class A- and B office properties who have planned ahead, engaged in repositioning and acted decisively to target value-oriented tenants will be the true stars of the party. As much as everyone loves a good ti me, bei ng prepa red for the morning after will ensure asset value preservation and more good times to follow in spite of the inventory onslaught. Ó Warren Smithies is vice-president, business development, at Martello Property Services Inc., which recently celebrated 25 years of business in Vancouver. Martello has approximately 5.8 million square feet of commercial real estate under management, in more than 135 properties. Warren can be reached at 604-661-9151 or warren.smithies@ martellops.com

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ELECTRIFIED WINDOWS

Glazing breakthrough may change how office windows perform for comfort and energy saving

FRANK O’BRIEN

ohn Carpenter of Toronto-based Clearstream Architectural Products Ltd. says there is now an electrically charged window option that could make conventional office windows obsolete. View window technology – backed with $300 million from investors including glass giant Corning and GE Capital – creates exterior switchable windows for commercial buildings that remove the need for blinds or screens; provides security because views into the building can be restricted in any light; reduces energy consumption; and can be programmed or run remotely from anywhere in the world, Carpenter told a meeting of British Columbia’s fenestration industry this February. The windows can even be set up to track the sun and change the colour and shading of the glazing in response. “View will change how architecture is done,” Carpenter says. The windows can help qualify a building for up to 25 LEED credits and use such little power that 1,800 square feet of electrified glass draws the same power as a 60-watt light bulb, he adds. Since a pilot installation at the luxury W Hotel in San Francisco two years ago, 50 projects have been fitted with the windows across North America.

RAO MULPURI |

The largest in Canada is the new multi-billion-dollar Humber River Hospital in Toronto where 26,000 square feet of View glass is being installed in sizes up to five feet by seven feet. According to a Humber spokesperson, the glazing will contribute to patient care by providing more daylight and continuous views to the outside, with privacy, when the facility opens next year. Designers of a Calgary university campus extension are also considering the use of View glass. According to California-based View CEO R ao Mulpuri, the glass eliminates the need for blinds or shades – and more importantly, it reduces annual HVAC and lighting

CEO, VIEW

The concept is very simple: it’s like wearing sunglasses and adjusting them to how bright it really is

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energy consumption by around 20 percent in a typical commercial installation. “The concept is very simple: it’s like wearing sunglasses and adjusting them to how bright it really is,” explains Mulpuri. View competes with a few other smart-glass companies, including Sage Glass and Heliotrope Technologies. “There’s clearly room for more than a few players in this space,” says Mulpuri. “Someday, every glass window will be built this way.” View’s electrochromic windows use a single-line, lowvoltage electrical current to reflect or absorb light, tinting or untinting the window. The company makes not only the windows themselves, but also the controller system, the software and the apps that can control the window tint from an iPhone or iPad. The colouring effect on the window can cool or warm a room and saves energy by cutting down on air conditioning and heating. The original core technology came out of Lawrence Berkeley National Laboratory, and the windows are made by sputtering a 0ne-micrometre- thick layer of tungsten

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oxide onto a pane of glass. That layer is sandwiched by another pane of glass. The process is similar to one that’s done in the semiconductor industry, but on large glass pieces. It all sounds expensive, but it is comparable in cost to the low-emissivity dual or triple-pane glass normally used in LEED standard buildings, since no window coverings or extra tints are needed and the payback can be quicker because the glazing is highly energy-efficient, according to Carpenter. Disadvantages: there is no plan to offer a residential version and, so far, glass sizes are restricted to a maximum of five feet by eight feet. ”We want to get to six-foot-by 12-foot sizes,” Carpenter says. The reaction in Vancouver’s architectural community has, so far, been understated. Kaya Wiggins, a spokeswoman for Henriquez Partners Architects, which designed the new Telus complex in downtown Vancouver, says designers passed on the technology. “We were considering electrified glass for the media facade screen on our Telus Garden project, but the technology didn’t suit the application,” Wiggins says. Ó

The new $3 billion Humber River Hospital near Toronto is installing 26,000 square feet of View electrified windows | HUMBER RIVER HOSPITAL

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56 | Office space 2014 published by Business in VAncouver

Onfor guard thee Crime-fighting combines common sense and computer tech Susan M.Boyce

he Vancouver Police Department reports that there’s good news and bad news in the world of crime-fighting. During 2013, violent crime, including homicide and assault, was down 4.3 percent over the previous year. Property crime, however, rose 2.1 per cent overall with possession of stolen goods skyrocketing by more than 19 per cent — a particularly significant figure to business which was the only sector that saw an increase in breaking-and-entering (B&Es). In the downtown core, business B&Es were up three per cent. And while auto theft was down 9.7 percent, theft of items left inside motor vehicles rose a startling 30.9 per cent in the central business district where most large office parking lots are located. In the battle against crime, technology is evolving into a reliable ally – especially when it comes to seeing what’s happening. Surveillance cameras are smaller, cheaper, and smarter, providing a level of digital connectivity once limited to the realms of science fiction. “A high-resolution camera that not so long ago would cost as much as $4,000 or more is now easily available for $400 to $1,000,” says Ashley Meehen, vice-president of Genesis Security Group. More money equates to more features. Upper echelons of the most sophisticated video surveillance go far beyond simple image collection — they interpret images. “For example, advanced analytics

mean we now have cameras that are able to differentiate between people walking past a chain-link fence and someone attempting to climb over it.” In the new landscape of security, cross-platform connectivity is one of the kingmakers. A diverse array of components can now be integrated directly into building operations, creating seamless conversation between everything from cameras and monitoring stations to card locks, elevators and notification to police and designated company officials. “Unlike the days when a video surveillance tape had to be removed from the camera, taken to another location and then reviewed by security personnel, today when a camera picks up a motion error, a link is sent directly from that camera to the monitoring station,” Meehen says. “Within a couple of seconds or less, someone can

Bruce Marginson | president, Fusion Security Inc. A six-foot chain-link fence creates a six-second delay for a determined crook; a file cabinet equates to a 20-second delay

Security

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“Eventually, I believe, all of our 150 guards can be replaced,” McGowan says, except in cases where a client specifically requests a guard. Some security experts, such as Amir Atri, Vancouver manager for GardaWorld, argue that nothing can replace a human guard. “A guard has five senses. He or she can smell and listen, which a camera can’t,” Atri says. But a recent demonstration of new analytic cameras shows they come pretty close to human response,

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be watching what’s happening in real time. They can see what the intruder is doing, wearing, even give the police a description of the vehicle they’re driving. We’ve had cases where the thief didn’t get farther than a block before they were caught. Technology also never falls asleep or loses focus.” Barry McGowan, director of sales and marketing with Secured Security Group, even sees high-tech cameras removing the need for security guards.

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On guard for thee

Property crime in Vancouver’s core (District 1)* 2012 Total property crime Business B and E Theft of motor vehicle Theft from motor vehicle Fraud

2013

9,292 10,203 541 142 2,068 699

Change 9.8%

557

3.0%

141

-0.7%

2,707 30.9% 786

12.4%

* DISTRICT 1 IS THE VPD’S “WEST END AND CENTRAL BUSINESS DISTRICT” SOURCE: VANCOUVER POLICE DEPARTMENT CRIME INCIDENT STATISTICS GardaWorld will soon equip all its mobile guards with TrackTik software for smartphones which generates videos that can be stored or sent to any location in real time | GARDAWORLD

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according to McGowan. “These cameras, by picking up infrared emissions, can detect leaking gas or the signature of a fire long before any human could.” The new generation of cameras also boast face-recognition software that can alert security officials to repeat offenders, he adds, or tell if a person accessing a secure area is allowed to be there. Atri, though, sees a future in arming security guards with onboard cameras. This year all GardaWorld guards will be equipped with Android smartphones loaded with the TrackTik app. TrackTik not only logs all the guards’ tour action, but also allows instant video monitoring if the guard spots suspicious activity or is handling an intervention. The video can be stored or fed to any remote

station in real time, Arti explains. Kinetic Security is also equipping its guards with the TrackTik software and beefing up the GPS equipment on all its patrol cars, says Kinetic spokeswoman Leanne Stevens. But while technology continues its relentless sophistication, most industry experts agree it’s a combination of high tech, on-the-ground guards and common-sense precautions that often makes the difference between a thwarted robbery and an insurance claim. “To have a crime, you need three things: a victim, an opportunity, and a perpetrator,” says Bruce Marginson, president of Fusion Security Inc. “There will always be a fresh crop of perpetrators ready and waiting, so removing opportunity and target hardening should be your first lines of defence.” A six-foot chain-link fence, he adds, creates a six-second delay for a determined crook; a file cabinet equates to a 20-second delay. After 35 years in the security industry, Marginson still shakes his head when discussing how casually many people treat the most basic office security. “People forget to lock the door when they go home at night or out for lunch. I routinely see laptops, iPads, memory sticks carrying sensitive information, even cash boxes left out in the open. Women leave their purses under their desk, and men put their wallet in their jacket pocket, then hang it on their office door. With just the information most people store on their smartphone – credit card numbers, passwords, banking info, travel plans – you could replicate their whole identity.” Adam Weir, project manager for developer Adera, agrees. “Most crime we see is petty theft - crimes of opportunity,” he says. Tools, lighting or plumbing fixtures, batteries and wiring – easy to take, easy to sell for cash – are favourite targets. “Usually these thefts aren’t that well organized, but the repercussions can be huge. For example, a delay in running electrical [on a construction job] means every other trade that follows could be delayed as well.” Security isn’t always about crime, though – sometimes it’s about identifying and rectifying problems before they turn critical. “For example, flooding is far more common than many people realize,” Marginson says. Prompt discovery of fire - whether accident or arson - has averted many disasters. Alert security can also provide early warning of a malfunctioning elevator or parking gate before the morning rush arrives, he adds.Ó

2014-04-11 10:45 AM

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On guard for thee

COPPER THIEVES COST SURREY $9 MILLION FRANK O’BRIEN AND JACOB ZINN

Copper wire thieves have cost Surrey dearly

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he City of Surrey will be the first municipality in North America to replace all of the copper wire in its street-light system with alloy wire. It is a $9 million response to persistent thieves that has also sparked province wide legislation. “Copper wire theft is a significant problem for cities across North America and it continues to get worse as the price of copper goes up,” says Mayor Dianne Watts. “The city and RCMP have implemented various measures to prevent additional theft from occurring, but due to the vast size of Surrey and the expensive network of street lights, we are finding it very challenging to protect our copper wire assets.” The city has tried various methods with limited success under its wire-theft task force, Watts says. Since 2006, over 4,000 of the city’s 29,000 street light poles have been fitted with locking or security bolted covers at locations where theft has been prevalent. Then, surveillance cameras were placed at high theft locations with a view to capturing images of the thieves and having evidence with which to prosecute them. According to city staff, such actions by Surrey’s wiretheft task force are likely responsible for a portion of the

drop in wire theft, as is a 2012 provincial law to battle metal thefts, but nothing has stopped the thieves. Stronger measures have to be taken to better ensure the prevention of wire theft, staff concludes. Now, Surrey’s engineering department has proposed an overhaul of the city’s entire street-light system to deter wire theft, which has cost the city about $3.5 million in repair costs over the last two years. In this plan, all copper wiring will be replaced with a low-cost alloy that is nearly worthless as scrap metal. The city will consider one contractor to undertake the replacement of Surrey’s street-light system, which is estimated to take a year to complete with a net cost of about $9 million after subtracting the value of the existing copper wire. In 2012, British Columbia became the first province to introduce regulations aimed at reducing metal theft. Sellers of regulated metals now have to present valid identification. In turn, scrap dealers and recyclers who buy these metals must share purchase details with police so officers can compare the sales data with reports of stolen metal and seek court orders to obtain further information from dealers when required. The law focuses on metal types that thieves tend to target, such as copper wire, fences and manhole covers. Ó

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Stolen cell phones mined for data A street test on “stolen” smartphones conducted in major Canadian cities by security software giant Symantec found that half of all those finding the “lost” phones contacted the owners and provided information. But, in 96 per cent of cases, the finder tried to access phone apps that could have provided personal information, such as banking details. Before the smartphones were intentionally lost, a collection of simulated corporate and personal data was placed on them, along with the capability to remotely monitor what happened to them once they were found. Each smartphone was loaded with a set of simple apps that had icons and names that would likely be recognizable to a finder. These simulated apps had no real functionality but were able to transmit simple event data to a central logging facility to indicate which app was activated and at what time. The “Honey Stick Project” test was conducted last year in six Canadian cities, including Vancouver, with 10 phones “lost” in each city. The study findings should be especially interesting to businesses. When a business-connected mobile device was lost, there was more than an 80 per cent chance an attempt was made to breach corporate data and networks, Symantec found. The test also found that, in the case of businesslinked phones: ■A file titled “HR Salaries” was accessed on 53 per cent of the phones and another titled “HR Cases” was accessed on 40 per cent of the devices. ■Phone finders attempted to access a “Remote Admin” app on 49 per cent of the phones. ■A total of 83 per cent of the devices showed attempts to access corporate-related apps or data. “These findings demonstrate the high risks posed by an unmanaged, lost smartphone to sensitive corporate information,” Symnatec notes. “This is especially true today with mobile devices flowing into and out of corporate infrastructures at unheard of rates.” Ó

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"& # "

$.$',0 (&63,5:

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01_OFFICE SPACE 2014_CS6.indd 62

604 669 0822

2014-04-11 11:40 AM

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Feeling Secured ĚŽĞƐŶ͛ƚ ŚĂǀĞ ƚŽ ďĞ ĞǆƉĞŶƐŝǀĞ͍

KǁŶĞƌƐ ĂŶĚ ƉƌŽƉĞƌƚǇ ŵĂŶĂŐĞƌƐ ĂŶĚ ĂƌĞ ĮŶĚŝŶŐ ŶĞǁ ƚĞĐŚŶŽůŽŐǇ ĐĂŶ ƌĞĚƵĐĞ ƚŚĞŌ and vandalism while simultaneously decreasing monthly guarding costs. “Electronic security was long ago proven to reduce losses which is why insurance underwriters demand it for their high ƌŝƐŬ ĐůŝĞŶƚƐ͕ ĂŶĚ ǁŚǇ ƚŚĞǇ ŽīĞƌ ƐƵďƐƚĂŶƟĂů ĚŝƐĐŽƵŶƚƐ ƚŽ Ăůů ƚŚĞŝƌ ĐƵƐƚŽŵĞƌƐ ǁŚŽ install monitored systems” so says Barry DĐ'ŽǁĂŶ͕ ůŽŶŐ ƟŵĞ ǀĞƚĞƌĂŶ ŽĨ ĞůĞĐƚƌŽŶic security industry and now Director of ^ĂůĞƐ ĂŶĚ DĂƌŬĞƟŶŐ ĨŽƌ ^ĞĐƵƌĞĚ ^ĞĐƵrity Group in Vancouver. “Three important factors have seen video technology ĐƌŽƐƐŽǀĞƌ ŝŶƚŽ ƚŚĞ ƚƌĂĚŝƟŽŶĂů ŐƵĂƌĚŝŶŐ space; low cost cameras with extraordinary quality, highly intelligent video anaůǇƟĐƐ͕ ĂŶĚ ĞǀĞƌ ŝŶĐƌĞĂƐŝŶŐ ŐƵĂƌĚ ůĂďŽƵƌ rates”.

͞ ǀĞƌǇ ƐŝƚĞ ŝƐ ƵŶŝƋƵĞ͕ ŝƚ ŵƵƐƚ ĂůǁĂǇƐ ďĞŐŝŶ with a professional threat and risk assessŵĞŶƚ͕ ƐŽ ƚŚĂƚ ƚŚĞ ĂƉƉƌŽƉƌŝĂƚĞ ƐŽůƵƟŽŶƐ ĂƌĞ ŽīĞƌĞĚ͘ Ɛ ĂŶ /^K ƌĞŐŝƐƚĞƌĞĚ ĐŽŵƉĂny, at Secured Security we follow a strict set of guidelines to develop, implement ĂŶĚ ŵŽŶŝƚŽƌ ĂƉƉƌŽƉƌŝĂƚĞ ĐŽƐƚ ĞīĞĐƟǀĞ ƐŽůƵƟŽŶƐ͘ ĞƉĞŶĚŝŶŐ ŽŶ ƚŚĞ ƐŝƚĞ ƌĞƋƵŝƌĞments, remote video monitoring can reduce or in some cases eliminate guarding ĐŽƐƚƐ ĂŶĚ ĚƌĂŵĂƟĐĂůůǇ ŝŶĐƌĞĂƐĞƐ ŽƉĞƌĂƟŽŶĂů ĞīĞĐƟǀĞŶĞƐƐ͕͟ ƐĂŝĚ DĐ'ŽǁĂŶ͘ ͞WƌŽĨĞƐƐŝŽŶĂů ĐƌŝŵŝŶĂůƐ ůĞĂƌŶ ƚŚĞ ƉĂƚƌŽů ƉĂƩĞƌŶ ŽĨ ƚŚĞ ƚƌĂĚŝƟŽŶĂů ŐƵĂƌĚ͕ ƚŚĞŶ ƵƐĞ ƚŚĂƚ ƚŽ their advantage. However, remote video ŵŽŶŝƚŽƌŝŶŐ ŝƐ ĂůǁĂǇƐ ůŽŽŬŝŶŐ ĨŽƌ ĂĐƟǀŝƚǇ͘ The cameras instantly alert our dispatch^Ž ǁŚĂƚ ĂƌĞ ƚŚĞ ďĞŶĞĮƚƐ ƚŽ ƉƌŽƉĞƌƚǇ ŽǁŶ- ers, who can then select the appropriate ers and managers? Can video do the same ƌĞƐƉŽŶƐĞ ƐƵĐŚ ĂƐ Ă ǀŽŝĐĞ ƚŚƌĞĂƚ ďĞĨŽƌĞ ũŽď ĂƐ ĞīĞĐƟǀĞůǇ ĂƐ Ă ĨƵůůƟŵĞ ŐƵĂƌĚ Žƌ ƌĂŶ- a crime can even take place, or contact dom site patrols? ƉŽůŝĐĞ ǁŚŽ ĂƌĞ ĞĂŐĞƌ ƚŽ ĂƩĞŶĚ ŬŶŽǁŝŶŐ

…remote video monitoring can reduce or in some cases eliminate guarding costs…

there is a real crime in process.” ƚ ƐŽŵĞ ĨĂĐŝůŝƟĞƐ Ă ƐĞĐƵƌŝƚǇ ŐƵĂƌĚ ĂĐƚƐ ĂƐ Ă ĐŽŶĐŝĞƌŐĞ͕ Žƌ ŚĂƐ ƐƉĞĐŝĮĐ ĚƵƟĞƐ ƐƵĐŚ ĂƐ checking that doors and gates are locked ƚŚƵƐ ƌĞƋƵŝƌŝŶŐ Ă ƉŚǇƐŝĐĂů ƉƌĞƐĞŶĐĞ͘ /Ŷ ƚŚĞƐĞ ĐĂƐĞƐ ǀŝĚĞŽ ŝƐ ƐƟůů ŚĞůƉĨƵů ĂƐ ƚŚĞ ĚŝƐƉĂƚĐŚ center works with the onsite patroller to deploy fewer guard resources to the most ŶĞĞĚĞĚ ƉƌŽďůĞŵ ĂƌĞĂƐ͘ DĐ'ŽǁĂŶ ƐĂǇƐ ͞ ŽƐƚ ƐĂǀŝŶŐƐ ǀĂƌǇ ďƵƚ͕ ƚŚĞ ƌƵůĞ ŽĨ ƚŚƵŵď at Secured Security is to divide your curƌĞŶƚ ĨƵůů ƟŵĞ ŵŽŶƚŚůǇ ŐƵĂƌĚ ĐŽƐƚ ďǇ ŚĂůĨ͖ less, if you choose to acquire rather than ƌĞŶƚ ƚŚĞ ĐĂŵĞƌĂƐ͘ WĂƚƌŽůƐ ĐĂŶ ŽŌĞŶ ĂůƐŽ ďĞ ĞůŝŵŝŶĂƚĞĚ Žƌ ĚƌĂŵĂƟĐĂůůǇ ƌĞĚƵĐĞĚ ĂƐ ƚŚĞ cameras are the ‘eyes on the site’ while the patroller is not present.” Secured Security is a full service VanĐŽƵǀĞƌ ďĂƐĞĚ ĐŽŵƉĂŶǇ ƐĞƌǀŝŶŐ ǁĞƐƚĞƌŶ Canada with integrated video and secuƌŝƚǇ ƐǇƐƚĞŵƐ͕ ŐƵĂƌĚŝŶŐ͕ ŵŽďŝůĞ ƉĂƚƌŽůƐ͕ site management & maintenance services including; janitorial, landscaping and parking enforcement services. Secured SecuƌŝƚǇ ŝƐ /^K ϵϬϬϭ ƌĞŐŝƐƚĞƌĞĚ ĨŽƌ YƵĂůŝƚǇ DĂŶagement Systems.

