commercial real estate awards of excellence 2012

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PRESENTED BY: SPONSORED BY AWARDS OF EXCELLENCE COMMERCIAL REAL ESTATE Commercial Real Estate Community builds on Excellence N AIOP Vancouver is extremely pleased to partner with Business in Vancouver to host the Commercial Real Estate Awards of Excellence Gala on May 30, 2012 at the Four Seasons Hotel. The event will recognize excellence in Commercial Real Estate within the Metro Vancouver area for the 2010 and 2011 calendar years. The awards recognize the full range of disciplines involved in creating successful real estate solutions, while highlighting the leadership role played by property owners, developers and professional advisors. We were delighted with the number and quality of submissions we received. The submissions were judged on a range of criteria, depending on the submission category. Ernie Hee, Partner at Boughton Law, and NAIOP Vancouver board member, is our Awards Gala chair, and has worked diligently with Business in Vancouver and NAIOP Vancouver staff to organize this event. Jill Krop of Global TV will be the Gala Master of Ceremonies. Our panel of judges included several well-known and highly respected NAIOP Vancouver members, each of whom possess diverse backgrounds in Metro Vancouver and North American markets. The panel includes: Bill Tucker , Chair, Judging Panel Omicron Canada Inc. Chief Executive Officer Chuck We Oxford Properties Director of Leasing Jennifer Podmore Russell Deloitte Director, Deloitte Real Estate Steve Krilanovich Lotus Pacific Investments Executive Vice-President We have seven awards categories: Mixed Use: three finalists; judging criteria included quality, functionality, leasing, sustainability, innovation, scale and financial performance of the project. Industrial Lease: five finalists; judging criteria included complexity, innovation, market impact, and creativity of the transaction to meet the objectives of landlord and/or tenant. Industrial Development: three finalists; judging criteria included quality, functionality, leasing, sustainability, innovation, and financial performance of the project. Office Lease: five finalists; judging criteria included complexity, innovation, market impact and creativity of the transaction to meet the objectives of the landlord and tenant. Office Development: five finalists; judging criteria included quality, functionality, leasing, sustainability, innovation and financial performance of the project. Investment Transaction: five finalists; judging criteria included complexity of the project, market impact, innovation and creativity of the transaction to meet the objectives of all parties involved. Developing Leader: three finalists; judging criteria included a leader under 35 years of age who during the calendar years 2010/2011 showed exemplary leadership in the commercial real estate industry and who contributed to the industry in a significant way. I would like to acknowledge the vital role which NAIOP members and the commercial real estate industry play in our economy. A recent study conducted by the University of British Columbia Sauder School of Business, Centre for Urban Economics and Real Estate, indicate that NAIOP members generate more than $9.6 billion in economic activity and more than $4.5 billion in GDP to the local economy, including the contribution of Port Metro Vancouver. In addition, NAIOP members were responsible for the creation of over 200,000 direct, indirect and induced jobs in the Lower Mainland. The estimated value of annual new construction from office, retail, industrial, and residential and mixed use in Metro Vancouver is over $877.9 million, and John Conicella, President, NAIOP Vancouver board of directors, 2012-2013 THE 2012 COMMERCIAL REAL ESTATE AWARDS OF EXCELLENCE — A SUPPLEMENT TO BUSINESS IN VANCOUVER property tax payments by NAIOP members in both the City of Vancouver and the Lower Mainland exceed $310 million, or roughly 42% of all non-residential property tax revenues in the Lower Mainland. In short, NAIOP members make a significant contribution to our economy and I am delighted to see the best of the best being honoured at the Awards Gala this month. I congratulate all the finalists and look forward to an exceptional evening at the Four Seasons Hotel on May 30. Individual tickets, corporate tables and regular tables are available at www.biv.com NAIOP members make a significant contribution to our economy and I am delighted to see the best of the best being honoured at the Awards Gala this month

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NAIOP Vancouver is extremely pleased to partner with Business in Vancouver to host the Commercial Real Estate Awards of Excellence

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Page 1: Commercial Real Estate Awards of Excellence 2012

Presented by: sPonsored by

AwArds of ExcEllEncECommerCial real estate

Commercial Real Estate Community builds on Excellence

NAIOP Vancouver is extremely pleased to

partner with Business in Vancouver to host the Commercial Real Estate Awards of Excellence Gala on May 30, 2012 at the Four Seasons Hotel. The event will recognize excellence in Commercial Real Estate within the Metro Vancouver area for the 2010 and 2011 calendar years. The awards recognize the full range of disciplines involved in creating successful real estate solutions, while highlighting the leadership role played by property owners, developers and professional advisors.

