Global New Developments
Juwai Commercial
Juwai LUXE
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Cushman & Wakefield is pleased to present the opportunity to acquire 100% interest in 7855 Kingsway, a highly desirable fully leased new retail development located along a prominent portion of Kingsway in Burnaby. 7855 Kingsway consists of 6,254 sf of leasable area, which is comprised of four CRUs that are leased to 3 National Tenants with very strong convenants (A&W, Popeyes Louisiana Kitchen and Pizza Pizza), and one local Dentist tenant. The development was completed in 2021 with modern design and architecture in mind. It is a steel building. All leases including renewals are no longer than Twenty (20) years, positioning this site for potential future higher density redevelopment.
The Property is located along Kingsway, strategically located just one block from Southgate City, Ledingham McAllister’s 60-acre residential development. Southgate City will comprise of 8,000 residences that will be developed over the next 15 years. Additional nearby hubs include Highgate Village and King’s Crossing.
In addition to mixed-use developments, the BC Ministry of Education’s largest project in its history, the New Westminster Secondary School replacement project, is located only 3 blocks from the Subject Property. Additionally, located directly across the street, is St. Thomas Moore Collegiate Private Secondary School. There are approximately 3,700 secondary school students within close proximity of the Property.
Contact Adam Frizzell, Vice President, Commercial Sales and Leasing >>> +1 (604) 640 5840 | adam.frizzell@cushwake.com
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