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T: 604 385 1555 F: 778 574 0847 T E: info@securedsecurity.com Suite Su u 1400 Marine Building, 355 Burrard Street, Vancouver, V6C 2G8

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01_OFFICE SPACE 2014_CS6.indd 63

2014-04-11 2:34 PM

64 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

Biggest commercial property managers in B.C. RANKED BY | Number of total square feet in 2013

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01_OFFICE SPACE 2014_CS6.indd 64

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66 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

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2014-04-11 11:41 AM

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01_OFFICE SPACE 2014_CS6.indd 67

2014-04-11 10:45 AM

68 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

Office building directory

WEST VANCOUVER nad

NORTH VANCOUVER aH wy

India n Ar m

Trans-C a

Burrard Inlet

VANCOUVER CENTRAL BUSINESS DISTRICT NORTH

VANCOUVER CENTRAL BUSINESS DISTRICT SOUTH English Bay

Barnet

Hasting

s Nanaimo

SFU

UBC

Lou

ghe

VANCOUVER BROADWAY Cambie

Oak

Granville

Dunbar

VANCOUVER

Kin

COQUITLAM

gsw

BURNABY Lougheed

iver a s-C a nad

Frase r

rR se

PORT COQUITLAM

n Tra

Boundary Rd

Marine Dr

North A rm

NEW WESTMINSTER

Fra

41st Avenue 49th Avenue

Hwy

Rive r

Richmond Freeway Fra

Strait of Georgia

Westminster Hwy

RICHMOND iver er R

Highway 91

S ou th Ar

SURREY

DELTA YUKON

NORTHWEST TERRITORIES

ALASKA

QUEEN CHARLOTTE

King George Highway

s Fra

Highway 10

Highway 99

ALBERTA

BRITISH COLUMBIA

VANCOUVER ISLAND VANCOUVER VICTORIA SEATTLE

WASHINGTON

Boundary Bay

WHITE ROCK

BRITISH COLUMBIA, CANADA WASHINGTON, U.S. Refer to colour bars in the Ofﬁce Space Directory for speciﬁc areas

01_OFFICE SPACE 2014_CS6.indd 68

2014-04-11 10:45 AM

AT I

RA TE

ER OP

VA TE

NT AL

166

1979

1999

$24

$17.46

1550 Alberni St/Alberni Bldg

M/L–Wicklow West/Ross Petaske p604-689-5050

100,159

n/a

100,159 8

184

1972

2006

$18

$12.38

1 Alexander St/The Dunn Bldg

M–Cowan Properties/Tyrol Russell p604-834-3545/ L–Corbel Commercial Inc/Robert Tham/Marc Saul p604-609-0882

22,464

13,116

35,580

n/a

2006

n/a

$13

190 Alexander St/Harbourview

M–Anthem Properties/Alexa Baughen p604-689-3040/ L–Corbel Commercial Inc/Robert Tham/Marc Saul p604-609-0882

39,634

n/a

39,634

1979

n/a

$12.46

560 Beatty St

M–Cowan Properties/Tyrol Russell p604-834-3545/ L–Corbel Commercial Inc/Robert Tham/Marc Saul p604-609-0882

26,700

5,300

32,000

1920

n/a

$9.20

564 Beatty St

M–Reliance Properties/Steve Horovitz p604-683-2404/ L–Reliance Properties/Steve Horovitz/Jeff Toews p604-689-1119

35,900

9,900

45,800

1909

2013

$29

$13

780 Beatty St

M–Petrina Group/Leo Poulos p604-734-3400/L–Petrina Enterprises

32,908

n/a

39,487

1914

1989

$15.75

$12.96

788 Beatty St

M–Reliance Properties/Steve Horovitz p604-684-8890/ L–Reliance Properties/Steve Horovitz/Jeff Toews p604-683-2404

54,000

11,000

65,000

1910

1985

$17

$9.84

200 Burrard St/Waterfront Centre

M–Cadillac Fairview/Lesley Heieis p604-646-8020/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

364,997

29,158

394,155 21

1990

n/a

$23.91

•

355 Burrard St/The Marine Bldg

M–Oxford Properties/Steve Patrick p604-893-3206/ L–Oxford Properties/Ted Mildon p604-893-3230

145,727

23,403

169,130 22

1930

1989

$33

$20.60

•

505 Burrard St/Bentall One

M–Ivanhoe Cambridge/Doug MacDougall p778-328-5960/ L–Ivanhoe Cambridge/Matthew Schaffers

248,700

n/a

259,785 22

525

1967

2003

n/a

$23.01

•

510 Burrard St

M–Manulife Financial/Kathy Ireland p604-717-8232/ L–Manulife Financial/Cheryl Wong p604-717-8235

205,000

n/a

205,055 14

165

1985

2003

n/a

$19.36

•

550 Burrard St/Bentall Five

M–Bentall Kennedy/Jon Wellman p604-661-5056/L–Bentall Kennedy/Jeff Lim p604-661-5000

577,976

n/a

577,976 33

975

2002

2007

n/a

$20.81

•

555 Burrard St/Bentall Two

M–Ivanhoe Cambridge/Doug McDougall p778-328-5960/ L–Ivanhoe Cambridge/Matthew Schaeffers

165,948

7,461

173,409 18

1,059 1969

2003

n/a

$22.34

•

595 Burrard St/Bentall Three

M–Ivanhoe Cambridge/Doug MacDougall p778-328-5960/ L–Ivanhoe Cambridge/Matthew Schaeffers

464,641

14,601

490,639 32

1,059 1974

1994

n/a

$20.93

•

666 Burrard St/Park Place

M–GWL Realty Advisors/Frank Vecchio p604-713-8913/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

576,840

21,778

598,619 35

560

1984

2007

$35

$20.31

•

999 Canada Pl/World Trade Centre Ofﬁce Complex

M–Ocean Paciﬁc Management/Kim Clark p604-682-7391/ L–Colliers/John Freyvogel p604-661-0806

210,000

n/a

210,000 6

160

1986

2000

$32

$17.89

•

425 Carrall St/Old BC Electric Bldg

M–Anthem Properties/Alexa Baughen p604-689-3040/ L–Corbel Commercial Inc/Marc Saul/Robert Tham p604-609-0882

91,294

10,193

101,487 6

100

1912

n/a

$11.16

•

601 Cordova St W/The Station

M–Cadillac Fairview/Lesley Heieis p604-646-8020/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

83,047

n/a

85,967

173

1913

1980

n/a

$16.28

•

777 Dunsmuir St/Paciﬁc Centre Tower IV

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

264,088

n/a

264,088 19

398

1990

2005

n/a

$21.70

•

885 Dunsmuir St

M–West Pender Property Group/Gail Gossen p604-638-0331/ L–West Pender Property Management/Colin Murray p604-638-0327

95,389

6,992

106,989 10

1970

n/a

$24

$15.47

•

888 Dunsmuir St/XCHANGE Conference Centre

M–Standard Life Assurance p604-664-8040/ L–CBRE Ltd/Tara Finnegan/Michael White p604-662-5159

89,730

4,632

94,362

120

1991

n/a

$23

$19.31

1055 Dunsmuir St/Bentall Four

M–Ivanhoe Cambridge/Doug MacDougall p778-328-5960/ L–Ivanhoe Cambridge/Matthew Schaeffers

523,132

19,792

547,956 35

475

1981

1998

n/a

$21.56

•

401 Georgia St W

M–Oxford Properties/Jesse Hague p604-893-3206/L–Oxford Properties/Chuck We p604-893-3257

267,296

1,780

269,076 22

195

1985

1997

$33

$21.10

•

475 Georgia St W/BC Turf Bldg

M–Austeville Properties/Scott Reid p604-216-5500/L–Colliers/John Freyvogel p604-661-0806

103,361

n/a

103,361 10

1974

n/a

$22

$18.06

•

520 Georgia St W/Telus Gardens

M–Telus Holdings p604-684-5852/L–Cushman & Wakeﬁeld Ltd/Mark Chambers p604-640-5880

477,185

n/a

477,185 24

280

2014

n/a

$20.32

555 Georgia St W/The Randall Bldg

M–Sutton Broadview/Kim Jow p604-738-1000/L–RPM Realty/Roy Gibbs p604-684-8291

30,000

10,000

40,000

1928

1990

$19

$14

650 Georgia St W/Vancouver Centre

M–GWL Realty Advisors/Randy Felty p604-713-6481/ L–GWL Realty Advisors/Steffan Smith p604-713-6480

385,878

84,816

470,694 34

549

1977

1999

$35

$21.36

•

700 Georgia St W/TD Bank Tower (Paciﬁc Centre)

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

471,000

n/a

471,000 30

1,975 1972

2004

n/a

$21.72

•

701 Georgia St W/Paciﬁc Centre Tower II

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

216,613

n/a

216,613 18

1,575 1975

2010

n/a

$21.35

•

885 Georgia St W/HSBC Bldg

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

364,713

18,182

382,895 23

450

1986

n/a

$21.70

•

925 Georgia St W/Cathedral Place

M/L–Shon Group Realty/Maria Johnson p604-669-3312

307,398

8,616

316,014 23

351

1991

2008

$35

$19.20

•

1030 Georgia St W/Burrard Bldg

M–PCI Developments/Deryk Brower p604-331-5228/L–CBRE Ltd/Bill Coulter/Eli Applebaum p604-662-3000

207,095

n/a

250,000 19

158

1957

1990

n/a

$18.02

•

1040 Georgia St W/The Grosvenor Bldg

M–SDM Realty Advisors/Dale Mumford p778-383-6273/ L–SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

195,118

8,648

203,766 22

236

1984

n/a

•

1055 Georgia St W/Royal Centre

M–Brookﬁeld Properties/Vicki Bissett p604-602-4805/ L–Avison Young/Justin Omichinski p604-646-8387

433,300

n/a

853,000 37

736

1973

2012

$34

$22.52

•

1075 Georgia St W

M–Bentall Kennedy/Marjo McDougall p604-661-5017/ L–Bentall Kennedy/Jeff Lim p604-661-5619

340,700

7,300

348,000 26

226

1968

2002

n/a

$19.68

•

1111 Georgia St W/FortisBC Centre

M–TA Management/Lee Medd p604-683-1628/L–CBRE Ltd/Bill Coulter p604-662-3000

349,140

n/a

349,140 24

394

1992

2003

n/a

$20.49

•

M BO

NG KI

AR YE

EY OR

TA I RE

FIC OF

AV CO ER A ST GE

GE AV E

192,814 16

PA R

25,464

16,350

TA L

M–Peterson Commercial p604-689-0603/ L–Peterson Commercial/Dave Kristen/Ivy Yung p604-688-4885

1166 Alberni St

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 69

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•

2014-04-11 10:45 AM

70 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

ER OP

VA TE

NT AL

AV CO ER A ST GE

155

1985

1992

n/a

$18.79

•

204,273 21

1980

1997

$27

$18.41

•

1281 Georgia St W/Georgia Bldg

M/L–Wicklow West/Ross Petaske p604-689-5050

72,257

n/a

72,257

1959

2006

$18

$13.64

1445 Georgia St W/Phileo Place

M–Turner Meakin/Brian Meakin p604-736-7020/ L–Colliers/Derek May/John Freyvogel p604-661-0837

35,411

4,209

39,620

1963

1999

$22

$14.17

•

1500 Georgia St W/1500 West Georgia

M–Morguard Investments/Michael Walker p604-681-9474/ L–Morguard Investments/Faye Tam p604-602-6450

189,397

3,693

193,090 20

135

1978

2003

n/a

•

200 Granville St/Granville Square

M–Cadillac Fairview/Lesley Heieis p604-646-8020/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

381,644

13,162

394,806 28

460

1973

2012

n/a

$21.70

•

320 Granville St

M–Carrera Management Corp/L–Carrera Management Corp/Jonathan Grimble p604-340-9018

380,000

n/a

380,000 32

n/a

409 Granville St/United Kingdom Bldg

M–Peterson Commercial p604-699-5209/ L–Peterson Commercial/Ivy Yung/David Kristen p604-688-4885

195,956

15,142

211,098 17

1961

1988

$23

$15.36

•

470 Granville St/Rogers Bldg

M–Equitable Real Estate/Mark Rahal/Jeannie Tam p604-683-7571/ L–Equitable Real Estate/Jeannie Tam

98,324

17,236

115,560 12

1911

n/a

$20

$13.28

•

543 Granville St/Bower Bldg

M–Harwood Corp p604-681-3401/L–Harwood Corp/Daen Campbell

67,526

n/a

67,526

1997

n/a

$28

$16

570 Granville St/Bower II

M/L–Harwood Corp/Daen Campbell p604-681-3401

75,000

n/a

95,000

2000

n/a

$28.50

$16

609 Granville St/Canaccord Genuity Pl

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

284,170

n/a

284,170 24

2005

n/a

$20.35

•

725 Granville St

M–Cadillac Fairview p604-630-5307/L–Cadillac Fairview/Lou Ficocelli

300,000

48,000

348,000 7

2014

n/a

•

736 Granville St/Vancouver Block

M–Equitable Real Estate/Mark Rahal/Jeannie Tam p604-683-7571/ L–Equitable Real Estate/Jeannie Tam

84,733

6,309

91,042

1912

2008

$23

$14.34

•

151 Hastings St W/Ormindale Block

M–Centron Group/L–Colliers/Stephen Moscovich/Dan Jordan p604-661-0843

23,559

12,012

35,611

2015

n/a

$34

$13.47

417 Hastings St W/Millar & Coe

L–Avison Young/Justin Omichinski/Michael Buchan p604-646-8387

23,043

12,000

35,043

1915

n/a

$16

510 Hastings St W/Standard Bldg

M–Aquilini Properties/David Stark p604-687-8813/L–Aquilini Properties LP p604-909-7433

115,128

n/a

115,128 15

1913

1989

$20

$11.75

555 Hastings St W/Harbour Centre

M–Harbour Centre Complex/Sophie Perndl p604-899-7365/ L–Colliers/John Freyvogel p604-661-0806

249,707

50,595

323,707 28

1977

2005

$30

$19.85

1,575 1981

700

M BO

BU AR

EY OR

TA I RE

FIC OF

AV E

165,810 16

4,594

PA R

18,964

199,979

146,846

M–GWL Realty Advisors/Jillian Mann p604-713-7724/ L–GWL Realty Advisors/Steffan Smith p604-713-6480

TA L

M–CREIT Management/Ryan Swire p604-683-1185/L–CBRE Ltd/Geoff Donelly p604-662-5130

1188 Georgia St W

1185 Georgia St W

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

•

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01_OFFICE SPACE 2014_CS6.indd 70

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2014-04-11 10:45 AM

AT I

RA TE

ER OP

VA TE

NT AL

1956

2003

$18

$11.87

609 Hastings St W/Princess Bldg

M–Paciﬁc Dawn Management p604-683-8843/ L–Colliers/Derek May/John Freyvogel p604-661-0837

27,483

n/a

27,483

1982

n/a

$23

$13

•

675 Hastings St W/Royal Bank Bldg

M–UPG Uptown Property Group/Donna Bisaro p604-688-7900/ L–UPG Uptown Property Group/Bart Slotman p604-688-7750

107,905

n/a

107,905 16

1930

2014

n/a

•

65,435

25,621

91,056

1908

1996

$24

$16.40

1910

1990

$20

$12.08

688 Hastings St W/Birks Place - The Kalen M–Talia Jevan Properties/Andre Fong p604-659-6000/ Capital Bldg L–Colliers/Derek May p604-661-0837

M BO

BU LA

AR YE

PA R

EY OR ST

TA I RE

FIC OF

AV CO ER A ST GE

75,000

10,000

65,000

TA L

M–Reliance Properties/Steve Horovitz p604-683-2404/ L–Reliance Properties/Steve Horovitz/Jeff Toews p604-689-1119

602 Hastings St W/Reliance Bldg

AV E

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 71

744 Hastings St W/Pemberton Bldg

M–Reliance Properties/Steve Horovitz p604-683-2404/ L–Reliance Properties/Jeff Toews/Steve Horovitz p604-689-1119

75,200

5,000

80,200

808 Hastings St W/Prime Capital Place

M–Martello Property Services/Wayne Smithies p604-681-6544/ L–DTZ Vancouver Real Estate/Jason Marriott

96,441

5,889

102,330 11

1982

2012

$21

$16

838 Hastings St W/Jameson House

L–NAI Commercial/Rob DesBrisay p604-608-5968

57,784

7,665

69,665

2011

n/a

$30

$19

850 Hastings St W/Credit Foncier

M–Triovest Realty Advisors/Nancy Westfall p604-642-4501/ L–Triovest Realty Advisors/Julie De Cotiis p604-642-4514

44,350

4,418

48,768

1914

1992

n/a

$17.45

•

900 Hastings St W/900 West Hastings

M–UPG Uptown Property Group/Donna Bisaro p604-688-7900/ L–UPG Uptown Property Group/Bart Slotman p604-688-7750

97,096

5,370

102,466 14

1966

2009

n/a

•

999 Hastings St W/AXA Place

M–Polaris Realty/Douglas Hume p604-684-4221/L–Colliers/John Freyvogel p604-661-0806

206,044

n/a

206,044 19

120

1981

2003

$33.50

$20.73

•

1021 Hastings St W/MNP Tower

M–Oxford Properties/Steve Patrick p604-893-3206/L–Oxford Properties/Chuck We p604-893-3257

271,260

n/a

271,260 35

280

2014

n/a

$40

$20

•

1055 Hastings St W/Guinness Tower

M–Oxford Properties/Steve Patrick p604-893-3206/ L–Oxford Properties/Ted Mildon p604-893-3230

252,339

3,858

256,373 25

234

1969

2004

$33

$21.92

•

1066 Hastings St W/Oceanic Plaza

M–Oxford Properties/Steve Patrick p604-893-3206/L–Oxford Properties/Chuck We p604-893-3257

331,128

21,209

352,337 26

228

1977

2004

$35

$21.08

•

1111 Hastings St W

M–Golden Properties/Angela Wong p604 689 1721/ L–Avison Young/Matthew Craig/Justin Omichinski p604-647-5076

95,814

n/a

107,459 13

250

1966

1996

$25

$14.49

•

1177 Hastings St W

M–Golden Properties/Angela Wong p604 689 1721/ L–Avison Young/Matthew Craig/Justin Omichinski p604-647-5076

305,000

13,448

340,999 27

596

1968

2009

$30

$16.64

•

1199 Hastings St W/Hastings Bldg

M/L–Wicklow West/Ross Petaske p604-689-5050

63,936

n/a

63,936

1968

1993

$28

$15.29

318 Homer St/Mercantile Bldg

M–Reliance Properties/Steve Horovitz p604-683-2404/ L–Reliance Properties/Steve Horovitz/Jeff Toews p604-689-1119

45,000

5,000

50,000

1910

1999

$17

$8.50

01_OFFICE SPACE 2014_CS6.indd 71

•

2014-04-11 10:45 AM

72 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

ER OP

VA TE

NT AL

•

149,500 21

457

1969

1996

n/a

$20.35

•

240,683 20

460

2002

n/a

$21.70

•

1912

n/a

$20

$14.42

•

369,000 31

2016

n/a

1935

n/a

3,255

43,851

1967

2003

$20

$18.22

125,400

5,874

131,274 14

1975

1993

$22

$17.35

L–CBRE Ltd/Bill Coulter/Eli Applebaum p604-662-5131

80,000

n/a

80,000

1927

2010

n/a

$18

M–Bentall Kennedy/Michael Cole p604-661-5632/L–Bentall Kennedy/Jeff Lim p604-661-5619

150,311

9,254

159,565 16

114

1982

2006

n/a

$16.13

1111 Melville St

M–Porandom Management/Connie Chau p604-687-6790/ L–Cushman & Wakeﬁeld/Jennifer Robertson p604-683-3111

105,372

n/a

116,544 12

112

1976

n/a

$24

$15.95

1190 Melville St/Wyland Bldg

M–Reliance Properties/Steve Horovitz p604-683-2404 /L–Reliance Properties/Steve Horovitz/Jeff Toews p604-689-1119

41,000

7,000

48,000

1965

1999

$18

$11.90

740 Nicola St

M–Keneco Management/L–Colliers/Derek May p604-661-0837

20,000

n/a

20,000

1967

n/a

$19

$16.20

119 Pender St W/Duncan Bldg

M–Equitable Real Estate/Mark Rahal/Jeannie Tam p604-683-7571/ L–Equitable Real Estate/Jeannie Tam

51,239

8,847

60,286

1911

n/a

$21

$12.20

•

128 Pender St W/Sun Tower

M–Allied Properties REIT p604-683-5002/L–CBRE Ltd/Tara Finnegan p604-662-5159

82,300

6,000

88,300

1912

2011

n/a

$16.41

•

303 Pender St W

M–Colliers/L–Colliers/John Freyvogel p604-661-0806

24,000

6,000

30,000

1900

n/a

$14

•

319 Pender St W

M–Eagle Harbour Management Ltd/ L–Eagle Harbour Management Ltd/Geoff McLeod p604-657-1992

25,000

n/a

1970

n/a

402 Pender St W/BC Securities Bldg

M–Reliance Properties/Steve Horovitz p604-683-2404/ L–Reliance Properties/Steve Horovitz/Jeff Toews p604-689-1119

40,000

5,000

45,000

1912

n/a

$17

$10

538 Pender St W

L–Colliers/Marco DiPaolo/Simon Lim p604-661-0838

71,543

5,294

76,837

2016

n/a

$32

$19

55,196

777 Hornby St

M–Bentall Kennedy/Michael Cole p604-661-5632/L–Bentall Kennedy/Jeff Lim p604-661-5619

138,100

11,400

250 Howe St/PricewaterhouseCoopers Place

M–Cadillac Fairview/Lesley Heieis p604-646-8020/ L–Cadillac Fairview/Lou Ficocelli p604-630-5307

238,412

2,271

325 Howe St/Paciﬁc Coast Bldg

M–Equitable Real Estate/Mark Rahal/Jeannie Tam p604-683-7571/ L–Equitable Real Estate/Jeannie Tam

32,725

3,944

36,669

475 Howe St/The Exchange

M–Credit Suisse p212-325-2000/L–CBRE Ltd/Bill Coulter p604-662-5131

369,000

n/a

535 Howe St

M–Enchanting Int’l Properties p604-682-8002/L–Enchanting Int’l Properties/Elizabeth Lou

22,500

n/a

549 Howe St

M–Arcturus Realty p416-862-6100/L–RPM Realty/Paul Oteman/Holly Kingan p604-684-8291