We were delighted with the number and quality of submissions we received. The submissions were judged on a range of criteria, depending on the submission category.

Ernie Hee, Partner at

Boughton Law, and NAIOP Vancouver board member, is our Awards Gala chair, and has worked diligently with Business in Vancouver and NAIOP Vancouver staff to organize this event. Jill Krop of Global TV will be the Gala Master of Ceremonies. Our panel of judges included several well-known and highly respected NAIOP Vancouver members, each of whom possess diverse backgrounds in Metro Vancouver and North American markets. The panel includes:

Bill Tucker, Chair, Judging Panel Omicron Canada Inc. Chief Executive Officer

Chuck We Oxford Properties Director of Leasing

Jennifer Podmore Russell Deloitte Director, Deloitte Real Estate

Steve Krilanovich Lotus Pacific Investments Executive Vice-President

We have seven awards categories:

Mixed Use: three finalists; judging criteria included quality, functionality, leasing, sustainability, innovation, scale and financial performance of the project.

Industrial Lease: five finalists; judging criteria included complexity, innovation, market impact, and creativity of the transaction to meet the objectives of landlord and/or tenant.

Industrial Development: three finalists; judging criteria included quality, functionality, leasing, sustainability, innovation, and financial performance of the project.

Office Lease: five finalists; judging criteria included complexity, innovation, market impact and creativity of the transaction to meet the objectives of the landlord and tenant.

Office Development: five finalists; judging criteria included quality, functionality, leasing, sustainability, innovation and financial performance of the project.

Investment Transaction: five finalists; judging criteria included complexity of the project, market impact, innovation and creativity of the transaction to meet the objectives of all parties involved.

Developing Leader: three finalists; judging criteria included a leader under 35 years of age who during the calendar years 2010/2011 showed exemplary leadership in the commercial real estate industry and who contributed to the industry in a significant way.

I would like to acknowledge the vital role which NAIOP members and the commercial real estate industry play in our economy. A recent study conducted by the University of British Columbia Sauder School of Business, Centre for Urban Economics and Real Estate, indicate that NAIOP members generate more than $9.6 billion in economic activity and more than $4.5 billion in GDP to the local economy, including the contribution of Port Metro Vancouver. In addition, NAIOP members were responsible for the creation of over 200,000 direct, indirect and induced jobs in the Lower Mainland. The estimated value of annual new construction from office, retail, industrial, and residential and mixed use in Metro Vancouver is over $877.9 million, and

John Conicella, President, NAIOP Vancouver board of directors, 2012-2013

The 2012 CommerCial real esTaTe awards of exCellenCe — a supplemenT To Business in VanCouVer

property tax payments by NAIOP members in both the City of Vancouver and the Lower Mainland exceed $310 million, or roughly 42% of all non-residential property tax revenues in the Lower Mainland.

In short, NAIOP members make a significant contribution to our economy and I am delighted to see the best of the best being honoured at the Awards Gala this month.

I congratulate all the finalists and look forward to an exceptional evening at the Four Seasons Hotel on May 30. Individual tickets, corporate tables and regular tables are available at www.biv.com

NAIOP members make a

significant contribution

to our economy and I am

delighted to see the best of

the best being honoured at

the Awards Gala this month

Page 2: Commercial Real Estate Awards of Excellence 2012

B2 BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

Developing Leader Finalists

Jarvis RouillardTonko Realty

Jarvis is responsible for the planning, leasing and asset management of Tonko's BC industrial portfolio in addition to the management of acquisitions, dispositions and development in all property categories. Jarvis joined Tonko Realty Advisors in Calgary in 2004 as part of the acquisitions

team. He relocated to Vancouver in 2006 to continue with acquisitions while managing the development and lease-up of numerous projects.

Derek JonesConcert Properties Ltd.

