This is a nice piece of property - I hope to see it remain as some type of industrial land; perhaps mixed use with residential above. The main building is a major reason Clement hasn't been 4 laned from St. Paul to Graham.
Quote:
The former BC Fruit Packers plant on Clement Avenue has been sold.
The property has been purchased by a developer in Vancouver.
The deal was announced late Thursday night. The sale is expected to officially close early in the new year.
Jeff Hudson, a principal/co-founder of HM Commercial Group, said he doesn't expect any snags with the sale.
A purchase price has not been disclosed, but the property was assessed at about $6.9 million.
The asking price was $7.3 million.
The property was put on the market in January.
"The interest level was unprecedented. I think we had nine offers total on the property over about nine months," said Hudson.
"People were envisioning really high-end industrial. We had people talking about doing mixed use and residential. Everybody had a different vision of what they wanted to do."
HM Commercial Group is licensed with Macdonald Realty Kelowna.
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