40,596

625 Howe St/Standard Life Bldg

M–Standard Life Assurance p604-664-8040/L–CBRE Ltd/Tara Finnegan p604-662-5159

669 Howe St/Ofﬁces at Hotel Georgia 1100 Melville St/Sun Life Plaza

120

M BO

BU AR

EY OR

TA I RE

FIC OF

2,376

AV CO ER A ST GE

$17.44

52,820

RA AV E

$23

M–West Pender Property Group/Gail Gossen p604-638-0331/ L–West Pender Property Management/Colin Murray p604-638-0327

PA R

2000

580 Hornby St

1986

TA L

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

•

As a dealer and select authorized dealer for various suppliers, we can SAVE you money! Services: · General Contractors & Project Management · Architectural & Construction Design · Flooring & Carpeting · Millwork • Trim & Finish Carpentry • Wall Finishing > Painting Wall Coverings > Drywall Repair & Plastering • Sun Screens & Window Coverings Call For a Free Consultation: 778-998-9657 Vancouver 604-396-6366 Vancouver 416-499-9517 Toronto mathew@hylan.ca www.hylan.ca

01_OFFICE SPACE 2014_CS6.indd 72

2014-04-11 10:45 AM

AT I

RA TE

ER OP

VA TE

NT AL

1972

2000

n/a

$19.81

•

750 Pender St W/Pender Place II

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Carson Pennock p604-630-5305

141,879

3,890

145,769 17

116

1974

2000

n/a

$19.81

•

789 Pender St W

M–Triovest Realty Advisors/Nancy Westfall p604-642-4501/ L–Triovest Realty Advisors/Julie De Cotiis p604-642-4501

108,717

10,392

119,109 15

1929

1991

n/a

$17.06

•

800 Pender St W

M–West Pender Property Group/Gail Gossen p604-638-0331/ L–West Pender Property Management/Colin Murray p604-638-0327

106,550

6,284

112,834 15

1978

1999

$25

$17.50

•

889 Pender St W/Pender Paciﬁc

M–Impex Management Ltd p604-688-9720/ L–Re/Max Commercial Advantage/Moojan Azizi p604-899-9293

34,406

2,060

38,792

1984

n/a

$22

$13.60

890 Pender St W

M–West Pender Property Group/Gail Gossen p604-683-0331/ L–West Pender Property Management/Colin Murray p604-638-0327

55,816

6,663

62,479

1965

1998

$23

$16.20

•

905 Pender St W/ King George Development Bldg

M–Colliers/L–Colliers/Derek May p604-661-0837

32,400

n/a

32,400

1963

2002

n/a

$16.56

•

1050 Pender St W

M–Bentall Kennedy/Bruce Tanner p604-661-5084/L–Bentall Kennedy/Jeff Rank p604-661-5090

220,129

n/a

220,129 22

1973

1993

n/a

$16.67

•

1090 Pender St W

M–Bentall Kennedy/Bruce Tanner p604-661-5084/ L–Bentall Kennedy/David Haugen p604-661-5679

71,297

5,202

76,499

1971

1999

n/a

$16.54

•

1095 Pender St W/Manulife Place

M–Manulife Financial/Kathy Ireland p604-717-8232/ L–Manulife Financial/Cheryl Wong p604-717-8235

210,000

4,000

214,000 22

186

1991

2003

n/a

$20.22

•

1112 Pender St W

M–Highland West Properties p604-689-3866/L–Avison Young/Fergus Cameron p604-647-5099

57,190

n/a

57,190

1963

n/a

$23

$16.56

•

1130 Pender St W

M–Bentall Kennedy/Michael Cole p604-661-5632/L–Bentall Kennedy/Jeff Lim p604-661-5619

137,868

2,312

140,180 15

115

1980

2006

n/a

$17.01

•

1140 Pender St W/SunLife Financial Centre M–Bentall Kennedy/Michael Cole p604-661-5632/L–Bentall Kennedy/Jeff Lim p604-661-5619

167,087

3,300

170,778 18

149

1984

2006

n/a

$16.60

•

1155 Pender St W/Shorehill Bldg

M/L–Wicklow West/Ross Petaske p604-689-5050

83,068

n/a

83,068

1967

2003

$18

$12.51

1166 Pender St W/Revenue Canada

M–Triovest Realty Advisors/May Lee p604-642-4511/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

139,569

n/a

139,569 16

105

1975

2004

n/a

$16.58

1199 Pender St W

M/L–Wertman Development/Jason Wertman p604-681-1168

72,000

14,000

86,000

1955

2003

$25

$14.13

1201 Pender St W/E A House

M/L–Wicklow West/Ross Petaske p604-689-5050

59,483

n/a

59,483

102

1966

2008

$18

$14.31

1208 Pender St W/The Ritz

L–DTZ Vancouver/Mark Trepp/Corbin MacDonald p 604-630-3370

27,644

n/a

27,644

2008

n/a

$27

$14

M BO

BU AR

EY OR

TA I RE

FIC OF

247

AV CO ER A ST GE

202

RA AV E

148,172 17

PA R

5,539

142,633

TA L

M–Cadillac Fairview/Ultan Kampff p604-688-7236/ L–Cadillac Fairview/Carson Pennock p604-630-5305

700 Pender St W/Pender Place I

ILT

ST AL

ET FE RE UA

UA SQ

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 73

•

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01_OFFICE SPACE 2014_CS6.indd 73

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2014-04-11 10:45 AM

74 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

ER OP

VA TE

NT AL

2013

n/a

$35

$17.50

93,421

1956

2013

n/a

79,950

1947

1992

$18

$15.63

n/a

47,949

1914

1990

$17

$11.47

26,305

n/a

31,000

1910

2000

n/a

$10.80

31,168

7,107

38,275

1971

n/a

$15

$12.75

L–Colliers/Marco DiPaolo p604-661-0838

27,707

n/a

27,707

1925

2013

n/a

$15

535 Thurlow St/Phillips Bldg

M–Onni Group/Jamie Fiander p604-602-7711/L–Colliers/Dan Jordan/Derek May p604-692-1472

51,173

n/a

51,173

1966

1990

$20

$11.59

•

745 Thurlow St

M–Bentall Kennedy p604-661-5000/L–Bentall Kennedy/Jeff Rank p604-661-5090

365,000

35,000

430,000 25

2013

n/a

•

68 Water St/Deighton Bldg

L–HQ Real Estate Services/John Moody p778-837-3760

27,000

9,500

n/a

1899

1980

$20

$11.25

305 Water St

L–Corbel Commercial Inc/Robert Tham/Marc Saul p604-609-0882

20,000

4,000

24,000

1910

2012

n/a

$13

353 Water St

L–Corbel Commercial Inc/Robert Tham/Marc Saul p604-609-0882

23,907

3,773

27,681

1971

1991

n/a

$14

n/a

30,353

138,308

n/a

144,000 16

720 Robson St

L–CBRE Ltd/Geoff Donelly p604-662-5130

21,009

n/a

21,009

969 Robson St/Robson Central

M–Morguard Investments/Michael Walker p604-681-9474/ L–Morguard Investments/Faye Tam p604-602-6450

79,709

13,712

1155 Robson St/John Robson Place

M–PCI Developments p604-331-5228/L–CBRE Ltd/Bill Coulter/Eli Applebaum p604-662-5131

78,964

525 Seymour St/Seymour Bldg

M–Aquilini Properties/David Stark p604-687-8813/ L–Aquilini Properties/Drew Hardisty p604-909-7943

43,807

576 Seymour St/Arts & Crafts Bldg

L–MacDonald Commercial/Eric Poon p604-736-5611

698 Seymour St/Seymour Bldg

M–Colliers/L–Colliers/Dan Jordan p604-692-1472

638 Smithe St/Vancouver Motors Bldg

170

M BO

BU AR

PA R

EY OR ST

TA I

E FIC OF

30,353

M–Unimet Investments p604-688-1883/L–RPM Realty/Holly Kingan p604-684-8291

AV CO ER A ST GE

$16.51

M–Lumberman’s Building Corp/L–Corbel Commercial Inc/Robert Tham/Marc Saul p604-609-0882

605 Robson St/Vancouver House

$12.92

$25

509 Richards St/The Lumberman’s Bldg

n/a

2007

1989

TA L

1912

AV E

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

•

VANCOUVER DOWNTOWN SOUTH 858 Beatty St/Pivotal Bldg

M–PCI Development Corp p604-684-1151/L–CBRE Ltd/Blair Quinn p604-662-5161

171,256

n/a

171,256 7

416

2002

n/a

$35

$18.8

1200 Burrard St

L–CBRE Ltd/Geoff Donelly p604-662-5130

61,525

9,000

70,525

1979

1999

n/a

$16.5

1290 Burrard St/Burrard Gateway

M–Reliance Properties Ltd p604-689-1119/L–Reliance Properties Ltd/Steve Horovitz/Jeff Toews

129,099

n/a

129,099 13

n/a

1380 Burrard St/Kilborn Bldg

M–Bentall Kennedy/Petra Pockay p604-646-2869/ L–Bentall Kennedy/Jeff Lim p604-661-5619

109,700

n/a

114,256 7

1982

2001

n/a

$16.12

835 Cambie St

L–CBRE Ltd/Geoff Donelly p604-662-5130

94,000

n/a

94,000

n/a

$18

$17.1

840 Cambie St

M–Allied Properties REIT p604-683-5002/ L–CBRE Ltd/Eli Appelbaum/Tara Finnegan p604-662-5159

70,000

n/a

97,500

1920

2009

n/a

$15.75

117

•

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01_OFFICE SPACE 2014_CS6.indd 74

2014-04-11 10:45 AM

M–Soco Investments Inc p604-685-8471/L–CBRE Ltd/Blair Quinn p604-662-5161

63,000

8,000

71,000

1028 Hamilton St

L–CBRE Ltd/Geoff Donelly p604-662-5130

24,000

n/a

24,000

1040 Hamilton St/Yaletown Centre

M–MDC Property Services p604-678-0244/L–CBRE Ltd/Tara Finnegan p604-662-5159

42,000

n/a

48,000

1168 Hamilton St

M–BC Centre 86/Paula Eng p604-682-1339/L–Cushman & Wakeﬁeld/Iain Young p604-640-5807

46,200

n/a

46,200

860 Homer St/The Beasley

L–Cushman & Wakeﬁeld/Boe Iravani p604-640-5837

21,000

n/a

21,000

990 Homer St

L–Avison Young/Fergus Cameron p604-647-5099

43,856

n/a

1008 Homer St/North Western Bldg

M–The Management Group/Moreno Zen p604-681-1816/ L–DTZ Vancouver Real Estate/Meghan Kennedy/James Bayley p604-630-3406

44,500

1052 Homer St

L–Avison Young/Matt Walker p604-647-5074

1085 Homer St/The Cossette

L–Colliers/Colin Scarlett p604-661-0879

1090 Homer St

AT I

RA TE

ER A

RE GE

AR YE

OP M

929 Granville St

AV CO ER A ST GE

n/a

NT AL

VA TE

65,000

n/a

106,581

AV E

65,000

L–CBRE Ltd/Blair Quinn p604-662-5181

M–Colliers/Ching-Lei Lee p604-692-1409/L–DTZ Vancouver/Mark Trepp p604-630-3370

89 Georgia St W

1001-1085 Cambie St/Yaletown Mews

ILT

ST AL

30,200

92,000

6,200

PA R

n/a

24,000

S EY OR ST

92,000

M/L–Petrina Enterprises/Leo Poulos p604-734-3400

M–BC Law Society p604-669-2533/L–CBRE Ltd/Geoff Donelly p604-662-5130

896 Cambie St

845 Cambie St/Law Society Bldg

ET FE RE UA

TA L

LS TA I

UA SQ

M–Management company/Contact pphone L–Leasing company/Contact pphone

FIC

Address/Building name

| 75

1984

1992

n/a

$12

1937

1980

$21

n/a

1990

n/a

$20

$18.71

2016

n/a

$18

1900

1989

$22

$13.80

1960

2013

n/a

$16.50

1912

1988

n/a

$15.21

1916

1989

$25

$13.90

2011

n/a

$35

$14.25

45,000

1950

2000

$23

$15.20

n/a

60,000

1908

1998

$35

$11

43,493

n/a

43,493

1950

1985

$30

$11.91

41,000

n/a

54,000

2003

n/a

$17.48

M–LaSalle Investment Management p604-608-0806/ L–DTZ Vancouver/Mark Trepp p604-630-3370

36,140

27,523

6,663

1917

1993

$28

$19.11

1140 Homer St/Homer Court

M–Transpaciﬁc Realty p604-661-0669/ L–Corbel Commercial/Robert Tham/Marc Saul p604-609-0882

26,000

n/a

28,000

1912

1991

$14.25

$17.50

1250 Homer St

M–Crosby Property Management/L–Cushman & Wakeﬁeld/Iain Young p604-640-5807

26,000

n/a

32,500

2002

n/a

$25

$16.67

1286 Homer St

L–CBRE Ltd/Tara Finnegan p604-662-5159

20,424

n/a

20,424

1910

n/a

$14

900 Howe St

M–Atelier Capital Partners Inc p604-669-9090/L–Avison Young/Matt Walker p604-647-5074

97,840

5,624

103,464 10

109

1987

n/a

$26

$15.12

•

980 Howe St

M–Manulife Real Estate/Kathy Ireland p604-717-8235/L–Manulife Real Estate/Cheryl Wong

250,000

n/a

250,000 16

217

2015

n/a

$17

•

1045 Howe St

M–1045 Howe St Holdings/L–CBRE Ltd/Geoff Donelly p604-662-5130

98,785

2,361

101,146 9

1973

2007

n/a

$15.94

1080 Howe St/The Victoria

L–Colliers/Brian MacKenzie p604-661-0829

36,000

n/a

36,000

1993

n/a

$19.50

$12.70

1125 Howe St/Vanso Bldg

M/L–Wicklow West/Ross Petaske p604-689-5050

128,912

n/a

128,912 14

150

1985

2007

$22

$12.10

910 Mainland St/Mainland Tech Centre

M–910 Mainland Management p604-687-2554/L–Avison Young/Matthew Craig p604-647-5076

289,500

n/a

270

2002

n/a

$11.31

12 3

• •

•

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01_OFFICE SPACE 2014_CS6.indd 75

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76 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

1991

n/a

$14

1152 Mainland St/Yaletown Bldg

L–Avison Young/Matthew Craig p604-647-5076

34,244

n/a

38,444

1911

1990

n/a

$13

808 Nelson St/Nelson Square

M–Nelson Square Management/Rose Ma p604-684-2472/ L–Cushman & Wakeﬁeld/Jennifer Robertson p604-640-5894

190,000

n/a

190,000 25

235

1982

1999

n/a

$17.59

1915

AV CO ER A ST GE

AV E

81,145

VA TE

NT AL

RE GE

AR YE ST

ILT

ST AL AR

20,812

PA R

S EY

60,333

M–Mainland Ventures/Alan Firth p604-732-6540/ L–DTZ Vancouver/Mark Trepp/Corbin Macdonald p604-630-3370

1122 Mainland St

ET FE RE UA

SQ TA L

TA I

M–Management company/Contact pphone L–Leasing company/Contact pphone

FIC

Address/Building name

Office building directory

VANCOUVER BROADWAY — SURROUNDING AREA 380 2nd Ave W

L–NAI Commercial/Rob DesBrisay p604-691-6602

33,436

n/a

33,436

1962

n/a

$22

$7.88

429 2nd Ave W/The Maynard Block

L–CBRE Ltd/Tara Finnegan p604-662-5159

27,000

n/a

27,000

2012

n/a

1505 2nd Ave W/Main Gate

M–Gulf Paciﬁc Group p604-990-1500/L–Avison Young/Justin Omichinski p604-646-8387

30,767

n/a

30,767

1988

2004

n/a

$13.50

1639 2nd Ave W

M–Dan Schroeter Consulting/Dan Schroeter p604-736-9760/ L–DTZ Vancouver/Howard Malchy/Steve Schweigert p604-895-2226

20,950

6,544

n/a

1993

2006

n/a

$14

112 3rd Ave E/Third Avenue Bldg

M–Martello Property Services/Christian Deserto p604-681-6544/ L–DTZ Vancouver Real Estate/Ryan Saunders

31,000

n/a

31,000

n/a

2005

$12

$7.50

1523 3rd Ave W

M–3132 Investments Ltd/L–Cushman & Wakeﬁeld/Ernie Corlett p604-683-3111

27,886

n/a

31,891

1975

n/a

$8.67

111 5th Ave E/Data Centres

M–Oxford Properties/Steve Patrick p604-893-3206/L–CBRE Ltd/Blair Quinn p604-662-3000

80,988

n/a

90,000

196

1977

n/a

$18

$18.10

•

1600 6th Ave W/Garden Ofﬁces

M–CBRE Ltd p604-662-5132/L–CBRE Ltd/Brad Haw

22,648

n/a

23,400

1984

n/a

$14

$13.94

•

555 8th Ave W/Echelon Centre I

M–Cressy Development Corp/L–Colliers/Dan Jordan p604-692-1472

49,202

n/a

49,202

220

1992

n/a

$14.52

575 8th Ave W/Echelon Centre II

M–Cressey Development Corp p604-683-1256/L–Colliers/Dan Jordan p604-692-1472

62,292

n/a

62,292

125

1993

n/a

$14.52

2930 Arbutus St

L–Colliers/Brian MacKenzie p604-661-0829

35,000

n/a

35,000

1990

n/a

$17

$13.50

1669 Broadway E/Grandview Woodlands

M–Wesgroup Properties p604-633-2898/ L–Cushman & Wakeﬁeld/Chris Newton/Matthew MacLean p604-640-5802

47,940

12,845

60,785

2010

n/a

$25

$14.28

210 Broadway W

L–CBRE Ltd/Geoff Donelly p604-662-5130

24,750

n/a

26,000

1982

n/a

$25

$14.50

507 Broadway W/Cross Roads Complex

M–Triovest Realty Advisors/Pauline Ashton p604-484-0906/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

101,728

122,229 223,957 7

500

2009

n/a

$20.54

4088 Cambie St

L–Macdonald Commercial/Eric Poon p604-736-5611

1991

n/a

$20

$12

207

1978

1992

$25

$15

22,842

6,898

30,408

1441 Creekside Dr/BC Credit Union Centre M–BCUU/Terry Reagh p604-734-2511/ L–Cushman & Wakeﬁeld/Paul Carrothers/Matthew MacLean p604-640-5842

98,000

n/a

125,850 9

1933 Fraser St/The Centre for Digital Media

M–Great Northern Way Trust/ L–CBRE Ltd/Blair Quinn/Kevin Nelson/Zach Wittenberg p604-662-3000

60,358

n/a

60,358

2015

n/a

$26

$16

555 Great Northern Way/ The Centre for Digital Media

M–Great Northern Way Trust/L–CBRE Ltd/Blair Quinn/Zach Wittenberg p604-662-3000

112,851

n/a

$10.50

333 Terminal Ave

M–369 Terminal Holdings/Irwin Lee p604-605-0166/ L–DTZ Vancouver/Conor Finucane/Howard Malchy p604-895-2226

114,000

n/a

133,000 8

1990

1996

$18

$10

151

•

468 Terminal Ave/Containers Phase Two

M–Rize Alliance Properties/L–Jones Lang LaSalle/Matthew Brown/Norm Taylor p604-998-6022

130,000

10,000

220,000 7

2015

n/a

2920 Virtual Way/ Broadway Tech Centre - Bldg 6

M–Bentall Kennedy/Ashley MacDougall p604-638-1266/ L–Bentall Kennedy/Jeff Rank p604-661-5090

160,000

10,000

175,000 4

2015

n/a

•

2925 Virtual Way/ Broadway Tech Centre - Bldg 1

M–Bentall Kennedy/Ashley MacDougall p604-638-1266/ L–Bentall Kennedy/Jeff Rank p604-661-5090

113,941

n/a

113,941 4

2008

n/a

$15.27

•

2955 Virtual Way/ Broadway Tech Centre - Bldg 2

M–Bentall Kennedy/Ashley MacDougall p604-638-1266/ L–Bentall Kennedy/Jeff Rank p604-661-5090

147,118

n/a

147,118 5

2001

n/a

$15.04

•

2985 Virtual Way/ Broadway Tech Centre - Bldg 3

M–Bentall Kennedy p604-638-1266/L–Bentall Kennedy/Jeff Rank p604-661-5090

113,932

n/a

113,932 4

2001

n/a

$15.77

•

20,000

n/a

21,999

1974

n/a

$10.50

VANCOUVER BROADWAY CORRIDOR 1682 7th Ave W

L–Colliers/Derek May p604-6610837

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1860 Broadway St., Port Coquitlam BC V3C 2N1 Ph: 604 464 8465 Fax: 604 464 8464 www.metrocompactorwest.com

2014-04-11 10:46 AM

AT I

RA TE

ER OP

VA TE

NT AL

162

1985

2001

$22

$15.24

•

1385 8th Ave W

M–Triovest Realty Advisors/Pauline Ashton p604-484-0906/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

82,678

4,331

87,009

161

1982

2008

n/a

$17.06

•

1401 8th Ave W/Malvern Bldg

M/L–Wicklow West/Ross Petaske p604-689-5050

54,544

n/a

54,544

109

1979

2004

$16

$14.23

1525 8th Ave W

L–CBRE Ltd/Brad Haw p604-662-5132

20,800

n/a

20,800

1973

n/a

1620 8th Ave W

L–CBRE Ltd/Brad Haw p604-662-3000

45,000

n/a

45,000

1973

n/a

$15.94

601 Broadway W/Broadway Plaza

M–Broadway Plaza Management/L–CBRE Ltd/Brad Haw p604-662-3000

132,000

n/a

132,000 12

1980

n/a

$23

$16.09

750 Broadway W/Fairmont Medical Bldg

M–Peterson Commercial/Stefanie Weng p604-689-0603/ L–Peterson Commercial/Dave Kristen/Ivy Yung p604-699-2285

