Single Property Transaction comprising:
2 x 24-storey concrete rental towers | 2 x 8-storey concrete rental towers | Combined 528 rental units | 50,000 Sq. Ft. of Retail Space | Situated on large 7.29 acre site
Lougheed Village Apartments comprised one of the largest single multi-family property transactions in British Columbia's history. Lougheed Village Apartments is situated on a large 7.39 acre site, originally constructed in 1973 as a mixed-used development consisting of two 24-storey and two 8-storey concrete rental towers with a combined total of 528 suites. The subject property is also improved with a 50,123 Sq. Ft. 2-storey retail shopping village, indoor pool & hot tub, it's own lake "Willows Lake", and a variety of lush gardens, and a multi-level parkade with approximately 900 secured parking stalls.
Lougheed Village Apartments is located in the City of Burnaby, just steps from Lougheed Town Center mall & Skytrain Station. The Property enjoys easy access to both Lougheed Highway and Highway 1, and is ideally situated in close proximity to schools, parks, Cameron Public Library & Community Center, and a variety of amenities.
The National Apartment Group - BC brought in the purchaser and represented the vendor in this successful off-market transaction.
This property transaction was featured in www.bisnow.com