BLACKWOOD Partners, on behalf of AIMCo Realty Investors LP, announced on Tuesday the acquisition of Renfrew Centre, a 170,000-square-foot office building development at East 12th Avenue and Renfrew Street in Vancouver. Blackwood Partners provided investment advisory services on the transaction and are the asset managers for the project. Renfrew Centre’s development manager will be Pacific Capital Real Estate Group.
Renfrew Centre will be the most contemporary business complex in Metro Vancouver, a building that meets and exceeds the requirements of today’s office users incorporating the latest developments in environmental sustainability. This exciting project is located at the geographic centre of Metro Vancouver, immediately adjacent to the Renfrew SkyTrain station and the Route 99 B-line transit loop and is a 12 minute ride to the downtown core. The property also provides access to the Central Valley Greenway (bikeway connecting New Westminster to Vancouver). The surrounding area has long been established as a vibrant office node with excellent retail shops and restaurants located minutes away. The location is easily accessible by every major mode of commuting.
Michael Cairns, Managing Partner at Blackwood Partners stated, “We are very pleased to see this deal come together and look forward to commencing construction during the next few weeks. Renfrew Centre is a state of the art office building in an excellent location just steps from the Renfrew SkyTrain Station and we know it will be a successful development.”
Micheal Dal Bello, Senior Vice President at AIMCo, said: “Renfrew Centre is an excellent addition to our high quality real estate portfolio. This transit-oriented office development in the vibrant city of Vancouver is a strategic investment for AIMCo. We have an experienced team in place which we expect to deliver positive results for this investment.”
Designed by Musson Cattell Mackey Architects – the leading architecture and design firm for office buildings in Vancouver – the Renfrew Centre is designed to be a state-of-the-art, seven storey, LEED Gold Certified office building. The building will be ready for tenant occupancy late 2015.
The building features 25,000 square foot floor plates and will include low-E window glazing, unique sun shade designs, abundant natural light, 9’ceiling heights, floor to ceiling glazing, state of the art HVAC systems, underground parking and service retail space within the development.
For more information, visit www.renfrewcentre.com