122,880

13,761

136,641 14

144

1960

1997

$25

$19.17

777 Broadway W

M–777 West Broadway Holdings/L–CBRE Ltd/Geoff Donelly p604-662-5130

53,000

n/a

75,000

156

1988

n/a

$18.50

805 Broadway W/805 Broadway Centre

M–Frank Stanzl Construction Ltd p604-872-7223/ L–SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

81,025

19,832

100,857 19

300

1974

n/a

812 Broadway W/Willow Medical Bldg

M/L–Prospero Int’l/Jeff Nightingale p604-669-7733

20,500

5,202

25,702

1971

n/a

$17

$18.02

988 Broadway W/Broadway & Oak

L–Colliers/Marco DiPaolo/Doug LePatourel p604-661-0838

82,000

8,000

90,000

2012

n/a

$33.50

$14.50

1001 Broadway W

M–Rosebud Properties Ltd p604-738-4777/ L–DTZ Vancouver/Conor Finucane/Mark Trepp p604-630-3375

46,659

10,401

57,060

134

1989

2008

$25

$16.84

1212 Broadway W/BC Heart Bldg

M–Colliers/Daniel Mok p604-662-2687/L–Colliers/Derek May p604-661-0837

40,845

7,187

48,032

102

1981

n/a

$20

$13.51

•

1285 Broadway W

M–Triovest Realty Advisors/Pauline Ashton p604-484-0906/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

83,821

23,485

107,306 8

220

1984

2014

n/a

$16.87

•

1333 Broadway W

M–Triovest Realty Advisors/Pauline Ashton p604-484-0906/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

162,930

23,304

186,234 14

419

1991

n/a

$17.69

•

1367 Broadway W/The Broadway

M–Boultbee Realty/Karen Clarke p604-661-7152/L–CBRE Ltd/Brad Haw p604-662-5132

45,169

n/a

45,169

1988

2009

$29

$14.79

1401 Broadway W

M–Warrington PCI/L–CBRE Ltd/Brad Haw p604-662-3000

24,000

n/a

34,000

1994

n/a

$22

$18

•

1497 Broadway W/Royal Bank Bldg

M–Triovest Realty Advisors/May Lee p604-642-4511/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

40,797

8,225

49,022

1959

n/a

$16.66

•

1501 Broadway W/The Clock Tower

M–Gammon International/L–CBRE Ltd/John Collins/Tim Madura p604-662-3000

23,988

n/a

23,988

1986

n/a

$17

$18.07

•

1755 Broadway W

L–CBRE Ltd/Brad Haw p604-662-3000

66,568

n/a

66,568

170

1970

2003

$20

$13.33

1847 Broadway W/Orr Bldg

M–Orr Development p604-731-8261/L–CBRE Ltd/Brad Haw p604-662-5132

25,129

n/a

25,129

1956

1993

$19

$10.50

•

2150 Broadway W

M–Martello Property Services/Lorraine Manson p604-681-6544/ L–Colliers/Brian MacKenzie p604-661-0841

88,000

5,000

93,000

225

1980

2005

$20

$15.19

•

2590 Granville St/Chapman Bldg

M–Turner Meakin/Brian Meakin p604-736-7020/ L–DTZ Vancouver/Conor Finucane/Howard Malchy p604-630-3375

21,398

n/a

1920

1971

$16

$16.52

•

2608 Granville St/South Granville Centre

M–Macdonald Commercial/Nick Marini p604-736-5611/L–Macdonald Commercial/Eric Poon

58,204

38,280

96,484

196

1974

2002

$21

$19.18

M–Hollyburn Properties p604-926-7345/L–Colliers/Casey Pollard p604-681-4111

25,017

n/a

42,017

106

1970

1995

$25

$9.50

27,500

n/a

27,500

1969

1992

$19

$18.42

•

1979

n/a

$20

$15.26

•

n/a

$23

$14

1975

n/a

1978

1999

$15

$10.77

M BO

BU LA

AR YE

PA R

EY OR ST

TA I RE

FIC OF

AV CO ER A ST GE

64,465

12,708

51,757

TA L

M–Sodican/Linda Urquhart p604-988-0646/ L–Avison Young/James Lewis/Justin Omichinski p604-687-7331

1770 7th Ave W

AV E

ILT

ST AL

ET FE RE UA

UA SQ

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 77

•

WEST VANCOUVER 1760 Marine Dr/Hollyburn Plaza

NORTH VANCOUVER 145 13th St E/Northmount Medical Centre 1 M–Warrington PCI p604-602-1887/ L–Cushman & Wakeﬁeld/Brad Newman-Bennett p604-640-5860 126 15th St E/Eastern House

M–Sodican/Linda Urquhart p604-988-0646/L–VPG Realty Inc/June Richardson p604-904-0440

27,805

10,184

37,989

101 16th St W

L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

22,000

n/a

22,000

145 17 St W/The Professional Centre

L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

27,400

n/a

27,400

255 1st St W/Esplanade Centre North

M–Gulf Paciﬁc Group p604-990-1500/ L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

53,216

n/a

53,216

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2014-04-11 2:35 PM

78 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

ER M BO

AV CO ER A ST GE

VA TE

NT AL

AR YE

RA AV E

ST LA

LS ILT

ST AL

PA R

S EY OR ST

ET FE RE UA

TA L

QU LS

TA I RE

E FIC

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

930 1st St W/Capilano Business Park II

M–Bentall Kennedy/L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

85,834

n/a

85,834

132

1992

n/a

$6.45

•

980 1st St W/Capilano Business Park I

M–Bentall Kennedy/L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

84,059

n/a

84,059

133

1991

n/a

$6.83

•

949 3rd St W/Capilano Business Park III

M–Bentall Kennedy/L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

121,197

n/a

121,197 2

215

1994

n/a

$5.88

•

1455 Bellevue Ave/Walker Place

M–Walker Group p604-926-5668/L–Colliers/Maury Dubuque/Stephen Moscovich p604-681-4111

37,400

10,000

n/a

1989

2014

n/a

$15

171 Esplanade W/Esplanade Place

M–Gulf Paciﬁc/Ryan Russell p604-990-1500/ L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

66,266

n/a

71,325

1984

1992

$19

$13.65

200 Esplanade W/The Esplanade

M–Talia Jevan Properties/Glen Harris p604-659-6000/ L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

43,234

n/a

43,234

1988

n/a

$24

$16.28

221 Esplanade W

M–SDM Realty Advisors/Dale Mumford p778-383-6273 /L–SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

157,410

n/a

157,410 6

233

1983

n/a

260 Esplanade W/Esplanade Centre South M–Gulf Paciﬁc Group p604-990-1500/ L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

52,266

n/a

52,266

214

1978

n/a

$15

$10.77

267 Esplanade W/West Quay Centre

M–Colliers/Bunny Wortman p604-681-4111/ L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

50,507

n/a

52,737

160

1986

n/a

$15.50

$11.75

•

38 Fell Ave/Harbourside Centre

M–GWL Realty Advisors p604-713-3162/L–GWL Realty Advisors/Jana Kalynych p604-713-6473

38,400

n/a

38,400

2001

n/a

$20

$12.20

•

50 Fell Ave/Dockside Business Ctr

M/L–Martello Property Services/Tony Akester p604-681-6544

32,000

n/a

32,000

2005

n/a

$14

$10

•

850 Harbourside Dr/ Harbourside Corporate Ctr

L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

45,000

n/a

45,000

2009

n/a

$26

$10

889 Harbourside Dr/ Harbourside Business Park Bldg 1

M–Concert Realty Services/Karen Rahal p604-602-3732/ L–Avison Young/Terry Thies p604-646-8398

74,670

n/a

74,670

160

2002

n/a

$24

$13.73

930 Harbourside Dr/ Harbourside Business Park

L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

30,000

n/a

108,000 2

2003

n/a

$17

$6.50

1133 Lonsdale Ave

M–V-1500 Holdings/Margaret Thomson p604-984-2899/ L–Colliers/Brian MacKenzie p604-681-0829

21,800

7,000

28,800

2010

n/a

$23.50

$13.56

1200 Lonsdale Ave/Lonsdale Place

M–Turner Meakin/Brian Meakin p604-736-7020/ L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

27,095

9,992

48,865

1980

2002

$18

$15.48

1250 Lonsdale Ave

L–Avison Young/Terry Thies/Ian Whitchelo p604-646-8398

40,000

9,775

n/a

2014

n/a

$28

$15

1501 Lonsdale Ave/Central Block

M–Austeville Properties/Scott Reid p604-216-5517/ L–Forman Pilkington/Ross Forman p604-980-3003

20,500

n/a

20,500

1974

n/a

$16

$17.09

•

1200 Lynn Valley Rd/Valley Professional Centre

M–SDM Realty Advisors/Dale Mumford p778-383-6273/ L–SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

28,000

12,000

40,000

1988

2000

n/a

•

935 Marine Dr/Capilano Mall Tower 1

M–Bentall Kennedy/Rick Warren p604-990-5426/ L–Bentall Kennedy/Shannon Thornley p604-661-5699

21,750

400,930 422,680 4

2,100 1967

2001

n/a

•

2030 Marine Dr/Lions Gate Place

M–Lock Investments/L–Forman Pilkington/Ross Forman/Jeff Pilkington p604-980-3003

22,000

n/a

22,000

1801 Welch St/Cypress Business Centre

M–NewWest Enterprise p604-683-7133/ L–Avison Young/Ian Whitchelo/Terry Thies p604-647-5095

20,140

n/a

22,623

1861 Welch St/Welch St Business Centre

M–NewWest Enterprise/Cathy Mihailides p604-683-7133/ L–Avison Young/Ian Whitchelo/terry Thies p604-647-5095

25,201

n/a

26,616

23,382

7,968

31,350

169,047 7

2609 Westview Dr/Westview Professional M–Gulf Paciﬁc/Ryan Russell p604-990-1500/ Centre L–Re/Max Crest Realty/Ross Forman/Jeff Pilkington p604-980-3003

112

1989

n/a

$15

$10.69

1975

n/a

$14

1971

n/a

$14

1988

n/a

$18

$14.35

•

VANCOUVER 12th & Renfrew St/Renfrew Centre

M–Blackwood Partners p780-413-9950/L–Cushman & Wakeﬁeld/Roger Leggatt p604-640-5882

161,472

n/a

2015

n/a

$14.87

•

555 12th Ave W/City Square

M–City Square Property Holdings p604-876-5165/L–Colliers/Marco DiPaolo p604-661-0838

128,000

120,000 302,000 6

726

1989

2002

n/a

$22.67

•

1200 73rd Ave W/Airport Square

M–Colliers/Daniel Mok p604-662-2687/ L–NAI Commercial/Rob DesBrisay/Andrew Astles p604-691-6602

222,000

n/a

222,000 14

444

1975

2000

$20

$12.59

•

134 Abbott St

M–Danet Interiors/L–Paradigm Group/Steven Fast p604-328-2524

40,000

8,000

48,000

1910

2010

$24

$11

6190 Agronomy Rd/ Technology Enterprise Facility III

M–Discovery Parks p604-734-7275/ L–Cushman & Wakeﬁeld/Andrew Laurie/Roger Leggatt p604-640-5882

103,416

n/a

103,416 6

164

2003

n/a

$22

$12.75

5740-5780 Cambie St/Oakridge Plaza

M–Bentall Kennedy/Glen Cartier p604-661-5000/L–Bentall Kennedy/Tim Evans p604-233-1009

44,695

n/a

44,695

1959

1987

n/a

$20.87

2386 East Mall/Gerald McGavin Bldg

M–Discovery Parks p604-734-7275/ L–Cushman & Wakeﬁeld/Andrew Laurie/Roger Leggatt p604-640-5883

33,536

n/a

33,536

1996

n/a

$22

$13.02

5550 Fraser St

L–Macdonald Commercial/Eric Poon p604-714-4768

40,183

n/a

40,183

1970

n/a

$16

$8.23

3195 Granville St/Hycroft Centre

M–Wesgroup Properties/L–Wesgroup Properties/Rob Eyers p604-633-2898

35,245

500

36,500

1957

1999

$25

$17.10

887 Great Northern Way/ QLT Bldg 2 (Discovery Parks Vancouver)

M–Discovery Parks p604-734-7275/ L–Colliers/Norm Taylor/Ray Ahrens p604-681-4111

164,236

n/a

164,236 5

327

2000

2010

$19.50

$17.44

800 Grifﬁths Way/ Rogers Arena - West Tower

M–Aquilini Group Properties p604-687-8813/L–Aquilini Group/Renzo Barazzuol

219,480

n/a

280,000 22

316

2014

n/a

3680 Hastings St E/ Paciﬁc Professional Centre

M–Gulf Paciﬁc/Ryan Russell p604-990-1500/L–Colliers/Derek May p604-661-0837

22,722

6,000

28,722

1980

n/a

$10

$10.76

2389 Health Sciences Mall/ Donald Rix Bldg

M–Discovery Parks p604-734-7275/L–Cushman & Wakeﬁeld Ltd/Andrew Laurie p604-640-5883

53,476

n/a

53,476

2000

n/a

$22

$12.11

450 Marine Dr SW/ Marine Gateway on Canada Line

M–Triovest/L–Colliers/Rob Chasmar/John Freyvogel p604-681-1111

248,617

n/a

2015

n/a

1150 Station St/Paciﬁc Central Sation

L–Cushman & Wakeﬁeld/Matthew MacLean/Chris Newton p604-640-5855

34,500

n/a

75,000

1919

n/a

$13.21

1628 Station St/Block Data Centre

L–CBRE Ltd/Blair Quinn p604-662-3000

105,872

n/a

105,872 5

2015

n/a

01_OFFICE SPACE 2014_CS6.indd 78

•

2014-04-11 10:46 AM

M–BC Ministry of Transportation/L–Colliers/Rob Chasmar p604-661-0822

31,925

n/a

8525 Baxter Pl/Production Court I

M–Narland Management p604-681-2747/L–Colliers/Rob Chasmar p604-661-0822

44,071

n/a

44,071

296

4259 Canada Way/Canada Way I

M–Dundee Realty/Angie Manville p604-586-5105/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-640-5882

60,072

n/a

60,072

4299 Canada Way/Canada Way II

M–Dundee Realty/Angie Manville p604-586-5105/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-640-5882

30,499

28,928

59,427

4585 Canada Way/ Canada Way Business Park

M–Touchstone Property Management/Donna McCrone p604-688-4340/ L–Avison Young/Darrell Hurst/Matthew Craig p604-687-7331

47,000

n/a

4595 Canada Way/ Canada Way Business Park

M–Touchstone Property Management/Donna McCrone p604-688-4340/ L–Avison Young/Darrell Hurst/Matthew Craig p604-687-7331

47,000

4601 Canada Way/ Canada Way Business Park - Bldg A

M–Touchstone Property Management/Donna McCrone p604-688-4340/ L–Avison Young/Darrell Hurst/Matthew Craig p604-687-7331

4611 Canada Way/ Canada Way Business Park - Bldg B

AT I

RA TE

ER BO

AV CO ER A ST GE

RE GE

AR YE

RA AV E

ST LA

NT AL

VA TE

7818 6th St/Executive Plaza East

120

ILT

ST AL

79,000

5,000

PA R

74,000

S EY OR ST

M–Martello Property Services/Warren Smithies p604-681-6544/ L–Colliers/David Knight p604-661-0817

438 Terminal Ave/Columbia College

ET FE RE UA

TA L

QU LS

TA I RE

E FIC

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 79

2013

n/a

$12

•

1979

n/a

$13

1999

n/a

$15

$11.44

196

1973

1998

n/a

$15.42

•

175

1972

1999

$16

$15.42

•

47,000

1982

1996

$15

$11.58

•

n/a

47,000

1982

1996

$15

$11.84

•

86,189

n/a

86,189

345

2000

n/a

$20

$12.21

•

M–Touchstone Property Management/Donna McCrone p604-688-4340/ L–Avison Young/Darrell Hurst/Matthew Craig p604-687-7331

74,354

n/a

74,354

298

2001

n/a

$20

$13.95

•

4621 Canada Way/ Canada Way Business Park - Bldg C

M–Touchstone Property Management/Donna McCrone p604-688-4340/ L–Avison Young/Darrell Hurst/Matthew Craig p604-687-7331

69,772

n/a

69,772

279

2000

n/a

$20

$13.62

•

4940 Canada Way/Deer Lake Centre II

M–Colliers/City of Burnaby p604-681-4111/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

97,000

n/a

107,880 5

1981

n/a

$11.84

•

4946 Canada Way/Deer Lake Centre I

M–Colliers/City of Burnaby p604-681-4111/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

88,681

n/a

88,681

1981

n/a

$12.38

•

4370 Dominion St/Central Place

M–Dundee Realty Management/Angie Manville p604-586-5105/ L–Colliers/Rob Chasmar p604-661-0822

64,100

n/a

64,100

160

1983

1999

$16

$14.90

•

4400 Dominion St

M–Dundee Realty Management/Angie Manville p604-586-5105/ L–Colliers/Rob Chasmar p604-681-4111

69,167

23,833

93,000

225

1977

2000

$16

$16.08

•

3480 Gilmore Way/Discovery Place Bldg 8 M–Bentall Kennedy/Joanne Montgomery p604-661-5624/ L–Bentall Kennedy/Jeff Lim p604-661-5619

48,758

n/a

48,758

144

2002

n/a

•

3555 Gilmore Way/Gilmore Way Phase III M–SDM Realty Advisors/L–CBRE Ltd/Zach Wittenberg p604-662-5158

BURNABY

47,036

n/a

50,000

331

2014

n/a

$25

$13.77

•

3555 Gilmore Way

M–SDM Realty Advisors/Dale Mumford p778-383-6273/ L–SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

80,797

n/a

80,797

300

1989

n/a

$13.77

•

3605 Gilmore Way/Discovery Place

M–Bentall Kennedy/Joanne Montgomery p604-661-5624/ L–Bentall Kennedy/Jeff Lim p604-661-5619

44,868

n/a

44,868

138

2000

n/a

$12.10

•

3650 Gilmore Way/Xenon

M–Concert Realty Services/Shannon Gibbs p604-602-3720/ L–Colliers/Rob Chasmar p604-661-0822

54,000

n/a

54,000

2001

n/a

$15

•

2003

n/a

$22

$12.50

1990

n/a

$18

$11.64

9200 Glenlyon Pkwy/Nokia Bldg

L–Colliers/Rob Chasmar p604-661-0822

94,623

n/a

94,623

4430 Halifax St/Halifax Bldg

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Danielle Neuman

23,069

n/a

23,069

4556-4580 Hastings St/Firma

L–Cushman & Wakeﬁeld/Kyle Wilson p604-608-5941

20,000

n/a

2011

n/a

$22

$7.50

3999 Henning Dr

L–Re/Max Central/Peter Hall p604-718-7300

73,992

n/a

73,992

234

1998

n/a

$18.75

$10.19

3665 Kingsway/Boundary Plaza

M–Warrington PCI/Karin Fung p604-331-5236/ L–Cushman & Wakeﬁeld/Max Zessel/Roger Leggatt p604-640-5824

44,000

n/a

57,000

100

1980

n/a

$14.02

4211 Kingsway/Burnaby Centre

M–Burnaby Centre Management p604-649-1674/ L–NAI Commercial/Rob DesBrisay/Andrew Astles p604-691-6602

57,400

n/a

57,400

1985

1999

$22

$11.59

4603 Kingsway/Metropointe

M–Macdonald Commercial/Nick Marini p604-736-5611/L–Macdonald Commercial/Eric Poon

99,000

n/a

99,000

266

1989

n/a

$18

$14.92

4710 Kingsway/Metrotower I

M–Ivanhoe Cambridge/Natalie Bishop p604-438-4703/ L–Ivanhoe Cambridge/Luke Gibson p604-680-5857

261,479

n/a

261,479 28

500

1989

n/a

$16.32

•

4720 Kingsway/Metrotower II

M–Ivanhoe Cambridge/Natalie Bishop p604-438-4703/ L–Avison Young/Darrell Hurst/Bill Elliott p604-683-3111

352,000

n/a

352,000 30

415

1991

n/a

$16.01

•

4730 Kingsway/Metrotower III

M–Ivanhoe Cambridge/Natalie Bishop p604-630-3304/ L–Avison Young/Darrell Hurst/Bill Elliott p604-687-7331

411,000

n/a

411,000 29

2014

n/a

$13.23

•

4789 Kingsway/Centrepoint

M–Orr Development/Eddie Papazian p604-731-8261/ L–Avison Young/Darrell Hurst/Stephanie Loucas p604-647-5069

71,236

n/a

77,053

2007

n/a

$26

$12

•

4800 Kingsway/ Metropolis @ Metrotown Ofﬁce Galleria

M–Ivanhoe Cambridge/Natalie Bishop p604-630-3304/ L–Ivanhoe Cambridge/Luke Gibson p604-630-5857

78,735

n/a

79,035

1986

1996

$28

$17.38

•

5021 Kingsway/Marlborough Court

M–Colliers p604-681-4111/L–Colliers/Rob Chasmar p604-661-0822

64,736

n/a

83,000

1976

n/a

$18

$12.09

•

5172 Kingsway/Burlington Square

L–Colliers/Rob Chasmar/Brian MacKenzie p604-681-4111

23,000

n/a

25,984

1982

1991

$15

$13.05

4180 Lougheed Hwy/ Lougheed Commerce Court I

M–Standard Life Assurance p604-664-8040/ L–Cushman & Wakeﬁeld/Andrew Laurie/Roger Leggatt p604-683-3111