An integral part of the Concert team, Derek is an energetic individual with an exemplary work ethic. From executive r ole s w it h N A IOP t o community involvement w it h neig hbou rhood h o u s e s a n d c a m p s , his leadership extends beyond t he i ndust r y. Wel l-l i ked by a l l , h is character and enthusiasm are worthy of emulation and celebration.

Jordan MacDonaldFrontline Real Estate Services Ltd.

Jordan started a company w i t h j u s t 2 p e o p l e and has grown it to 11 p e o p l e o p e r a t i n g i n the Fraser Valley. FLRE now has an Investment, Industrial, Office, Retail and Project Sale division and has mastered t he use of social media and cutting edge technology to consistently grow his company into a player in the Fraser Valley.

Better building. For work and play.

3030 Gilmore Diversion | Burnaby, BC | V5G 3B4 t: 604 435 3321 | f: 604 432 7349 | www.beediegroup.ca

Welcome to the all-new Business in VancouverMore options to stay informed: • Weekly print edition• Online through BIV.com• Daily email news

• Bi-weekly event emails• Twitter • Facebook

• LinkedIn • Subscribers get unlimited

access to biv.com!

Page 3: Commercial Real Estate Awards of Excellence 2012

B3BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

Mixed Use Development Finalists

New Haven Business Park/McGregorProperty Owner: Amacon

Team Members: Bruce Hynds, Joe Inkster, Jason Kiselbach CBRE

Affiliated Firms: CBRE Limited, Amacon

Re-development of a 52 acre pa rcel of for merly institutionalized land into a mixed-use development that includes parkland, riparian areas and a residential component consisting of 96 townhomes. Commercial component includes 500,000 sq ft of industrial space where phase I (160,000) has been developed and fully leased. The residential site is 100% sold out and the rest of the site is now under full development.

Morgan CrossingProperty Owner: Larco Investments Ltd.

Affiliated Firms: Musson Cattell Mackey Parnership, F&A Architects, Creekside Architects Ltd., Weiler Smith Bowers, Cobalt Engineering, Falcon Engineering, DMG Landscape Architects, Horizon Engineering Inc., BKL Consultants Ltd., John W Gunn Consultants Inc., Bunt & Associates Eng. Ltd., CFT Engineering Inc., Aplin & Martin Consultants Ltd., Altus Helyar, BC Bldg Science & Engineering, Pottinger Gaherty Environmental Consultants Ltd., J. Findlay & Associates, Bird Construction, Peak Construction, Norson Construction

Morgan Crossing is a mixed-use and retail township centre located in Surrey, BC with 444 residential units and approximately 64 retail stores for an estimated total retail space of 430,000 sq ft. Amenities and environmental developments such as landscaping, way-finding graphics, lighting and water features connect the shoppers and residents.

Building Two, The Brewery DistrictProperty Owner: Wesgroup Properties

Team Members: Peeter Wesik, Gino Nonni, John Conicella, Raymond Choy, Paul Woodward, David Waldref, Bruno Thielmann, Mike Bishop, Rachel McGladery, Paula Wright, Lou Smith, Alex Alexandrov, Adam Donnelly, Wesgroup Properties

Affiliated Firms: Wesgroup Properties, Henriquez Partner Architects

A 9-acre, master planned sustainable, transit-oriented, mixed-use community located in New Westminster directly across from Royal Columbian Hospital. Building Two provides a significant portion of the retail anchored amenity phase of the Brewery District community. The 113,000 sq ft, 5-story building includes retail offerings by: Thrifty Foods, TD Canada Trust, Take Five Cafe in addition to a host of health-related businesses located in the strata offices of the mixed-use building which follows LEED design principles and is part of BC Hydro Sustainable Communities program.

Shelter Island Commerce Centre, developed by Farrell Estates Ltd is proud to be a finalist for this years

NAIOP/BIV Commercial Real Estate Awards of Excellence in the Industrial Development category.

Now Pre Leasing Phase IIIEast Richmond

For leasing inquiries, please contactFARRELL ESTATES LTD.Stephanie Setchell604.273.7505 | [email protected]

Stephanie Setchell is licensed with Fraser River Realty Ltd. and has a contractual relationship with Farrell Estates Ltd. www.collierscanada.com

Leading businesses around the globe have come to rely on Colliers International to advance their interests in real estate. With a greater sense of drive, coupled with teams of specialists around the world, we’ll help you move swiftly along the right track— to accelerate your success.

