Overview
Willowbrook Park Shopping Centre consists of 193,785 SF of retail improvements on 20.15 acres. It occupies land in both the Township of Langley and the City of Langley, two of the fastest growing municipalities in the Metro Vancouver region. In addition, the Surrey-Langley Skytrain project, extending the Expo Line 16 kilometers from Surrey along Fraser Highway to 203 Street in Langley, is underway and projected to be completed by late 2028. This extension includes two stations nearby Willowbrook Park; Willowbrook Station, located at the northeast corner of 196 Street and Fraser Highway, and Langley City Centre Station, situated at the northeast corner of 203 Street and Fraser Highway.
Highlights
- Prime Acquisition – One of the Fraser Valley’s most dominant grocery-anchored shopping centres
- Coveted Tenant Mix – Anchored by a Safeway Grocery Store with a diverse mix of AAA tenants including box retailers, boutiques, service businesses, financial institutions, eateries, and restaurants
- Optimal Design – Easy access, ample parking, excellent street exposure, extensive frontage and ideal unit configuration that suit a wide variety of retail uses
- Strategic Location – High exposure property at the forefront of the Willowbrook Commercial District, one of the most active commercial areas in Metro Vancouver
- Potential Income Growth – The shopping centre is fully leased with average rents below market
- Secure Income – Over 90% of the shopping centre is leased by national retailers
- Growing in Numbers – Willoughby-Willowbrook is the largest neighbourhood by population in Langley and currently experiencing rapid residential growth
- Future Upside – With the soon to be built SkyTrain extension into Langley and the planned Willowbrook Station, local governments are currently planning land use changes that could have a significant upward impact on future land values in the area
Details
- Property Type Grocery: Anchored Community Shopping Centre
- Rentable Area: 193,785 SF
- Site Size:
- 367,385 SF (8.43 Acres) (Township)
- 510,305 SF (11.72 Acres) (City)
- 877,690 SF (20.15 Acres) TOTAL
- Major Tenancies: Safeway, Scotiabank, BMO, RBC, MEC, ICBC, Dairy Queen, 123 Dentist, A&W, Coast Capital and others
- Occupancy: Fully Leased
- Parking: 1078 parking stalls (5.57 stalls per 1000 SF of rentable area)
Inquiry Form
Willowbrook Park