86,521

n/a

86,521

453

1984

n/a

$13.65

4190 Lougheed Hwy/ Lougheed Commerce Court II

M–Standard Life Assurance p604-664-8040/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

69,973

n/a

69,973

453

1983

1996

n/a

$13.56

4445 Lougheed Hwy/Commerce@citi

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Brent Lee

107,246

23,000

135,000 12

300

2010

n/a

$32

$13.50

•

4664 Lougheed Hwy

M–Peterson Commercial/Stefanie Weng p604-699-5209/L–Peterson Commercial/Ivy Yung

195,883

n/a

195,883 2

343

1975

1999

$18

$10.75

•

4240 Manor St/Maple Leaf Centre

M/L–Martello Property Services/Tony Akester p604-681-6544 p604-681-6543

64,814

n/a

67,498

167

1974

2007

$14

$10

•

3920 Norland Ave/Norland Place

M–Martello Property Services/Tony Akester p604-681-6544/ L–Colliers/Rob Chasmar/Brian MacKenzie p604-681-0829

30,000

n/a

30,000

1981

2002

$12.50

$9.79

•

01_OFFICE SPACE 2014_CS6.indd 79

310

154

•

2014-04-11 10:46 AM

80 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

1991

n/a

$13.14

120

2008

n/a

$21.95

$8.71

3700-3750 North Fraser Way/ Boundary Centre

M–Bastion Development Corp/Eliana Evans p604-731-3500/ L–CBRE Ltd/Chris MacCauley/Angus Tone p604-662-5190

111,178

n/a

111,178 2

1990

n/a

2700 Production Way/Production Court III M–Narland Management p604-681-2747/L–Colliers/Rob Chasmar p604-661-0822

BU LA

AR YE

EY OR

TA I RE

FIC OF

AV CO ER A ST GE

41,522

VA TE

NT AL

AV E

34,685

n/a

PA R

n/a

41,522

34,685

M–Canada Lands Corp p604-824-5065/L–Cushman & Wakeﬁeld/Sean Ungemach p604-640-5823

TA L

L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

4300 North Fraser Way/ Glenlyon Corporate Centre

4126 Norland Ave

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

•

117,031

n/a

134,171 6

296

1999

n/a

$19

$11.46

3292 Production Way/Lake City Centre

M–Westminster Management/L–Cushman & Wakeﬁeld/Alex Morris p604-640-5806

108,966

7,225

116,191 6

210

2008

n/a

$27

$12.88

6400 Roberts St/Sperling Plaza I

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Brent Lee

66,294

n/a

66,294

321

1975

2012

$17

$12.41

•

6450 Roberts St/Sperling Plaza II

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Brent Lee

65,396

n/a

65,396

321

1975

2012

$17

$12.41

•

1901 Rosser Ave/Madison Centre

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Danielle Neuman

61,106

n/a

61,106

2001

n/a

$25

$12.75

•

4170 Still Creek Dr/ Willingdon Park Phase 2

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

79,209

n/a

79,209

257

1991

2014

n/a

$15.57

•

4185 Still Creek Dr/ Willingdon Park Phase 1

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

46,607

n/a

46,607

131

1990

n/a

$15.05

•

4190 Still Creek Dr/ Willingdon Park Phase 4

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

135,081

n/a

135,081 4

412

1999

n/a

$16.55

•

4260 Still Creek Dr/ Willingdon Park Phase 3

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

152,076

n/a

152,076 5

529

1992

n/a

$15.18

•

4321 Still Creek Dr/ Willingdon Park Phase 6

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

226,772

n/a

226,772 6

684

2001

n/a

$14.04

•

4333 Still Creek Dr/ WIllingdon Park Phase 7

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

67,305

n/a

67,305

211

2001

n/a

•

4350 Still Creek Dr/ Willingdon Park Phase 8

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

91,510

n/a

91,510

247

2010

n/a

$13.59

•

4370 Still Creek Dr/ Willingdon Park Phase 9

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

92,354

n/a

92,354

247

2010

n/a

$14.02

•

4401 Still Creek Dr/ Willingdon Park Phase 5

M–Triovest Realty Advisors/Dean De Sousa p604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal p604-642-4504

70,559

n/a

70,559

192

1999

n/a

$17.05

•

CLEANING SERVICES LTD

Experience You Can Trust

Commercial Janitorial

Window Cleaning

Tel: 604 - 252 - 9599 $PNNFSDJBM r *OEVTUSJBM r 3FUBJM

Pressure Washing

Restoration

Coastline is your “Solution Expert” since 1997 www.coastlineclean.ca

01_OFFICE SPACE 2014_CS6.indd 80

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AT I

RA TE

ER OP

VA TE

NT AL

1996

n/a

$17

$11.95

4475 Wayburne Dr/ Technology Place@BCIT

M–Discovery Parks p604-734-7275/ L–Cushman & Wakeﬁeld/Roger Leggatt p604-640-5882

31,057

n/a

31,057

2000

n/a

$14

3185 Willingdon Green

M–Artis REIT/L–Colliers/Rob Chasmar p604-661-0822

46,782

n/a

46,782

147

1986

n/a

$17

$11.91

2950 Glen Dr/The Oasis

M–Onni Property Management/Joel Rao p604-602-7711/ L–Cushman & Wakeﬁeld/Craig Ballantyne p604-683-3111

24,000

15,000

39,000

2013

n/a

$22

$10

•

7018 Lougheed Hwy/ Bainbridge Business Park

M–Bentall Kennedy/Bruce Tanner p604-661-5084/ L–Bentall Kennedy/Jeff Rank p604-661-5090

54,542

n/a

54,542

1959

1988

n/a

•

2755 Lougheed Hwy/Poco Place

M–Narland Management p604-681-2747/ L–Cushman & Wakeﬁeld/Craig Ballantyne p604-608-5928

59,993

103,929 163,844 7

573

1981

2003

n/a

$14.37

2540 Shaughnessy St

M–Paciﬁc Dawn Management p604-683-8843/ L–Macdonald Realty/Bobbi Crandall p778-773-5157

30,069

n/a

30,069

1970

n/a

$9.50

625 5th Ave/Westminster Medical Bldg

L–Cushman & Wakeﬁeld/Andrew Laurie p604-683-3111

51,974

n/a

51,974

119

1965

1997

n/a

$13

625 Agnes St/Queen’s Court

M–Dundee Realty Management p604-586-5101/L–Avison Young/Darrell Hurst p604-687-7331

79,722

n/a

85,042

100

1981

1991

$15

$12.32

•

277 Brunette Ave/ The Brewery District - Bldg 4

M–Wesgroup Properties p604-648-1817/L–Avison Young/Matt Walker p604-687-7331

41,860

n/a

2013

n/a

•

713 Columbia St/Westminster Bldg

L–Avison Young/Darrell Hurst/Josh Sookero p604-647-5069

43,800

n/a

43,800

1912

n/a

$12

1 Eighth St/Merchant Square

M–City of New Westminster p604-521-3711/ L–Cushman & Wakeﬁeld/Andrew Laurie/Mark Chambers p604-640-5883

137,085

6,700

143,785 14

2014

n/a

$14

223 & 233 Nelson’s Cres/The Brewery District Bldg 2

M–Wesgroup Properties p604-648-1817/ L–Avison Young/Matt Walker/Josh Sookero p604-687-7331

54,000

n/a

54,000

n/a

M BO

BU LA

AR YE

PA R

EY OR ST

TA I RE

FIC OF

AV CO ER A ST GE

340

102,000 2

n/a

102,000

TA L

M–Touchstone Property Management/Donna McCrone p604-688-4340 / L–Avison Young/Darrell Hurst/Matthew Craig p604-687-7331

3001 Wayburne Dr/ Canada Way Business Park

AV E

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 81

•

COQUITLAM

PORT COQUITLAM

NEW WESTMINSTER

01_OFFICE SPACE 2014_CS6.indd 81

195

•

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82 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

RA TE

ER OP

VA TE

NT AL

1988

n/a

$20

$17.70

•

1980

n/a

$13.45

2014

n/a

•

140

2000

n/a

$22

$13

•

66,000

1980

2011

$14

$8.69

54,000

162

2008

n/a

•

n/a

23,137

1962

n/a

$15.6

•

34,600

82,000

118,600 4

354

1978

2012

n/a

•

30,000

10,000

40,000

2001

n/a

•

L–Colliers/Rob Chasmar p604-661-0822

80,255

n/a

159,404 2

1992

n/a

$14

$12.53

5400 Airport Rd S

M–Huntingdon Capital Corp p604-249-5110/ L–Huntingdon Capital Corp/Azim Lalani p604-249-5108

26,642

n/a

101,720 3

180

1940

n/a

$14

$10

8055 Anderson Rd/ Anderson Rd Professional Bldg

M–Megen Properties p604-685-5566/ L–Megen Properties/Dan Ko

25,574

6,832

32,406

1972

n/a

$10

8111 Anderson Rd/Anderson Bldg

L–Colliers/Brian MacKenzie p604-661-0829

25,400

n/a

1995

n/a

3820 Cessna Dr/ BCIT Aerospace Technology Campus

M–BCIT/John Wong/L–Avison Young/Leanna Petrik/Bill Elliott p604-647-5087

90,647

n/a

90,647

225

2007

n/a

$20

$7.5

13351 Commerce Pkwy/ Commerce Court International Phase I

M/L–Compass Point/Mark Morrison p604-214-8645

67,150

n/a

71,657

196

1998

n/a

$16

$8.17

13353 Commerce Pkwy/ Commerce Court International Phase II

M/L–Compass Point/Mark Morrison p604-214-8645

69,286

n/a

69,286

186

1999

n/a

$16

$8.59

13511 Commerce Pkwy/ Crestwood Corporate Centre 3

M–GWL Realty Advisors/Robert Kozlowski p604-568-1404/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

40,130

n/a

40,130

130

1989

2007

$18

$10.21

•

13551 Commerce Pkwy/ Crestwood Corporate Centre 4

M–GWL Realty Advisors/Robert Kozlowski p604-586-1404/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

55,788

n/a

55,788

112

1990

2006

$19

$10.51

•

13571 Commerce Pkwy/ Crestwood Corporate Centre 5

M–GWL Realty Advisors/Robert Kozlowski p604-586-1404/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

77,274

n/a

77,274

232

1992

2004

$19

$11.08

•

13575 Commerce Pkwy/ Crestwood Corporate Centre 6

M–GWL Realty Advisors/Robert Kozlowski p604-586-1404/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

77,566

n/a

77,566

233

1993

2004

$19

$11.89

•

13775 Commerce Pkwy/ Crestwood Corporate Centre 7

M–GWL Realty Advisors/Robert Kozlowski p604-586-1404/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

79,547

n/a

79,547

239

1995

2006

$19

$11.77

•

13777 Commerce Pkwy/ Crestwood Corporate Centre 8

M–GWL Realty Advisors/Robert Kozlowski p604-586-1404/ L–GWL Realty Advisors/Peter Jenkins p604-713-8920

81,368

n/a

81,368

244

1996

2007

$19

$10.72

•

5811 Cooney Rd/Paciﬁc Business Centre

M–Concert Properties/Caron Tauber p604-602-3748/ L–Cushman & Wakeﬁeld/Mark Chambers p604-640-5880

99,360

n/a

104,227 6

251

1989

1995

$17

$13.81

•

11331 Coppersmith Way/Riverside Professional Centre

M–Porte Realty/Hershey Porte p604-732-7651/ L–Cushman & Wakeﬁeld/Matthew MacLean p604-640-5855

32,485

n/a

44,008

152

2002

n/a

$14

$10.25

13231 Delf Pl/ Knightsbridge Business Park 1

M–GWL Realty Advisors p604-713-3162/ L–Cushman & Wakeﬁeld/Mark Chambers p604-640-5880

53,800

n/a

53,800

1980

n/a

$11

$5.71

6651 Fraserwood Pl/ Fraserwood Corporate Centre

M–Kennington Properties/Doug Cann p604-731-9149/ L–Taurus Commercial/Cliff Raps p604-531-1685

92,000

n/a

92,000

1997

n/a

$11.5

$7.52

n/a

257,350 8

960 Quayside Dr/First Capital Place

M–Dundee Realty Management p604-586-5101/L–Colliers/Rob Chasmar p604-661-0822

48,094

16,998

65,092

620 Royal Ave/Royal Avenue Centre

L–Avison Young/Darrell Hurst/Stephanie Loucas p604-647-5069

48,000

n/a

48,000

500 Sixth Ave/Queen’s Park West

M/L–UPG Uptown Property Group/Wayne Beattie p604-525-8866

20,000

7,000

27,000

628 Sixth Ave/Royal Bank Bldg

M–Martello Property Services/Tony Akester p604-681-6544/ L–Re/max/Bob Scragg p604-290-2906

60,755

13,929

74,684

88 Sixth St/The Land Titles Building

L–Taurus Commercial/Cliff Raps p604-531-1685

60,000

6,000

505 Sixth St/Westminster Centre South

M/L–UPG Uptown Property Group/Wayne Beattie p604-525-8866

41,600

12,000

550 Sixth St/Sixth and Sixth Bldg

M–Bentall Kennedy p604-661-5000/ L–Cushman & Wakeﬁeld/Riger Leggatt/Andrew Laurie/Max Zessel p604-683-6435

23,137

555 Sixth St/Westminster Centre

M/L–UPG Uptown Property Group/Wayne Beattie p604-525-8866

601 Sixth St/Uptown Centre

M/L–UPG Uptown Property Group/Wayne Beattie p604-525-8866

610 Sixth St/Royal City Centre

M BO

BU LA

AR YE

PA R

EY OR ST

TA I RE

FIC OF

225,405

AV CO ER A ST GE

130

M–Wesgroup Properties p604-648-1817/ L–Avison Young/Matt Walker p604-647-5074

•

287 Nelson’s Crt/ The Brewery District Bldg 1

$14.75

n/a

TA L

n/a

2012

AV E

ILT

ST AL

ET FE RE UA

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

RICHMOND

01_OFFICE SPACE 2014_CS6.indd 82

286

•

2014-04-11 10:46 AM

AT I

RA TE

ER OP

VA TE

NT AL

n/a

$11

$6.50

118

1994

n/a

$12.95

$6.05

221

1998

n/a

$19

$9.89

â&#x20AC;˘

228

2001

n/a

$18

$11

â&#x20AC;˘

n/a

150,000 5

460

1989

2007

n/a

â&#x20AC;˘

30,451

n/a

166,122 2

655

1973

1979

n/a

$12

Mâ&#x20AC;&#x201C;Huntingdon Capital Corp p604-249-5110/ Lâ&#x20AC;&#x201C;Huntingdon Capital Corp/Azim Lalani p604-249-5108

61,093

n/a

131,227 2

225

1988

n/a

$11

5200 Miller Rd/Intâ&#x20AC;&#x2122;l Aviation Terminals VI

Mâ&#x20AC;&#x201C;Huntingdon Capital Corp p604-249-5110/ Lâ&#x20AC;&#x201C;Huntingdon Capital Corp/Azim Lalani p604-249-5108

44,718

n/a

81,605

200

1990

n/a

$11

5980 Miller Rd

Mâ&#x20AC;&#x201C;Huntingdon Capital Corp p604-249-5110/ Lâ&#x20AC;&#x201C;Huntingdon Capital Corp/Azim Lalani p604-249-5108

18,636

n/a

30,341

1989

n/a

$12

4831-4851-4871 Miller Rd/ Intâ&#x20AC;&#x2122;l Aviation Terminals IV

Mâ&#x20AC;&#x201C;Huntingdon Capital Corp p604-249-5110/ Lâ&#x20AC;&#x201C;Huntingdon Capital Corp/Azim Lalani p604-249-5108

49,543

n/a

126,705 2

220

1984

n/a

$12

4940 No 3 Rd/Alderbridge Place

Mâ&#x20AC;&#x201C;Colliers/Barry Holmes p604-662-2623/Lâ&#x20AC;&#x201C;Colliers/Kelvin Luk p604-662-2616

50,355

43,938

94,293

1976

n/a

$18

$13.78

5900 No 3 Rd/Richmond Landmark

Mâ&#x20AC;&#x201C;Castle Management/Richard Liu p604-279-1888/ Lâ&#x20AC;&#x201C;NAI Commercial/Peter Seed p604-691-6608

46,000

16,000

65,000

193

1990

n/a

11300 No 5 Rd

Mâ&#x20AC;&#x201C;Misil Hldgs/Michael Silver p778-317-1434

32,655

n/a

32,655

2001

n/a

$12.50

7080-7100 River Rd/ River Road Business Centre

Mâ&#x20AC;&#x201C;KAP Management/ p604-669-9398/ Lâ&#x20AC;&#x201C;Dorset Realty/Colin Schuss p604-270-1711

115,889

n/a

305,916 2

1975

1998

$10

$4.50

12033 Riverside Way/ Riverside Business Centre

Mâ&#x20AC;&#x201C;Sherwood Corporate Services/ Lâ&#x20AC;&#x201C;Cushman & WakeďŹ eld/Matthew MacLean/Lee Hester p604-683-3111

34,426

n/a

34,426

2008

n/a

$18

3751 Shell Rd/Airport Executive Park B

Mâ&#x20AC;&#x201C;Bentall Kennedy/Doug Astbury p604-233-1069/Lâ&#x20AC;&#x201C;Bentall Kennedy/Tim Evans p604-233-1009

33,521

n/a

33,521

104

1973

1989

n/a

$11.40

â&#x20AC;˘

10271 Shellbridge Way/ Airport Executive Park 10

Mâ&#x20AC;&#x201C;Bentall Kennedy/Doug Astbury p604-233-1069/ Lâ&#x20AC;&#x201C;Bentall Kennedy/Tim Evans p604-233-1009

96,816

n/a

96,816

315

1998

n/a

$10.69

â&#x20AC;˘

10451 Shellbridge Way/ Airport Executive Park 1

Mâ&#x20AC;&#x201C;Bentall Kennedy/Doug Astbury p604-233-1069/ Lâ&#x20AC;&#x201C;Bentall Kennedy/Tim Evans p604-233-1009

62,263

n/a

62,263

156

1976

2006

n/a

$10.55

â&#x20AC;˘

10691 Shellbridge Way/ Airport Executive Park 4

Mâ&#x20AC;&#x201C;Bentall Kennedy/Doug Astbury p604-233-1069/ Lâ&#x20AC;&#x201C;Bentall Kennedy/Tim Evans p604-233-1009

30,579

n/a

30,579

118

1978

2006

n/a

$11.41

â&#x20AC;˘

10991 Shellbridge Way/ Airport Executive Park 7

Mâ&#x20AC;&#x201C;Bentall Kennedy/Doug Astbury p604-233-1069/ Lâ&#x20AC;&#x201C;Bentall Kennedy/Tim Evans p604-233-1009

79,742

n/a

79,742

249

2002

n/a

$10.81

â&#x20AC;˘

13071 Vanier Pl/ Richmond Corporate Centre 5

Mâ&#x20AC;&#x201C;Alpha Equities/Ian Moodie p604-279-0344/Lâ&#x20AC;&#x201C;Alpha Equities

26,062

n/a

26,062

1992

n/a

$10.95

13091 Vanier Pl/ Richmond Corporate Centre 6

Mâ&#x20AC;&#x201C;Alpha Equities/Ian Moodie p604-279-0344/Lâ&#x20AC;&#x201C;Alpha Equities

50,315

n/a

50,315

1998

n/a

$18

$10.95

13111 Vanier Pl/ Richmond Corporate Centre 4

Mâ&#x20AC;&#x201C;Alpha Equities/Ian Moodie p604-279-0344/Lâ&#x20AC;&#x201C;Alpha Equities

35,703

n/a

44,302

1993

n/a

$19.50

$7.73

13120 Vanier Pl/ Richmond Corporate Centre 2

Mâ&#x20AC;&#x201C;Alpha Equities/Ian Moodie p604-279-0344/Lâ&#x20AC;&#x201C;Alpha Equities

37,007

n/a

37,007

1989

2003

$15.50

$5.95

13151 Vanier Pl/ Richmond Corporate Centre 3

Mâ&#x20AC;&#x201C;Alpha Equities/Ian Moodie p604-279-0344/Lâ&#x20AC;&#x201C;Alpha Equities

35,104

n/a

50,452

1990

n/a

$15.50

$6.50

n/a

94,525

11780-11784 Hammersmith Way/ Riverside Corporate Centre

Mâ&#x20AC;&#x201C;Porte Realty p604-732-7651/Lâ&#x20AC;&#x201C;Cushman & WakeďŹ eld/Matthew MacLean p604-640-5856

123,848

1,914

125,762 2

11120 Horseshoe Way/Riverside Place

Mâ&#x20AC;&#x201C;Fraser Park Realty p604-568-7014/Lâ&#x20AC;&#x201C;Cushman & WakeďŹ eld/Mark Chambers p604-640-5880

55,370

n/a

58,418

13700 International Pl/ Crestwood Corporate Centre 2

Mâ&#x20AC;&#x201C;GWL Realty Advisors/Robert Kozlowski p604-586-1404/ Lâ&#x20AC;&#x201C;GWL Realty Advisors/Peter Jenkins p604-713-8920

81,713

n/a

81,713

4600 Jacombs Rd/Delf Place

Mâ&#x20AC;&#x201C;GWL Realty Advisors/Santosh Nahal p604-586-1401/ Lâ&#x20AC;&#x201C;GWL Realty Advisors/Steffan Smith p604-713-6480

75,966

n/a

75,966

3600 Lysander Lane

Mâ&#x20AC;&#x201C;SDM Realty Advisors/Dale Mumford p778-383-6273/ Lâ&#x20AC;&#x201C;SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

