In Langley's zero-vacancy market, Hungerford buys industrial dev. site
Mario Toneguzzi
Business reporter
Commercial Industrial Metro Vancouver 3 days ago
Hungerford Properties continues to expand its development portfolio in British Columbia with the acquisition of a 3.83-acre Langley site where it plans two multi-tenant light industrial buildings totalling about 103,000 square feet.
“The site offers a strategic location with exposure to one of Metro Vancouver’s tightest industrial markets. The current vacancy rate in GVA’s industrial market is at 0.2 per cent and (is) zero per cent in Langley, according to Colliers’ Q4 Industrial Market Report,” said Michael Hungerford, partner of the Vancouver-based real estate investment company.
The current site was home to two industrial buildings built in the 1970s with additional yard storage.
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https://renx.ca/hungerford-properties-continues-bc-growth-with-langley-site-acquisition
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