Vancouver鈥檚 International Village mall has been listed for sale as part of a trio of retail properties, for an undisclosed price.听
CBRE鈥檚 Urban Properties Group is presently marketing , an opportunity to acquire the mall, nearby Paris Square, and .听
The portfolio includes over 11 acres of land and over 400,000 square feet of leasable retail space.听
International Village mall, previously known as Tinseltown, is best know for its anchor tenant, Cineplex Odean Cinemas. The mall offers over 195,000 square feet of retail space, occupied mostly by independent retailers, a Starbucks and Rexall pharmacy.听
The 3.38-acre site also offers potential for redevelopment straddling Vancouver鈥檚 Stadium District and Chinatown.听
鈥淚nternational Village鈥檚 vast retail space and superb location is remarkably under-utilized in its current form. Investors are offered the opportunity to dramatically increase International Village鈥檚 visitation and revenue by implementing a new space planning and tenant positioning strategy,鈥� reads the listing from CBRE.
Across from the mall is the portfolio鈥檚 80,000-square-foot 鈥淧aris Square,鈥� the roundabout property anchored by T&T Supermarket. The square has stair access to the Expo Line鈥檚 Stadium-Chinatown SkyTrain station.听
The third property included in the portfolio is the nearly 143,000-sqaure-foot Henderson Place Mall, located on 6.18 acres of land in Coquitlam. The site鈥檚 proximity to the new Lincoln Station stop on the Evergreen Extension makes it ripe for redevelopment to capitalize on the area鈥檚 growing densification.听聽
鈥淭hese diverse retail centres are all prominently located on transit in high-density neighbourhoods within downtown 麻豆传媒映画and Coquitlam, B.C., and offer investors opportunities to dramatically increase value through redevelopment and repositioning strategies,鈥� the listing states.听