150,000

4840 Miller Rd/Intâ&#x20AC;&#x2122;l Aviation Terminals

Mâ&#x20AC;&#x201C;Huntingdon Capital Corp p604-249-5110/ Lâ&#x20AC;&#x201C;Huntingdon Capital Corp/Azim Lalani p604-249-5108

5000 Miller Rd/Intâ&#x20AC;&#x2122;l Aviation Terminals V

M BO

BU AR

PA R

EY OR ST

TA I RE

FIC OF

90,605

AV CO ER A ST GE

1991

Mâ&#x20AC;&#x201C;Martello Property Services p604-586-5104/ Lâ&#x20AC;&#x201C;Cushman & WakeďŹ eld/Mark Chambers p604-640-5880

260

8100 Granville Ave/Richmond Place

$14.15

n/a

TA L

2008

1987

AV E

ILT

ST AL

ET FE RE UA

UA SQ

Mâ&#x20AC;&#x201C;Management company/Contact pphone Lâ&#x20AC;&#x201C;Leasing company/Contact pphone

Address/Building name

| 83

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Contact: David Skuy t dskuy@andrewsinternational.com t 778-828-8050

01_OFFICE SPACE 2014_CS6.indd 83

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84 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

26,343

n/a

58,908

3011 & 3031 Viking Way/ Knightsbridge Business Park

M–Concert Properties/Caron Tauber p604-602-3748/ L–Cushman & Wakeﬁeld/Mark Chambers p604-640-5880

38,446

n/a

38,562

6011 Westminster Hwy/ Brighouse West 6011

M–Bentall Kennedy/David Haugen p604-661-5679/L–Bentall Kennedy/Jeff Rank p604-661-5023

30,046

n/a

30,046

7031 Westminster Hwy/ Richmond Professional Bldg

M/L–Prospero Int’l/Jeff Nightingale p604-669-7733

29,000

3,000

32,000

15127 100 Ave/Guildford Landmark

L–Avison Young/Darrell Hurst/Stephanie Loucas p604-687-7331

45,000

n/a

45,000

15117 101 Ave/Coast Capital Guildford

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Brent Lee

53,818

n/a

53,818

13777 103 Ave

L–Taurus Commercial/Cliff Raps p604-531-1685

25,227

n/a

25,227

n/a

14178 104 Ave/104th Avenue Centre

M–Ron Emerson p604-688-2776

259,474

n/a

259,474 4

15225 104 Ave/Guildford Ofﬁce Park

M–Colliers/Paula Marucci p604-681-4111/L–Frontline Real Estate/Todd Bohn p604-687-8300

48,856

n/a

48,856

13401 108 Ave/Station Tower

M–Dundee Realty Management p604-586-5101/L–Avison Young/Darrell Hurst p604-647-5069

208,290

13,145

221,435 n/a

13479 108 Ave/Gateway Place

M–Bosa Properties/L–Avison Young/Darrell Hurst p604-647-5069

60,000

38,500

98,500

8338 120 St/A&A Plaza

L–Colliers/Mike Grewal p604-694-7200

20,575

n/a

7445 132 St/Surrey Central Business Park IV M–Concert Properties/Caron Tauber p604-602-3748/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

72,500

7455 132 St/Surrey Central Business Park I M–Concert Realty Services/Caron Tauber p604-602-3748/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

AT I

RA TE

ER M BO

AV CO ER A ST GE

VA TE

NT AL

AR YE

RA AV E

ST LA

LS BU

PA R

ILT

ST AL

M–Alpha Equities/Ian Moodie p604-279-0344/L–Alpha Equities

S EY OR ST

13160 Vanier Pl/ Richmond Corporate Centre 1

ET FE RE UA

TA L

QU LS

TA I RE

E FIC

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

Office building directory

1989

2005

$12.95

$6.50

1974

2004

$9.50

$10.99

•

1981

n/a

$8.95

•

100

1978

1995

$16

$13.78

305

1991

n/a

$13.93

119

1985

1998

$20

$12

n/a

$10

$6.50

674

2005

n/a

$10

120

1978

1999

$15

$13.23

•

437

1994

n/a

$28

$15.97

•

2016

n/a

$14

•

n/a

1996

n/a

$15

n/a

72,500

2001

n/a

$12.50

$9.50

•

55,000

n/a

55,000

1,200 1993

n/a

$12.50

$9.50

•

7495 132 St/Surrey Central Business Park II M–Concert Properties/Caron Tauber p604-602-3748/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

72,000

n/a

72,000

255

1994

n/a

$12.50

$9.50

•

7565 132 St/Surrey Central Business Park III M–Concert Properties/Caron Tauber p604-602-3748/ L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

90,000

n/a

90,000

1996

n/a

$12.50

$9.50

•

7327 137 St/Centre of Newton Phase II

L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-640-5885

37,548

4,741

42,289

140

2013

n/a

$10

7337 137 St/Newton Landmark II

L–Taurus Commercial/Cliff Raps p778-388-2543

48,880

n/a

48,880

1996

n/a

$15

$9.02

1688 152 St/Ocean Pointe

M–V1500 Holdings Inc p604-984-2899/L–Colliers/Jason Teahen p604-661-0847

56,000

22,000

78,000

189

2001

n/a

$22

$11

5446 152 St/Panorama Business Centre

L–Colliers/Jason Teahen p604-661-0847

28,930

n/a

28,930

2012

n/a

$18.50

$8.50

5455 152 St/Benchmark Business Centre I

M–Benchmark Properties/Kees Van Rhee p604-533-1138/ L–Re/Max Commercial Advantage/Ryan Schwartz/Gordon MacPherson p604-510-5555

112,500

n/a

112,500 3

400

2008

n/a

$17.50

$9.20

5477 152 St/Benchmark Business Centre II

M–Benchmark Properties/Kees Van Rhee p604-533-1138/ L–Re/Max Commercial Advantage/Ryan Schwartz/Gordon MacPherson p604-510-5555

112,500

n/a

112,500 3

340

2010

n/a

$17.50

$8.79

108

SURREY

•

10090 152 St/Impact Plaza

L–Taurus Commercial/Cliff Raps p778-388-2543

30,000

n/a

36,834

1990

n/a

$16

$13.57

10470 152 St/Guildford Corporate Centre

M–SDM Realty Advisors/Dale Mumford p778-383-6273/ L–SDM Realty Advisors/Stephen Duyvewaardt p778-383-6272

102,083

16,506

129,878 6

336

1997

n/a

•

10334 152A St/ Guildford Commerce Crt Bldg D

M–Colliers/Jim Gammer p604-644-1913

75,000

15,000

90,000

210

1980

1996

$14

$11

•

10189 153 St/GTC Professional Bldg

L–Colliers/Brian MacKenzie p604-661-0829

100,550

n/a

100,550 5

189

2014

n/a

10235 153 St/Advantage Guildford

M–Frontline Real Estate/ L–Re/Max Commercial Advantage/Ryan Schwartz/Gordon MacPherson p604-510-5555

48,381

n/a

59,877

2014

n/a

$22

n/a

01_OFFICE SPACE 2014_CS6.indd 84

2014-04-11 10:46 AM

AT I

M–Panorama Park Investments Ltd/Alex Polacco p604-542-4800/ L–Re/Max Commercial Advantage/Gordon MacPherson/Ryan Schwartz p604-649-6495

44,089

n/a

2013

n/a

$22

$9.50

12761 16 Ave/Paciﬁc Building

L–Taurus Commercial/Cliff Raps p778-388-2543

20,000

n/a

20,000

1988

n/a

$16

$10

6820 188 St

L–NAI Commercial/Don MacDonald p604-514-6824

28,000

n/a

28,000

2008

n/a

$12

n/a

111,000

n/a

111,000 4

2014

n/a

$24

2003

n/a

$19

$8.50

15252 32 Ave/ Morgan Creek Corporate Centre

M–Morgan Creek Corporate Centre/Rick Friesen p604-531-6373/ L–Re/Max Commercial Advantage/Ryan Schwartz/Gordon MacPherson p604-510-5555

70,000

n/a

70,000

14245 56 Ave/Surrey City Hall

L–Colliers/Jason Teahen/Rob Chasmar p604-661-0847

77,878

n/a

77,878

2006

n/a

$20

$9.50

14928 56 Ave

L–Re/Max Commercial Advantage/Ryan Schwartz p604-510-5555

53,969

n/a

53,969

2008

n/a

$7.50

12877 76 Ave/Surrey Design Centre

L–Cushman & Wakeﬁeld/Max Zessel p604-640-5824

40,220

n/a

2008

n/a

$12

$3.85

12992 76 Ave/Newton Commerce Centre

L–Re/Max Commercial Advantage/Ryan Schwartz/Gordon MacPherson p604-510-5555

44,243

n/a

1998

2013

$12

16088 84 Ave/Fleetwood Professional Centre

M/L–Lark Group/Larry Fisher p604-576-2935

27,000

3,000

30,000

1994

n/a

$16

$6.20

88 Ave & 124 St/Triton Centre

L–Cushman & Wakeﬁeld/Roger Leggatt p604-640-5882

26,000

52,000

n/a

13737 96 Ave/ City Centre Professional Bldg - Phase 1

M–Lark Group/L–Colliers/Jason Teahen/Rob Chasmar p604-661-0847

120,000

n/a

132,000 12

2012

n/a

$26

$12

2630 Croydon Dr/Croydon Business Centre L–Re/Max Commercial Advantage/Ryan Schwartz/Gord MacPherson p604-510-5555

250

548

A M BO

AV CO ER A ST GE

5577 153A St/Panorama Place Bldg 1

15303 31 Ave/ M–Frontline Real Estate/L–Frontline Real Estate/Todd Bohn p604-676-4138 Southpointe 99 Business Centre - Phase 1&2

RA TE

ER OP

VA TE

NT AL

AR YE

RA AV E

ST LA

LS ILT

ST AL

PA R

S EY OR ST

ET FE RE UA

TA L

QU LS

TA I RE

E FIC

M–Management company/Contact pphone L–Leasing company/Contact pphone

Address/Building name

| 85

79,265

n/a

79,265

2013

n/a

$8.50

1473 Johnston Rd/Miramar Village

M–Colliers/L–Colliers/Jason Teahen p604-661-0847

20,000

n/a

2009

n/a

$16

$11.36

•

7404 King George Blvd/ King’s Cross Shopping Centre

M–GWL Realty Advisors/Derek Ho p604-713-3161/L–Colliers/Jason Teahen p604-661-0847

32,000

250,000 282,000 1

n/a

$16.50

$9.05

•

9180 King George Blvd/Leader Bldg

M–A4 Development p604-984-2899/L–Colliers/Jason Teahen p604-661-0847

23,500

n/a

25,000

1994

n/a

$18

$10.52

9801 King George Blvd/ Surrey Village Tower

M–Surrey Village Corp/L–Colliers/Jason Teahen p604-661-0847

40,000

n/a

40,000

1975

n/a

$14

$7.45

9808-9900 King George Blvd/ King George Station

M–Triovest/L–Colliers/Rob Chasmar p604-661-0822

195,650

n/a

195,650 10

2015

n/a

$30

$14

15230 No 10 Hwy/Panorama Place Bldg B

L–Cushman & Wakeﬁeld/Roger Leggatt p604-640-5882

30,000

n/a

2010

n/a

$25

$10.35

8621 201 St/Langley 200 Business Ctr III

L–Cushman & Wakeﬁeld/Roger Leggatt/AndrewLaurie p604-640-5882

95,283

n/a

95,283

2013

n/a

$25

$11.5

8661 201 St/Langley 200 Business Ctr II

L–Cushman & Wakeﬁeld/Roger Leggatt/Andrew Laurie p604-683-3111

68,000

n/a

68,000

2012

n/a

$11.5

9525 201 St/Golden Ears Business Centre

M–Benchmark Properties/Kees Van Rhee p604-533-1138/ L–Re/Max Commercial Advantage/Ryan Schwartz/Gord Macpherson p604-510-5555

60,800

16,800

77,600

240

2012

n/a

$19

$7.70

9440 202 St/ Walnut Grove Commerce Centre

M–Benchmark Properties/Kees Van Rhee p604-533-1138/ L–Benchmark Properties/Leslie Koole

125,000

n/a

125,000 3

400

1999

n/a

$22

$9.40

20316 56 Ave/Langley Professional Bldg

L–Re/Max Commercial Advantage/Moojan Azizi p604-899-9293

•

LANGLEY

20353 64 Ave/Willoughby Business Centre M–Benchmark Properties/Kees Van Rhee p604-533-1138/ L–Re/Max Commercial Advantage/Rachel McGladery p604-510-5555

25,997

n/a

25,997

1977

n/a

$14

$8.75

53,177

n/a

53,177

200

1994

2013

$20

$7.75

20434 64 Ave/ Willowbrook Business Centre

M–Concert Realty Services Ltd/Shannon Gibbs p604-602-3720/ L–Re/Max Commercial Advantage/Ryan Scheartz p604-510-5555

52,805

n/a

100,000 2

325

2001

n/a

$16

$8.26

20644 Eastleigh Cres/ Eastleigh Professional Centre

L–NAI Commercial/Gary Niesner/Don MacDonald p604-514-6832

31,244

n/a

32,826

132

1979

1996

$11

$7.95

20621 & 20641 Logan Ave/ Baytree Centre Bldg A&B

M–Lark Group/Larry Fisher p604-576-2935/L–Frontline Real Estate/Todd Bohn p604-676-4138

30,000

23,000

53,000

1983

n/a

$15

20780 Willoughby Town Centre Dr/ Willoughby Town Centre

L–Cushman & Wakeﬁeld/Andrew Laurie/Roger Leggatt p604-640-5883

22,281

n/a

2013

n/a

$12.79

220 Brew St/Suter Brook Village

M–Onni Group/Joel Rao p604-602-7711/ L–Cushman & Wakeﬁeld/Craig Ballantyne p604-683-3111

119,355

24,000

n/a

2015

n/a

•

205 Newport Dr/Newport Tower

M–Bosa Development/Dean Reed p604-294-0666/L–Bosa Development/Danielle Neuman

57,072

58,286

115,358 6

2000

n/a

$25

$11.69

•

34077 Gladys Ave/The Mill Tower

L–Colliers/Jason Teahen p604-661-0847

134,643

n/a

134,643 n/a

n/a

$20

$6.50

32988 South Fraser Way/EMCO Building

L–DTZ Vancouver/Cheryl Mackenzie/Jason Marriott p604-684-7117

70,000

n/a

70,000

2010

n/a

$10

•

PORT MOODY

ABBOTSFORD

01_OFFICE SPACE 2014_CS6.indd 85

2014-04-11 10:46 AM

86 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

Industrial/office park directory

Vancouver—p87

WEST VANCOUVER nad

a/o

Clark Drive False Creek Flats a/q Fraserview a/r Lougheed-Boundary a/s Marine Drive a/t Marpole a-k Mt. Pleasant Cambie-Main a-l Powell a/p

aH wy

c-n

c/m c-m

Burrard Inlet

Hasti

ngs

c/l c-l

Abbotsford Airport (off map) Clearbrook (off map) Hw y Barnet

SFU

Nanaimo

a/o a/p

i/s

a-k

a/r

Kin

gsw

Oak

Cambie

Granville

Dunbar

VANCOUVER

Abbotsford—p87

PORT MOODY

a-l

English Bay UBC

India n Ar m

Trans-C a

NORTH VANCOUVER

i-m i/n i/r

i-k

BURNABY

COQUITLAM

i-l

b/s Lougheed

Fra

b/m

d/l

d-o

i/m

i=m

Strait of Georgia

Westminster Hwy

RICHMOND

S ou th Ar

e/q e/p

g/l

Fra

d/s

g/p

g-k Highway 91

e-k

Annacis Island Deas Slough g/p River Road East g-k Tilbury g/o

g/o

DELTA

Langley—p90–91 Gloucester Estates (off map) Langley City (off map) Northwest Langley (off map) Willowbrook (off map)

SURREY King George Highway

s Fra

er r Riv

Delta—p89–90 g/l

Richmond Freeway

e/n

Cape Horn Mayfair b/r Paciﬁc Reach b/s Schoolhouse b/q

Beresford Big Bend i/n Central Valley i/r Lake City i/s Lougheed-Douglas i-m Still Creek i-k Willingdon-Canada Way i-l Winston-Government i/m

Coquitlam—p88–89

a nad

e/o

NEW WESTMINSTER

iver rR se

a s-C

e/m

North A a/q rm Fra ser R iv

i/l

Hwy

b/r b/m b/q n Tra

e/t

i=l

Boundary Rd

a/s e-p

Marine Dr

49th Avenue

i/l

Lou

ghe

41st Avenue

a/t

Burnaby—p87–88

b[n

d/q

Maple Ridge—p91 Maple Meadows (off map)

New Westminster—p91–92 i=l

Highway 10

i=m YUKON

NORTHWEST TERRITORIES

ALASKA

QUEEN CHARLOTTE

North Vancouver City—p92

Highway 99

c/l c/m

ALBERTA

Brooksbank MacKay-Bewicke

North Vancouver District—p92 c-l

Lynnmour Maplewood c-n Norgate

BRITISH COLUMBIA

VANCOUVER ISLAND VANCOUVER VICTORIA SEATTLE

Brunette New Westminster South

c-m

Pitt Meadows—p92 Maple Meadows (off map) Pitt Meadows Airport (off map)

WASHINGTON

Boundary Bay

WHITE ROCK

Port Coquitlam—p92 Mary Hill Estates (off map) Meridian (off map)

How to use the industrial listings On the following pages are listings of industrial park areas and sites. Each area includes a reference number to locate a property on the map above. The listings are organized by area and the district’s speciﬁc name (for example, Burnaby/Big Bend). Underneath each area are the owner/management/leasingcompany name, a contact name, telephone number, the number of buildings, total rentable area in square feet, the bay size range in square feet and park size. The availability of features such as dock loads, store yards, warehouses, retail spaces and access to bridge and rail is also indicated. Each

01_OFFICE SPACE 2014_CS6.indd 86

Port Moody—p92

property’s BOMA afﬁliation is indicated, if applicable. It should be stressed that this directory is for those properties that lease – as opposed to selling – space or land. While every attempt has been taken to make this list as complete and accurate as possible, accuracy cannot be guaranteed. Prior to publication, survey forms were sent to property owners and managers for veriﬁcation. If a property has been left out, or if the wrong information has been provided, please send revisions or additions to the address or fax number below.

Ofﬁce Space c/o Business in Vancouver 102 4th Avenue East, Vancouver, BC V5T 1G2 p604-688-2398 f604-688-6058

b[n

St. John’s

Richmond—p92–94 e/m

Bridgeport-North Richmond Brighouse e/o Crestwood e/p East Richmond e/q Fraserwood e/t Mitchell Island e-k Riverside e-p Van Horne e/n

Surrey—p94 d/l

Bridgeview Campbell Heights (off map) Cloverdale (off map) d/q East Newton d/s Newton Port Kells (off map) d-o South Westminster

2014-04-11 10:46 AM

E YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

ES CR

–A

ZE SI DO

K PA R

–SSIZE Q. RA F T NG . E

BA Y

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact pPhone

BE R OF BU ILD TA IN AR L R GS E A EN –S TAB Q . LE FT .

| 87

VANCOUVER Clark Drive 1440 Georgia St E/L–CBRE Ltd; Darren Starek/Ed Ferreirap604-662-3000

8,336

GX Building/1868 Glen Dr/M–Rockwell Paciﬁc/L–Re/Max Central; Chris Davies/Peter Hallp604-718-7300

50,000

•

• •

120-128 3rd Ave W/L–DTZ Vancouver Real Estate; Ryan Saunders/Mitch Ellisp604-630-3884

31,500

•

1263 Clark Dr/L–DTZ Vancouver Real Estate; Ryan Saunders/Mitch Ellisp604-630-3384

36,150

•

1015 Clark Dr/L–CBRE Ltd; Darren Starek/Ed Ferreirap604-662-3000

8,699

1345 Grant St/L–CBRE Ltd; Darren Starek/Ed Ferreirap604-662-3000

15,266

1355 Parker St/L–DTZ Vancouver Real Estate; Ryan Saunders/Mitch Ellisp604-684-7117

22,350

1575 Vernon Dr/L–Avison Young; Struan Saddlerp604-647-5077

26,320

•

25,223

•

• • •

•

False Creek Flats 401 Industrial Ave/O–Marpole Investments Ltd/L–HQ Real Estate Services; Soleil Lutskyp604-992-3559 Lougheed-Boundary 2625-2645 Skeena St/O–Macro Investments/M–Macro/L–Cushman & Wakeﬁeld; Greg Miles/David Canningp604-683-3111

36,750

2772 Natal St/L–CBRE Ltd; Darren Starek/Ed Ferreirap604-662-3000

20,900

1.73

•

Marine Dr Industrial Park 1/8310-8392 Prince Edward St/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard Investments; Faye Tamp604-681-9474

74,919

•

Main Industrial Centre/8417-8449, 8547-8559 Main St, 117-133 Kent Ave NE/O–Morguard Industrial Properties/ M–Morguard Investments/L–Morguard Investments; Faye Tamp604-681-9474

119,876

•

34-54 69th Ave W/L–Value Property Groupp604-606-7000

70,000

1781 75th Ave W/L–CBRE Ltd; Blair Quinn/Zach Wittenbergp604-662-5161

46,032

8351-8365 Ontario St/L–Cushman & Wakeﬁeld; Bob Stokesp604-683-3111

71,260

Kent Corporate Centre/625 Kent Ave W/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

49,000

6.03

Marine Dr Industrial Centre 3/455 East Kent Ave N/M–Morguard Investments Ltd/L–Morguard; Faye Tamp604-602-6450

151,050

8240 Manitoba St/L–CBRE Ltd; Joe Inkster/Bruce Hyndsp604-662-3000

27,403

•

8282-8286 Sherbrooke St/L–CBRE Ltd; Bruce Hynds/Jason Kiselbachp604-662-3000

30,950

•

Rivershore Business Park/618 East Kent Ave S/L–Re/Max Central; Peter Hallp604-718-7300