Accelerating success.

FASTERFORWARD

Page 4: Commercial Real Estate Awards of Excellence 2012

B4 BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

Industrial Lease Finalists

Hopewell Distribution Centre - Phase III (Acklands - Grainger)Property Owner: Hopewell

Team Members: Sean Ungemach Cushman & Wakefield

Affiliated Firms: Cushman & Wakefield

Acklands-Grainger Inc. was a 123,680 sq ft lease transaction. The deal was accepted in March 2011 a nd went f i r m i n Ju l y 2011. The space was required as a n ex pa nsion of AGI’s BC DC prem i ses at Hope wel l’s Distribution Centre Phase II (16131 Blu ndel l) where AGI occupied 178,787 sq f t . T he original DC premises (Phase II) was also done by Sean Ungemach and accepted in June 2009.

South Fraser Distribution CentreProperty Owner: Hopcott Centre Inc. by its agent Morguard Investments Ltd.

Team Members: Stuart Morrison and Darren Cannon, Colliers International

Affiliated Firms: Colliers International, Morguard Investments

Lease of 366,000 sq f t in two s e p a r a t e t r a n s a c t i o n s a t Morguard's rebranded south Fraser distribution centre.

109 Braid Street - Best Buy CanadaProperty Owner: bcIMC (British Columbia Investment Management Corporation)

Team Members: Jeff Rank, Bentall Kennedy, Robert Stokes and Sean Ungemach Cushman & Wakefield

Affiliated Firms: Bentall Kennedy, Cushman & Wakefield, Strategic Real Estate

With approximately 300,000 sq ft vacated in late 2010, Bentall K e n n e d y a n d C u s h m a n & Wa kef ield sought occupants for t his proper t y. Adding to the complexity was the site's development potential which looked for term f lexibility in housi ng new tena nts. Tea m creativity matched with tenant needs in concluding a 200,000 sq ft transaction with Best Buy.

Atlas Roofing Corporation of Canada Lease StrategyProperty Owner: Grosvenor Canada Ltd.

Team Members: Gurch Ollek and Julie Cook CBRE

Affiliated Firms: CBRE Limited, Atlas Roofing, Grosvenor Americas, Bosa Development Corporation, Euro-Asia Transload, SDM Realty Advisors

CBRE represented Atlas Roofing on t he acqu isit ion of a new facility in Metro Vancovuer. The tenant, which had specialized r a i l s er v ic e r e q u i r ement s , managed to complete an off-market deal at 927 Derwent Way which was being purchased by Grosvenor and was occupied by Euro-Asia Transload at the time. After complex lease and sale arrangements, the deal became one of the largest (152,000 sq ft) manufacturing leases in 2011.

Build-to-suit for Kruger Products LP, 345 Gifford St. New Westminster, BC

Property Owner: Beedie Queensborough Lands Ltd./Beedie Development Group

Team Members: Todd Yuen and Ryan Beedie, Beedie Development Group. Robert Stokes, Cushman & Wakefield

Affiliated Firms: Beedie Development Group,Cushman & Wakefield, Beedie Construction, Dforce Design

A f t e r s e v e r a l y e a r s o f negotiations, Kruger Products sig ned t he lea se for Beed ie to const r uct a 503,250 sq f t distribution facility on 23.3 acres. This facility will consolidate their distribution to a single building. From what we understand, this is the largest single level industrial bu i ld i ng to be bu i lt i n one phase in the Vancouver market. Formerly this site was home to Western Forest Products.

19th Floor, 885 West Georgia Street Vancouver, British Columbia V6C 3H4 Canada Telephone 604-891-3688 Fax 604-891-3788 www.kkbl.com

Patrick J. Julian Direct Line: 604-891-3605 Email: [email protected]

Erin K. Tait Direct Line: 604-891-3618 Email: [email protected]

Michael M. Kalef Direct Line: 604-891-3700 Email: [email protected]

Stanley Wong Direct Line: 604-891-3628 Email: [email protected]

Mark E. Wong Direct Line: 604-891-3607 Email: [email protected]

