Investment Services Income Property Sales Food and Drug-anchored shopping centres
University Heights Shopping Centre
-
Transaction
Sale -
Size / Leasable Area
506,092 SF/205,500 SF -
Address
3956 Shelbourne St. & 3955 Cedar Hill Rd., Victoria, BC -
Represented
Vendor -
Tenant / Anchor
Home Depot, Save-on-Foods, Landmark Cinemas, CIBC and RBC
Form was engaged by the vendor to sell University Heights Shopping Centre (UHSC) as part of a six-property portfolio located in Victoria, B.C. UHSC consists of a 200,000 square foot enclosed mall, anchored by the likes of Save-On Foods, Home Depot, Landmark Cinemas, and CIBC. The existing structure is located on a 10 acre site within close proximity to the University of Victoria, providing for considerable redevelopment potential. University Heights was part of a larger portfolio of assets, which included 1483 Douglas Street (City Centre Plaza), the Leland Building, 723 Pandora Avenue, 716 Johnson Street, and 532 Fisgard Street.
We pride ourselves on local consumer knowledge and our recognized ability to identify and secure the best national, regional and independent retailers. Form Real Estate Advisors works with property owners to lease current and upcoming vacancies, as well as re-leasing properties requiring rejuvenation.