72,400

8385 Fraser St/L–CBRE Ltd; Bruce Hynds/Harry Ghagp604-662-5112

125,765

6.55 6.03

•

Marine Drive

Kent Corporate Centre/655 West Kent Ave N/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

31,946

8275 Manitoba St/L–Value Property Groupp604-606-7000

51,138

250-290 Marine Dr SW/L–Value Property Group; Jim Karkogloup604-606-7016

60,600

Southbridge Business Park/310-366 Kent Ave S/O–Wesgroup/M–Wesgroup Properties/ L–Colliers; Stefan Morissettep604-681-4111

150,624

Heritage Centre/1562-1576-1586 Rand Ave/L–DTZ Vancouver Real Estate; Don Mussenden/Anthony Luxp604-630-3377

133,000

• 6

1.37

•

• •

•

• •

•

• •

Marpole • 5.07

•

Mt. Pleasant Cambie-Main 2323 Quebec St/L–CBRE Ltd; Darren Starek/Ed Ferreirap604-662-3000

46,000

310 4th Ave W/M–Wesgroup Properties/L–Wesgroup Properties; Rob Eyersp604-633-2898

19,694

25 6th Ave E/L–DTZ Vancouver Real Estate; Ryan Saunders/Mitch Ellisp604-684-7117

12,850

1265 Powell St/L–CBRE Ltd; Darren Starekp604-662-3000

16,689

Railtown/430 Railway St/L–CBRE Ltd; Darren Starek/Ed Ferreirap604-662-3000

17,550

780 Cordova St E/L–CBRE Ltd; Darren Starekp604-662-3000

26,286

81,000

•

0.55 1,600-3,245

•

• •

Powell 0.45

• •

•

• •

•

ABBOTSFORD Abbotsford Airport Airport Industrial Park/2034 Townline Rd/L–Konrad Commercialp604-309-7766

3.73

•

Clearbrook Glass World Industrial Park/2122 Queen St/L–Avison Young; Michael Farrellp604-646-8388

64,800

•

30755 Simpson Rd/L–Landmark Realty; Bruce Sheldonp604-671-9221

30,000

•

6968 Russell Ave/L–Cushman & Wakeﬁeld; Flavio Untip604-683-3111

30,000

2,100

•

6990 Waltham Ave/L–Cushman & Wakeﬁeld; Flavio Unti p604-640-5889

9,000

1,472

5526 Dorset St/L–CBRE Ltd; Bruce Hyndsp604-662-3000

8,000

7105-7205 11th Ave/7650 18th St/L–CBRE Ltd; Bruce Hynds/Joe Inksterp604-662-3000

532,982

48.24

5830-5850 Byrne Rd/L–Cushman & Wakeﬁeld; Rick Eastman/Flavio Untip604-683-3111

180,610

9.66

Glenwood 2/5888 Trapp Ave/M–Triovest/L–Colliers; Darren Cannonp604-662-2637

53,227

Spire Corporate Centre/7635 North Fraser Way/L–DTZ Vancouver Real Estate; Mitch Ellis/Ryan Saundersp604-684-7117

Marine Way Business Park/3711-3771 North Fraser Way/M–BUK Investments Ltd/ L–BUK Realty; John McGrandlep604-408-3002

BURNABY Beresford 0.22

• • •

•

• •

•

• •

Big Bend

01_OFFICE SPACE 2014_CS6.indd 87

• •

•

19,100

•

215,000

•

• • •

•

• •

•

2014-04-11 10:46 AM

88 | Office space 2014 published by Business in VAncouver

Riverway Business Park/5489-5589 Byrne Rd/L–Re/MaxCentral; Chris Davies/Peter Hallp604-718-7300

200,000

New Haven Business Park/8508-8620 Glenlyon Pkwy/M–Amacon/L–CBRE Ltd; Bruce Hynds/Joe Inksterp604-662-3000

207,000

8988 Fraserton Crt/L–DTZ Vancouver Real Estate; Steve Caldwell/Phil Gibbonsp604-630-3386

80,000

3771 Marine Way/L–Avison Young; Kyle Blyth/Matt Thomasp604-647-5088

17,101

Marine Way Business Park/3888 North Fraser Way/L–Colliers; Russ Bougie/Adam Mitchellp604-661-0871

100,000

Kask Corporate Centre/9000 Bill Fox Way/M–Kask Ventures Corp/L–Colliers; Russ Bougie/Adam Mitchellp604-694-7207

63,334

170,000

e ya in r d lo st ad o w ar ra ge eh lig ou ht se m he a av nu f y o f m a ac t fic nu ur in e g r e s p fa c tu ta ac e ri il ng ra sp ac il e a ba cce r g ss e b o ac c m a ess

es cr

–a

ze si do

k pa r

–ssize q. ra f t ng . e

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact pPhone

ba y

be r of bu ild ta in ar l r gs e a en –s tab q. le ft .

Industrial/office park directory

•

• • •

•

Lake City Imperial Square - Lake City/8501-8676 Commerce Crt/O–2725321 Canada Inc/M–Bentall Kennedy/ L–Bentall Kennedy; David Haugenp604-661-5679

10.39

•

Eastlake Campus/8335 Eastlake Dr/M–Sun Life Financial/L–Cushman & Wakefield; Max Zessel/Roger Leggattp604-640-5824

310,000

1,900-150,000 16.5

Cariboo Business Park/6741 Cariboo Rd/O–Onni Group/L–Colliers; Todd Scarlett/Adam Mitchellp604-681-4111

288,776

11,085

7800-7884 Express St/L–Cushman & Wakefield; Flavio Untip604-640-5889

51,000

2,424-4,848

7950 Enterprise St/L–CBRE Ltd; Joe Inksterp604-662-3000

49,984

•

3149 Production Way/L–DTZ Vancouver Real Estate; Steve Caldwellp604-895-2224

45,000

•

2961-2971 Lake City Way/L–DTZ Vancouver Real Estate; Steve Caldwell/Steve McIntyrep604-895-2224

36,700

•

Underhill Business Centre/3011 Underhill Ave/M–402234 BC Ltd/L–Re/Max Central; Chris Davies/Peter Hallp604-718-7300

29,750

2969 Lake City Way/L–DTZ Vancouver Real Estate; Steve Caldwell/Chris McIntyrep604-895-2224

33,603

20,000

0.66

Dragonwood Industrial Park/2350 Beta Ave/O–Dragonwood Enterprises/M–Dragonwood Enterprises/ L–Dragonwood Enterprises; Michael Givtonp604-737-1312

110,000

23.2

5027-5049 Still Creek Ave/M–Altow Realty Group/L–Altow Realty Group; Andrew Altowp604-910-5180

67,818

2.5

Bridge Business Park/3823 Henning Dr/L–Re/Max Central; Peter Hall/Chris Daviesp604-718-7300

72,896

•

4415 Dawson St/L–CBRE Ltd; Ed Ferreira/Daren Starekp604-662-3000

17,600

•

2242-2272 Alpha Ave/L–DTZ Vancouver Real Estate; Chris McIntyre/Steve Caldwellp604-630-3392

35,900

•

3455 Gardner Crt/L–Cushman & Wakefield; Mike Thompson/Sean Ungemachp604-640-5836

41,620

2.47

•

5495 Regent St/L–Avison Young; John Lecky/Ryan Kerrp604-647-5061

56,100

•

• • •

•

• •

•

• •

•

Lougheed-Douglas 3810 1st Ave/L–Cushman & Wakefield; Flavio Untip604-683-3111

•

Still Creek •

• •

3,900-16,242

•

Willingdon-Canada Way Imperial Square Business Park/3000-3290 Beta Ave/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

215,000

2,461-4,840 2,752-3,685

Winston-Government 7618-7680 Winston St/O–Taymor Investments/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

43,392

8575 Government St/O–Newcorp Properties/M–Amacon/L–Colliers; Todd Scarlettp604-662-2639

45,458

•

4075 McConnell Dr/L–DTZ Vancouver Real Estate; Steve Caldwellp604-895-2224

20,000

•

Lakeview Business Park/4268 Lozells Ave/M–Rockwell Pacific/L–Re/Max Central; Chris Davies/Peter Hallp604-718-7300

35,000

•

3676 Bainbridge Ave/M–Beedie Group/L–CBRE Ltd; Joe Inkster/Jason Kiselbachp604-662-3000

85,009

4154 McConnell Dr/L–Cushman & Wakefield; Sean Ungemach/Jordan Sengarap604-640-5823

112,419

4.77

7069 Winston St/L–Re/Max Commercial Advantage; JT Leep604-628-0099

56,400

2.69

7570-7590 Conrad St/L–DTZ Vancouver Real Estate; Steve Caldwellp604-895-2224

30,305

1.41

•

• •

•

Coquitlam Mayfair Canoe Avenue/2401-2431 Canoe Ave/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

46,930

81 Golden Dr/O–Newcorp Properties Ltd/M–Onni Property Management/L–Avison Young; Kyle Blyth/Ben Lutesp604-646-8382

108,438

4,793-14,273

• •

•

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01_OFFICE SPACE 2014_CS6.indd 88

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| 89

•

2.7

•

91 Golden Dr/O–Newcorp Properties Ltd/M–Onni Property Management/ L–Avison Young; Kyle Blyth/Matt Thomasp604-647-5088

125,235

5,135

Mayfair Industrial Park/86 North Bend St/O–Paciﬁc Star Properties/M–Pinnacle Int’l/ L–Cushman & Wakeﬁeld; Kevin Volzp604-640-5851

46,540

5,280

Mayfair Industrial Park/85 Glacier St/O–Paciﬁc Star Properties/M–Pinnacle Int’l/ L–Cushman & Wakeﬁeld; Kevin Volz/Rick Eastmanp604-640-5800

52,812

7,900

Pinnacle Park Bldg F/9 Burbidge St/O–Mondi Properties/M–Pinnacle Int’l/ L–Cushman & Wakeﬁeld; Rick Eastman/Kevin Volzp604-640-5863

80,965

2390 United Blvd/L–CBRE Ltd; Joe Inkster/Jason Kiselbachp604-662-3000

14,329

93 North Bend St/L–CBRE Ltd; Joel Barnett/Gurch Ollekp604-662-3000

24,240

Mayfair Sq/185 Golden Dr/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

176,461

11,300

2.59

Mayfair Industrial Park/84 North Bend St/O–Paciﬁc Star Properties/M–Pinnacle Int’l/ L–Cushman & Wakeﬁeld; Rick Eastman/Kevin Volzp604-640-5863

45,520

5,600

Mayfair Industrial Park/2388 Canoe Ave/L–Colliers; Todd Scarlettp604-662-2639

44,942

2.26

•

• •

Paciﬁc Reach Riverfront Business Centre/16 Fawcett Rd/L–DTZ Vancouver Real Estate; Steve Caldwellp604-895-2224

20,000

Cape Horn Corporate Centre/62 Fawcett Rd/L–Cushman & Wakeﬁeld; Rick Eastman/Kevin Volzp604-683-3111

38,296

Cape Horn Business Park/17 Fawcett Rd/L–Cushman & Wakeﬁeld; Bill Hobbs/Kevin Volzp604-640-5808

90,000

1851 Brigantine Dr/L–CBRE Ltd; Mehdi Shokri/Jason Kiselbachp604-662-3000

1312-1314 Ketch Crt/L–Avison Young; Kyle Blyth/Ben Lutesp604-647-5088 1700 Brigantine Dr/L–Re/Max Central; Peter Hall/David Hallp604-718-7300

• 1,407

•

27,500

•

20,000

•

34,371

•

56,451

•

Cliveden West Business Centre/1585-1595 Cliveden Ave/O–Pensionfund Realty/M–Morguard Investments/ L–Colliers; Andrew Lordp604-662-2699

82,270

•

3.69

• •

•

Schoolhouse Schoolhouse Industrial Park/175 Schoolhouse St/O–Wesgroup Properties/M–Wesgroup Properties/ L–Wesgroup Properties; Rob Eyersp604-633-2898

•

DELTA Annacis Island 5,966-11,040

801 Belgrave Way/L–CBRE Ltd; Gurch Ollek/Mat Sunderlandp604-662-3000

44,000

•

915 Cliveden Ave/O–Rimrock Investment/M–Bosa Development/L–Avison Young; Ryan Kerrp604-647-5094

161,306

•

1668 Fosters Way/L–NAI Commercial; Rob DesBrisayp604-691-6602

25,461

•

1.18

Annacis Business Park/766 Cliveden Pl/L–Cushman & Wakeﬁeld; Lee Hesterp604-640-5809

78,325

460 & 464 Fraserview Pl /L–CBRE Ltd; Gurch Ollek/Mat Sunderlandp604-662-3000

30,732

Annacis Business Park/1600-1610 Derwent Way/L–Jones Lang LaSalle; Casey Bellp604-998-6014

117,000

5 2.92

940 Cliveden Ave/L–Colliers; Stefan Morissette/Darren Cannonp604-681-4111

27,864

1020 Derwent Way/O–Rimrock Investment/M–Bosa Development/L–Avison Young; Robert Gritten/Ryan Kerrp604-647-5063

251,222

Cliveden Place 1/819 Cliveden Pl/O–Sun Life Financial/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evansp604-233-1009

73,000

Cliveden Centre 6/715-725 Eaton Way/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evansp604-233-1009

Cliveden Centre 5/1479-1497 Lindsey Pl/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evansp604-233-1009 Cliveden Centre 4/1480-1498 Cliveden Ave/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evansp604-233-1009

6,048-12,376

4.08

•

• •

•

• • •

•

13,000-26,000 4

•

105,269

6,000-16,000

•

73,478

10,000-13,000

•

69,500

7,000-15,000

•

Cliveden Centre 1/1278-1322 Cliveden Ave/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evansp604-233-1009

126,611

12,000-21,000

•

1525 Derwent Way/L–Colliers; Andrew Lord/Stefan Morissettep604-681-4111

81,350

22,500

•

• •

•

800 Carleton Crt/O–Great West Life/M–GWL Realty/L–CBRE Ltd; Blair Quinnp604-662-5161

91,897

•

1608 Cliveden Ave/O–Artis REIT/Kingswood Capital/L–Avison Young; Ryan Kerrp604-647-5094

142,395

6.096

•

1511 Derwent Way/O–BUK Investments/M–BUK Investments/L–BUK Realty; John McGrandlep604-408-3002

106,987

4.65

•

1080 Cliveden Ave/L–DTZ Vancouver Real Estate; Steve Caldwell/Casey Bellp604-895-2224

55,050

•

1500-1520 Derwent Way/M–Bentall Kennedy/L–Bentall Kennedy; Jeff Rankp604-661-5090

51,822

•

877 Cliveden Ave/L–Jones Lang LaSalle; Bruno Fiorvento/Casey Bellp604-998-6006

27,203

•

1538 Cliveden Ave/L–Jones Lang LaSalle; Bruno Fiorventop604-998-6006

80,000

•

1488 Derwent Way/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

82,800

•

880 Belgrave Way/M–Manulife Real Estate/L–Avison Young; Ryan Kerrp604-647-5094

162,330

•

Millennium VI/1005 Derwent Way/L–Colliers; Darren Cannon/Stuart Morrisonp604-662-2637

162,715

•

78,324

•

Nordel Business Park/8207 Swenson Way/L–Colliers; Craig Kincaid-Smithp604-661-0883

25,212

9829 River Rd/L–Colliers; Craig Kincaid-Smithp604-661-0883

32,120

Buckingham Industrial Estates/8140 92 St/L–Colliers; Don Vinerp604-662-2613

65,000

Buckingham Industrial Estates/8257 92 St/L–Colliers; Don Viner/Stefan Morissettep604-681-4111

54,666

7391 Vantage Way/L–Cushman & Wakeﬁeld; Lee Hesterp604-640-5851

39,101

2,473-4,620

2.34

Riverpointe Business Park/6780 Dennett Pl/O–Beedie Group/M–Beedie Group/ L–Cushman & Wakeﬁeld; Lee Hesterp604-683-3111

61,080

7,945-61,080

5.6

•

• •

• • •

•

Deas Slough Glenwood Commerce Centre/6165 Highway 17/O–Concert Real Estate/M–Concert Realty Services/ L–Cushman & Wakeﬁeld; John Weiss/Lee Hesterp604-640-5856

•

River Road East •

•

• •

2.006

•

Tilbury Area

01_OFFICE SPACE 2014_CS6.indd 89

•

2014-04-11 10:46 AM

90 | OFFICE SPACE 2014 PUBLISHED BY BUSINESS IN VANCOUVER

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277,412

•

400,000

•

7167 Progress Way/M–Concert Realty Services Ltd/L–Colliers; Chris Morrisonp604-661-0785

121,822

•

River Way Business Park/7990 Hoskins St/L–Colliers; Vito DeCicco/Stefan Morissettep604-692-1428

111,006

•

Tilbury Industrial Park/7388 Hume Ave/L–Colliers; Craig Kincaid-Smithp604-661-0883

18,190

1.05

•

6755 Dennett Pl/L–Cushman & Wakeﬁeld; John Weiss/Lee Hesterp604-640-5809

23,122

1.07

•

7533 Progress Way/L–Cushman & Wakeﬁeld; Lee Hester/John Weissp604-640-5809

38,500

2.58

•

2.59

•

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Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact pPhone

BA Y

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Industrial/office park directory

7551 Vantage Way/L–Colliers; Craig Kincaid-Smithp604-661-0883

8,122

7950 Huston Rd/O–BUK Investments/L–BUK Investments; John McGrandlep604-408-3002

42,347

575 Ebury Pl/L–Colliers; Craig Kincaid-Smithp604-661-0883

20,730

Tilbury Business Centre/7188 Progress Way/L–Colliers; Craig Kincaid-Smithp604-661-0883

106,286

Tilbury Business Park/7533 Progess Way/L–Cushman & Wakeﬁeld; John Weiss/Lee Hesterp604-683-3111

38,500

South Fraser Industrial Centre/7831-7979 Vantage Way/M–Triovest/L–Colliers; Darren Cannon/Stuart Morrisonp604-662-2637

Tilbury West Corporate Centre/6849-6901 72nd St/M–Beedie Group/L–Colliers; Chris Morrisonp604-661-0785

4,244

• 0.75

2,389 2.58

4.7 •

•

• •

•

• • •

•

• •

LANGLEY Gloucester Estates 26620 56 Ave/L–Cushman & Wakeﬁeld; William (Bill) Hobbsp604-640-5808

22,315

TransCanada Centre Bldg 1&2/26596 Gloucester Way/M–Condominium Corp/L–CBRE Ltd; Gurch Ollekp604-662-5103

162,169

Gloucester Industrial Estates/272 St and 56 Ave/M–Beedie Group/L–CBRE Ltd; Gurch Ollekp604-662-5103

189,500

Gloucester Industrial Estates/5292 272 St/L–Colliers; Vito DeCicco/Chris Morrisonp604-681-0830

30,200

26977 56 Ave/O–Beedie Development Group/M–Beedie Group/L–Colliers; Chris Morrison/Vito DeCiccop604-681-4111

102,494

• 8.26

4.48

•

Horizon Paciﬁc Corporate Centre II/26988 56 Ave/L–Avison Young; Michael Farrellp604-646-8388

86,340

3254 262 St/L–NAI Commercial; Gary Niesnerp604-514-6832

85,000

•

3252 262 St/L–NAI Commercial; Don MacDonaldp604-514-6824

30,000

15,000-30,000

•

20350 Langley Bypass/O–Beedie Group/M–Beedie Group/L–Colliers; Chris Morrison/Vito DeCiccop604-681-4111

27,134

25,238

•

6011 196A St/L–Avison Young; Michael Farrell/John Eakinp604-646-8388

25,500

20530 Langley Bypass/O–BUK Investments/M–BUK Investments/L–BUK Realty; John McGrandlep604-408-3002

53,995

• •

• • •

•

Langley City • 1,765-10,450

•

• •

•

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Langmark Industrial Centre/20560 Langley Bypass/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Leslie Koolep604-531-1138

75,794

•

22661 Fraser Hwy/L–CBRE Ltd; Harry Ghag/Mat Sunderlandp604-662-3000

14,070

Langley Bypass Home Style Centre/19600 Langley Bypass/M–Wesgroup Properties/ L–Frontline Real Estate; Garth White/Joe Lehmanp604-668-5994

37,247

20329 Logan Ave/L–Cushman & Wakeﬁeld; Lee Hester/John Weissp604-640-5809

57,000

4.83

•

205,050

•

Northwest Langley 401 Business Centre/9295-9355 198 St/O–bcIMC/M–GWL Realty Advisors/ L–Colliers; Malcolm Earle/Randy Heedp604-661-0895 401 Business Park Bldg C/19770 94A Ave/M–GWL Realty Advisors/L–Colliers; Malcolm Earle/Randy Heedp604-661-0895

205,050

9080 196A St/L–CBRE Ltd; Harry Ghag/Mat Sunderlandp604-662-3000

48,000

9975 199B St/L–Cushman & Wakeﬁeld; William (Bill) Hobbsp604-640-5808

86,454

9.14

19736 98 Ave/L–Cushman & Wakeﬁeld; William (Bill) Hobbsp604-640-5808

23,376

1.1

Willowbrook Business Park/20434 64 Ave/M–Concert Properties/ L–Re/Max Commercial Advantage; Gordon MacPhersonp604-510-5555

97,000

4.5

Mufford Industrial Park/20626-20630 Mufford Cres/O–Wesgroup/M–Wesgroup Properties/ L–Wesgroup Properties; Blake Tsuyukip 604-484-2622

78,840

5650 Production Way/O–Wesgroup/M–Wesgroup Properties/L–Wesgroup Properties; Blake Tsuyuki/Rob Eyersp604-484-2622

31,080

9,300 •

• •

•

• •

•

Willowbrook •

•

MAPLE RIDGE Maple Meadows Maple Meadows Industrial Park/20121 115A Ave/L–Cushman & Wakeﬁeld; Rick Eastman/Kevin Volzp604-640-5863

22,800

11443 Kingston St/L–DTZ Vancouver; Phillip Gibbons/Steve Caldwellp604-630-3386

10,000

4,013

1.06

Maple Meadows Industrial Park/20000 Stewart Cres/L–Cushman & Wakeﬁeld; William (Bill) Hobbsp604-640-5808

136,644

10.96

•

• • •

NEW WESTMINSTER Brunette Braid St Distribution Centre/109 Braid St/O–2725321 Canada Inc/M–Bentall Kennedy/L–CBRE Ltd; Joe Inksterp604-662-3000

689,528

15 Braid St/O–Bosa Development/M–604-294-0666 /L–Cushman & Wakeﬁeld; Flavio Untip604-683-3111

78,141

Suite 211–8291 92 Street Delta, BC V4G 0A4

01_OFFICE SPACE 2014_CS6.indd 91

•

• •

2014-04-11 10:46 AM

92 | Office space 2014 published by Business in VAncouver

230 Brunette Ave/L–Cushman & Wakefield; Noah Freedmanp604-640-5858

95,353

15,530

22,750

51,877

e ya in r d lo st ad o w ar ra ge eh lig ou ht se m he a av nu f y o f m a ac t fic nu ur in e g r e s p fa c tu ta ac e ri il ng ra sp ac il e a ba cce r g ss e b o ac c m a ess

es cr

–a

ze si

4.49

k pa r

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ba y

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact pPhone

be r of bu ild ta in ar l r gs e a en –s tab q. le ft .