Shawn A. Poisson Direct Line: 604-891-3610

Leslie A. Tucker Direct Line: 604-891-3611Email: [email protected]

Daniel S. Remick Direct Line: 604-891-3646

Email: [email protected] Email: [email protected]

Our Commercial Real Estate practice group represents clients in a variety of complex real estate transactions and development matters including: the purchase and sale of shopping centres, office buildings and industrial parks; strata property development matters, including the preparation and filing of Disclosure Statements under the Real Estate Development Marketing Act; land assemblies, subdivision matters, including providing advice regarding

environmental and municipal require-ments; bare land strata developments, strata hotel and recreational develop-ments, and leasing transactions (industrial, office, retail, and First Nations). We also advise our real estate clients in connection with construction, takeout and inventory financings, and the structuring of joint ventures, co-ownership arrangements and real estate syndications of all types, including limited partnerships.

�e Commercial Real Estate Group of Koffman Kalef LLP are:

Page 5: Commercial Real Estate Awards of Excellence 2012

B5BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

Investment Transaction Finalists

Lululemon Athletica Head Office AcquisitionProperty Owner: Lululemon Athletica

Team Members: Blair Quinn, Kevin Nelson, Jean-Phillipe Picard CBRE

Affiliated Firms: CBRE Limited, Bentall Kennedy, Lululemon Athletica

CBRE arranged the $65 Million purchase of Lululemon Athletica's new global headquarters at 1818 Cornwall Avenue in Vancouver. The 138,600 sq ft building was managed by Bentall Kennedy on behalf of bcIMC. The acquisition enables Lululemon Athletica to create a green, global business head office in Kitsilano, where t he compa ny w a s fou nded. T h e s a l e r e p r e s e n t e d t h e largest office sale in 2011 and the deal structure included a lease strateg y by Lululemon for expansion throughout the asset.

Sun Tower (100 West Pender St., Vancouver)Property Owner: Allied Properties REIT

Team Members: Mark Trepp Cushman Wakefield, Wayne Jacobs & Emily Hanna Allied Properties

Affiliated Firms: Cushman & Wakefield, Allied Properties REIT

A $41,888,000 sale of downtown Vancouver's premier heritage building to Allied Properties REIT

Aberdeen SquareProperty Owner: Aberdeen Project 13 Ltd. (Fairchild Dev Ltd)

Team Members: Cecilia Tse, Simon Lim, Tanya Neuffer, Jacqueline Sayaphet Colliers International

Affiliated Firms: Colliers International, Grosvenor Canada Limited

A 6-level, 160K sq ft retail & office strata commercial development directly linked to the Canada L ine a nd ex ist ing Aberdeen Centre. First commercial strata development in over 10 yrs. 75% sold out in the f irst weekend (100% of the off ice) and over 95% sold out by the 2nd weekend. Sales prices reached well above market value.

The Village at Thunderbird Centre acquisitionProperty Owner: Sunlife Assurance Company of Canada

Team Members: Jim Szabo, Tony Quattrin CBRE

Affiliated Firms: CBRE, Buyer: SunLife Financial Vendor: Thunderbird Entertainment Ltd

CBRE completed the $148,000,000 sale in October 2011. This 317,443 sq ft mixed use development is comprised of several commercial and residential buildings. This was one of the top five largest investment transactions in 2011 and a complex deal to close due to t he ow nership st r ucture. Overall, this was a key deal for Sunlife's real estate portfolio last year.

927 Derwent Way, Delta, 1020 Derwent Way, DeltaProperty Owner: Rimrock Investment Corp/Grosvenor Canada Ltd.

Team Members: Stuart Morrison, Darren Cannon Colliers International

Affiliated Firms: Colliers International, Grosvenor Canada Limited

Asset trade of a single tenant, 251,000 sq ft distribution centre and a multi-tenant, 277,000 sq ft distribution centre.