Industrial/office park directory

•

New Westminster South Queensborough Business Park/1135 Tanaka Crt/M–Beedie Group/L–Colliers; Andrew Lord/Stefan Morissettep604-681-4111

2.7

North Vancouver City Brooksbank Eagle Park/823-837 3rd St W/L–Avison Young; Terry Thies/Ian Whitchelop604-687-7331 MacKay-Bewicke Harbourside Business Park/998 Harbourside Dr/L–Re/Max Central; Peter Hall/Steven Hallp604-718-7300

66,000

Harbourside Landing/35 Gostick Pl/L–Avison Young; Matt Thomas/Kyle Blythp604-646-8383

19,650

2,000-20,000

•

1408 Crown St/L–CBRE Ltd; Mehdi Shokrip604-662-5179

10,000

2,500-10,000

20 Orwell St/L–CBRE Ltd; Mehdi Shokrip604-662-5179

36,970

•

1545-1587 Columbia St/L–Avison Young; Matt Thomas/Kyle Bythp604-646-8383

42,600

•

1588 Columbia St/L–Avison Young; Terry Thies/Ian Whitchelop604-646-8398

60,000

•

Dollarton Business Park/197 Forester St/L–Avison Young; Terry Thies/Ian Whitchelop604-646-8398

46,253

Dollarton Landing /2433-2455 Dollarton Hwy/L–Avison Young; Terry Thies/Ian Whitchelop604-687-7331

130,424

1,179-2,149

Northwoods Business Park/2220-2770 Dollarton Hwy/O–BcIMC/M–GWL Realty/ L–Avison Young; Terry Thies/Ian Whitchelop604-646-8398

80,825

4,560

Capilano Business Park/930-980 1st St W, 949 3rd St W/L–Avison Young; Terry Thies/Ian Whitchelop604-646-8398

290,681

2,000-10,000

1305 Welch St/L–Re/Max; Jeff Pilkington/Ross Formanp604-980-3003

26,950

•

1140-1148 15th St W/L–Avison Young; Terry Thies/Ian Whitchelop604-687-7331

18,650

•

24,070

•

75,655

Broadway Business Park/1585 Broadway St/O–Pacific Star Properties/M–Pinnacle Int’l/ L–DTZ Vancouver Real Estate; Steve Caldwell/Phil Gibbonsp604-895-2224

115,000

Broadway Business Park/1647 Broadway St/O–Mondi Properties/M–Pinnacle Int’l/ L–DTZ Vancouver Real Estate; Steve Caldwellp604-895-2224

183,819

4,200

1533 Broadway St/O–Onni Development/M–Onni Group/L–Re/Max Central; Peter Hall/Chris Daviesp604-718-7300

115,978

1525 Broadway St/O–Onni Development/M–Onni Development Corp/ L–Re/Max Central; Peter Hall/Chris Daviesp604-718-7300

110,670

Broadway Buisness Park/1515 Broadway St/O–Mondi Properties/M–Pinnacle Int’l/ L–DTZ Vancouver Real Estate; Steve Caldwell/Phil Gibbonsp604-895-2224

50,000

Broadway Buisness Park/1611 Broadway St/O–Mondi Properties/M–Pinnacle Int’l/ L–DTZ Vancouver Real Estate; Steve Caldwell/Phil Gibbonsp604-895-2224

108,000

•

North Vancouver District Lynnmour 2

•

• •

•

Maplewood • 24

•

Norgate •

• •

•

Pitt Meadows Maple Meadows Maple Meadows Corporate Centre Phase I/20285 Stewart Cres/ L–Cushman & Wakefield; Kevin Volz/Rick Eastmanp604-683-3111

2.42

Pitt Meadows Airport Golden Ears Business Centre/19100 Airport Way/O–RPMG Holdings Ltd/M–Onni Property Management/ L–Colliers; Chris Morrison/Chris Brewsterp604-681-4111

3,519-41,436

•

7,500-12,000

•

3,601

•

Port Coquitlam Mary Hill Estates

4,200+

1650 Broadway St/O–Daro Developments/L–Re/Max Central; Peter Hallp604-718-7300

66,000

8,775-66,000

•

1776 Broadway St/O–Onni Group/M–Onni Property Management/L–Re/Max Central; Chris Davies/Peter Hallp604-718-7300

64,302

5,178

•

1375 Kingsway Ave/L–CBRE Ltd; Joe Inkster/Jason Kiselbachp604-662-3000

55,988

•

1750 McLean Ave/L–Cushman & Wakefield; Kevin Volz/Rick Eastmanp604-640-5851

49,648

•

1765 Coast Meridian Rd/L–DTZ Vancouver Real Estate; Steve Caldwellp604-895-2224

120,660

•

30,348

•

37,285

•

6 1,640 6.12

• •

•

• •

Meridian 1613 Kebet Way/M–Beddie Group/L–Colliers; Greg Lane/Chris Morrisonp604-692-1442

Port Moody St. John’s 1100 Lansdowne Dr/L–DTZ Vancouver Real Estate; Rand Thomsonp604-630-3393

3,000-6,000

Richmond Bridgeport-North Richmond 11180 River Rd/L–DTZ Vancouver Real Estate; Anthony Luxp604-630-3377

27,100

Vauxhall Corporate Centre/2200-2400 Vauxhall Pl/L–Value Property Group; Arnold Silberp604-606-7000

47,330

1.1

•

11480-11482 River Rd/L–DTZ Vancouver Real Estate; Anthony Luxp604-630-3377

175,332

•

2551 Vauxhall Pl/L–Re/Max Central; Peter Hallp604-718-7300

20,350

•

Bridgeport Business Park/9111 Beckwith Rd/L–CBRE Ltd; Joel Barnettp604-662-3000

21,384

36,959

4,050

2,588-21,384

•

• •

•

• • • •

• • •

Brighouse Keybridge Business Centre/6851-6871 Elmbridge Way/M–RCG Group/ L–Cushman & Wakefield; Noah Freedman/Ron Emersonp604-608-5921

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2014-04-15 11:03 AM

Brighouse West/5920 No 2 Rd/M–Bentall Kennedy/L–Bentall Kennedy; Jeff Rankp604-661-5090

45,814

Brighouse West Business Park/5940 No 2 Rd/M–Bentall Kennedy/L–Bentall Kennedy; David Haugenp604-661-5679

27,600

E YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

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•

• •

Brighouse West/6191 Westminster Hwy/M–Bentall Kennedy/L–Bentall Kennedy; Jaclyn Behnishp604-661-5679

20,370

•

Brighouse West/6211 Westminster Hwy/M–Bentall Kennedy/L–Bentall Kennedy; Jeff Rankp604-661-5090

30,000

•

Brighouse West Business Park/6551 Westminster Hwy/M–Bentall Kennedy/L–Bentall Kennedy; David Haugenp604-661-5679

30,492

Brighouse West Business Park/6311-6351 Westminster Hwy/M–Bentall Kennedy/ L–Bentall Kennedy; Jaclyn Behnishp403-264-4616

86,634

252,072

7,000+

13480 Crestwood Place/O–BUK Investments/M–BUK Investments/L–BUK Realty; John McGrandlep604-408-3002

125,000

7,600-45,000

5.43

Knightsbridge Business Park/3260 Viking Way/O–Concert Real Estate/M–Concert Realty Services/ L–Colliers; Andrew Lord/Stefan Morissettep604-681-4111

65,800

3,600+

15.7

•

Knightsbridge Plaza IV, V & VI/3511-3571 Viking Way/O–Concert Real Estate/M–Concert Realty Services/ L–Colliers; Andrew Lord/Stefan Morissettep604-681-4111

297,040

3,600+

15.7

•

International Business Park/4020-4620 Viking Way/O–BUK Investments/M–BUK Investments/ L–BUK Realty; John McGrandlep604-408-3002

360,000

• •

•

Crestwood Knightsbridge Business Park/13140-13260 Delf Pl/M–GWL Realty Advisors/ L–Cushman & Wakeﬁeld; Mark Chambersp604-640-5880

•

• 18,789

3.1

•

Crestwood Industrial Park/12511 Vulcan Way/L–CBRE Ltd; Fraser Rowlandp604-662-5128

69,500

3600 Viking Way/L–CBRE Ltd; Joel Barnett/Bruce Richardsonp604-662-3000

46,241

2460 Shell Rd/L–Avison Young; Ryan Kerrp604-647-5094

27,000

Key West Business Centre/3760-3960 Jacombs Rd/O–IKEA/M–Arcturus Realty/L–CBRE Ltd; Fraser Rowlandp604-662-5128

419,996

Crestwood Place Business Centre/13511 Crestwood Pl/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard Investments; Faye Tamp604-681-9474

50,582

Viking Way Business Centre/3671-3691 Viking Way/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard Investments; Faye Tamp604-681-9474

69,350

•

17.1

•

5.75

•

3810 Jacombs Rd/L–CBRE Ltd; Fraser Rowlandp604-662-5128

73,161

Knightsbridge Business Park Bldg 2/13211 Delf Pl/M–GWL Realty/L–Cushman & Wakeﬁeld; Mark Chambersp604-640-5880

24,864

•

Knightsbridge Business Park Bldg 1/13231 Delf Pl/M–GWL Realty/L–Cushman & Wakeﬁeld; Mark Chambersp604-640-5880

53,800

•

Crestwood Commerce Centre/5600 Parkwood Way/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evansp604-233-1009

175,000

•

Gateway Paciﬁc Business Centre/13240 Worster Crt/M–Bentall Kennedy/ L–Colliers; Darren Canon/Stuart Morrisonp604-681-4111

147,378

•

2080 Van Dyke Pl/L–Jones Lang LaSalle; Bruno Fiorvento/Casey Bellp604-998-6006

48,667

•

2051 Viceroy Pl/L–Jones Lang LaSalle; Bruno Fiorvento/Casey Bellp604-998-6014

53,864

•

14500 River Rd/L–DTZ Vancouver Real Estate; Anthony Luxp604-630-3377

18,879

•

14251 Burrows Rd/L–Avison Young; Ryan Kerrp604-647-5094

67,000

Gateway Paciﬁc Business Centre/13248 Worster Crt/M–Bentall Kennedy/ L–Colliers; Darren Cannon/Stuart Morrisonp604-662-2637

61,468

Hopewell Distribution Centre (Phase III)/16111 Blundell Rd/L–Colliers; Stuart Morrison/Darren Cannonp604-683-4111

279,742

East Richmond Distribution Centre/16100 Blundell Rd/L–CBRE Ltd; Gurch Ollekp604-662-5103

297,680

Kingswood Industrial Park/18111 Blundell Rd/L–Colliers; Stuart Morrisonp604-662-2676

412,375

Shelter Island Commerce Centre/21300-21320 Gordon Way /O–Farrell Estates/M–Farrell Estates/ L–Farrell Estates; Stephanie Setchellp604-273-7505

180,000

Shelter Island Commerce Centre Marinaside/6900 Graybar Rd/O–Farrell Estates/M–Farrell Estates/ L–Farrell Estates; Stephanie Setchellp604-273-7505

180,000

6251 Graybar Rd/O–Farrell Estates/M–Farrell Estates/L–Farrell Estates; Stephanie Setchellp604-273-7505

30,000

Fraserwood Corporate Centre/22091 Fraserwood Way/L–DTZ Vancouver Real Estate; Anthony Luxp604-630-3377

26,010

•

Goldbar Business Plaza/20800 Westminster Hwy/L–Compass Point; Mark Morrisonp604-214-8645

30,000

•

21331 Gordon Way/O–Farrell Estates/M–Farrell Estates/L–Farrell Estates; Stephanie Setchellp604-273-7505

75,702

2,200

•

2,600

•

1,800-20,000

•

3.09 3,000+

•

0.562

•

East Richmond 64,926

11.7

•

13.2

•

Fraserwood

6260 Graybar Rd/O–Farrell Estates/M–Farrell Estates/L–Farrell Estates; Stephanie Setchellp604-273-7505

66,380

Fraserwood Business Park/22071 Fraserwood Way/L–CBRE Ltd; Joel Barnett/Bruce Richardsonp604-662-3000

16,294

3,500

•

• •

•

Mitchell Island Mitchell Island Business Centre/11280 Twigg Pl/L–Jones Lang LaSalle; Casey Bellp604-998-6014

80,550

•

Greypointe Business Centre/12920-13180 Mitchell Rd/L–Colliers; Darren Cannonp604-662-2637

255,525

•

11400 Twigg Pl/L–Jones Lang LaSalle; Casey Bell/Bruno Fiorventop604-998-6016

52,992

•

Riverside Business Park/12291 Riverside Way/M–GWL Realty Advisors/L–GWL Realty Advisors; Steffan Smithp604-713-6480

74,042

•

Riverside Industrial Park/11160 Silversmith Pl/L–CBRE Ltd; Bruce Richardson/Joel Barnettp604-662-3000

21,225

•

Riverside 4 21,225

0.81

•

Riverside Centre/11151-11191 Horseshoe Way/L–Cushman & Wakeﬁeld; Ron Emersonp604-640-5921

173,000

•

11781 Machrina Way/M–Dorset Realty Group Ltd/L–Dorset Realty; Colin Schussp604-270-1711

14,180

•

11520 Horseshoe Way/L–CBRE Ltd; Bruce Richardson/Joel Barnettp604-662-3000

23,000

1.3

•

• •

•

Van Horne

01_OFFICE SPACE 2014_CS6.indd 93

2014-04-11 10:46 AM

18707_V

94 | Office space 2014 published by Business in VAncouver

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River Road Business Centre/7080-7100 River Rd/M–Dorset Realty Group/ L–Dorset Realty Group Ltd; Colin Schussp604-270-1711

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact pPhone

be r of bu ild ta in ar l r gs e a en –s tab q. le ft .

Industrial/office park directory

240,313

•

Surrey Bridgeview Agwood Station/10619 Timberland Rd/M–Freeport Properties/L–Avison Young; John Eakin/Michael Farrellp604-646-8399

60,000

31,755

PacificLink Business Park/Scott Rd & 103A Ave/M–Wesgroup Properties/ L–Colliers; Stuart Morrison/Andrew Lord/Chris Brewsterp604-681-4111

• 83

13085 115 Ave/L–DTZ Vancouver; Sebastian Espinosa/Chris McIntyrep604-630-3396

28,939

11732 130 St/L–Avison Young; Michael Farrell/John Eakinp604-646-8399

30,000

1,807-3,151

•

• 4

•

• •

•

• •

Campbell Heights Campbell Heights I/19097 26 Ave/L–Cushman & Wakefield; Sean Ungemachp604-640-5823

45,800

19110 24 Ave/O–Onni Group/M–Onni Property Management/L–Frontline Real Estate; Jordan Macdonaldp604-687-8320

109,573

5.68

•

Campbell Heights Business Centre - Phase I/2677 192nd St/ L–Cushman & Wakefield; Kevin Volz/Andrew Greenp604-640-5851

35,782

5.62

•

Campbell Heights Industrial Park/19074 22 Ave/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

Campbell Heights II/19288 22 Ave/L–Cushman & Wakefield; William (Bill) Hobbs/Andrew Greenp604-640-5808

43,842

1.96

•

72,500

8.37

•

19099 25 Ave/L–Cushman & Wakefield; Kevin Volz/Andrew Greenp604-640-5851

39,000

2.52

Blackthorn IV/19347 24 Ave/L–Cushman & Wakefield; Kevin Volz/Andrew Greenp604-640-5800

99,007

4.92

•

Campbell Heights North Business Park/18905 32 Ave/ L–DTZ Vancouver Real Estate; Steve Caldwell/Sebastian Espinosap604-895-2224

30,000

1.54

•

Campbell Heights West/18810 24 Ave/L–Avison Young; Ryan Kerr/Robert Grittenp604-647-5094 2181 192 St/L–Colliers; Malcolm Earle/Randy Heedp604-661-0895

400,000

•

22,034

•

17688 66 Ave/L–Frontline Real Estate Services; Todd Bohnp604-676-4138

20,000

•

Cloverdale Business Park/18445 53 Ave/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

61,410

0.98

17848 66 Ave/L–Colliers; Vito DeCicco/Chris Morrisonp604-681-4111

51,900

4.05

19370 Enterprise St/L–Colliers; Chris Morrisonp604-661-0785

19440 Enterprise Way/L–Colliers; Chris Morrison/Vito DeCiccop604-661-0785

3,400-20,000

•

• •

•

• • •

•

Cloverdale • •

•

20,671

•

• •

35,995

•

Willowbrook Business Centre/19292 60 Ave/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Leslie Koolep604-533-1138

74,602

•

Village Centre/15515 24 Ave/L–Frontline Real Estate; Todd Bohnp604-676-4138

34,632

Newton Omniplex Industrial Centre/13320 78 Ave/O–7788 Holdings/M–Newton Omniplex Industrial Centre/ L–Cushman & Wakefield; Kevin Volz/Rick Eastmanp604-640-5851

234,000

14,373-15,743

9.6

Anvil Way Industrial Centre/12824-12914 Anvil Way/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Leslie Koolep604-533-1138

90,000

2,850-23,000

Bear Creek Industrial Park/12779 80 Ave/M–Wesgroup Properties/ L–Cushman & Wakefield; Jordan Sengara/Sean Ungemachp604-640-5845

33,465

East Newton 850-10,150

•

Newton •

•

2.16

•

1,800

1.67

•

5.53

•

North Newton West Industrial Centre/8125-8145 130 St/L–Cushman & Wakefield; Kevin Volz/Andrew Greenp604-683-3111

147,487

1,800-3,339

Colebrook Business Centre/5433 152 St/M–Morguard/L–Cushman & Wakefield; Andrew Green/Kevin Volzp604-640-5800

40,463

4,099-24,098

13120 76 Ave/L–CBRE Ltd; Harry Ghag/Mat Sunderlandp604-662-3000

95,380

Scott Road Industrial Centre/12130-12158 86 Ave/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

56,588

Bear Creek/7800 Anvil Way/L–Cushman & Wakefield; Kevin Volz/Jot Mattup604-640-5851

40,386

3.01

Bear Creek/13140 88 Ave/L–Cushman & Wakefield; Jot Mattu/Kevin Volzp604-639-9352

44,000

Bear Creek Corporate Centre/13055 80 Ave/M–Pure Industrial Real Estate/ L–Colliers; Chris Morrison/Chris Brewsterp604-681-4111

38,232

Bear Creek Industrial Park/12960 84 Ave/L–Frontline Real Estate; Garth White/Joe Lehmanp604-668-5994

56,500

•

1.06

•

2.3

•

• 2,000-6,000 •

•

• •

• • •

•

• •

Port Kells Westmorland/18812 96 Ave/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

30,000

Port Kells Industrial Centre/9710 187 St/M–Hungerford Group/L–Avison Young; Michael Farrell/John Eakinp604-646-8388

123,500

Campbell Heights/2133 191 St/M–Beedie Group/L–Colliers; Vito DeCiccop604-681-4111

80,000

Centre on 96th Avenue/19358 96 Ave/O–Wesgroup/M–Wesgroup Properties/L–Wesgroup Properties; Rob Eyersp604-633-2898 1

3.27 7,600+

5.237

176,000

6.3

62,800

2.89

• •

•

9425 190 St/L–Avison Young; John Lecky/William Farrellp604-647-5061

9344 192 St/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

20,700

0.8

•

9444 190 St/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

11,133

0.44

•

Goodyear Tire Warehouse/9410 195 St/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

56,080

2.99

•

18802 96 Ave/L–Cushman & Wakefield; William (Bill) Hobbsp604-640-5808

160,000

6.42

•

10167 199B St/L–Colliers; Vito deCicco/Chris Morrisonp604-681-4111

42,000

•

01_OFFICE SPACE 2014_CS6.indd 94

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• •

•

• • • • •

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2014-04-15 11:04 AM

Manulife

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Manulife Financial fp 35231 indd 1 01_OFFICE SPACE 2014_CS6.indd 95

4/10/13 11:25:24 AM 2014-04-11 10:46 AM

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