Environmental Site Assessments

Contamination Management

Environmental Planning

Construction Monitoring

SERVICES INCLUDE

Contact us: 604.682.3707 [email protected]

When it comes to solving your issues,we do all the heavy lifting. Our smart and practical approachworks to reduce risk, cost and aggravation.

environmental

Page 6: Commercial Real Estate Awards of Excellence 2012

B6 BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

Industrial Development Finalists

CorixProperty Owner: Wesgroup Properties

Team Members: Peeter Wesik, Gino Nonni, John Conicella, Raymond Choy, Paul Woodward, Bruno Thielmann, Lou Smith, Alex Alexandrov, Adam Donnelly Wesgroup Properties

Affiliated Firms: Wesgroup Properties, Taylor Kurtz Architect

C on s ol id at i ng t he C or i x Gr oup of companies into one centralized location, Wesgroup designed and constructed the multi-faceted facility, with the ability for future expansion. Integrating a closed-loop geo-exchange, repurposing water run-off, and other features, this hybrid facility consolidates office and work areas, warehousing, workshops, testing facilities, manufacturing, storage and shipping within the new purpose-built centre. The new facility is located within the Gateway 200 business park, with premier logistics and transportation access at Highway One and 200th Street.

Shelter Island Commerce Centre, Marina SideProperty Owner: Farrell Estates Ltd.

Team Members: Stephanie Setchell, Farrell Estates Ltd.

Affiliated Firms: Farrell Estates Ltd., Sanford Design Group, ICC.

100,000 sq ft building built in 2010 on spec in an extremely tough leasing market. The building was 100% leased at completion. The building has high ceiling heights allowing for high racking capabilities, esq ftr sprinklers, automatic lighting controls, insulated walls, parking beyond the bylaw requirements and generous amounts of glazing with views of the Fraser river.

Office Lease Finalists

Containers on Terminal Columbia College, 428 Terminal Ave., VancouverProperty Owner: Rize Alliance (Terminal) Project Inc. - Rize

Team Members: William Lin Rize Alliance, Dr. Trevor Toone Columbia College, Colin Scarlett Colliers International, Ray Ahrens Jones Lang LaSalle

Affiliated Firms: Rize Alliance Properties Ltd, Columbia College, Colliers International, Jones Lang LaSalle, McCarthy Tetrault, Koffman Kalef

This was the first tenant to lease a new building in Vancouver in years and will be a cata lyst to transform t he Fa lse Creek Flats. The deal was for Columbia to purchase a minority interest in the development and lease back the entire building of 73, 791 sq ft. The deal took 9 months, required countless meetings with endless stakeholders and consultants.

Move.com Consolidation StrategyProperty Owner: Sunlife Assurance Company of Canada

Team Members: Blair Quinn and Kevin Nelson CBRE, Jeff Lim and Tim Evans Bentall Kennedy

Affiliated Firms: CBRE Limited, Bentall Kennedy, SunLife Financial, Move.com

A ssist i ng Move.com to consol idate locations and upgrade their facility, CBRE identified a swap space opportunity with another Airport Executive Park tenant looking to downsize. The transaction, (approximately 100,000 sq ft), involved bot h a phased move and sequentia l fixturing timeline, as the two tenants completed their respective moves over a total of 6 months. This solution allowed Sun Life Assurance Company of Canada to avoid a considerable vacancy increase as both tenants were retained.

Shoreline Business CentreProperty Owner: Beedie Group

Team Members: Bruce Hynds, Ed Ferreira, Jason Kiselbach CBRE

Affiliated Firms: CBRE Limited, Beedie Development Group, Beedie Construction, Dforce Design

520 East Kent Avenue was originally a Western Forest Products site that was purchased by Translink for institutional use. In 2007, the Beedie Group purchased the 16.36 Acre site to construct a 240,000 sq ft large bay industrial strata project. The project's first phase has been sold out with several parcels of the project being sold to Angel Foods and Adera Group for custom BTS developments.

Office Development Finalists

Broadway Tech Centre Bldg. #4Property Owner: bcIMC (British Columbia Investment Management Corporation)

Team Members: John Cordonier, Tony Astles and Jeff Rank, Bentall Kennedy

Affiliated Firms: Bentall Kennedy (Canada) LP, B+H Bunting Coady, Tidball Projects

As a continuation and latest phase of the construction of Broadway Tech Centre, HSBC Bank Canada agreed to terms on leasing their consolidated Vancouver headquarters this 175,000 sq ft building. The project was substantially completed in Dec 2011.

1132 HamiltonProperty Owner: Triple F Investment Corp.

Team Members: Matt Walker Avison Young

Affiliated Firms: Avison Young, Gower Yeoung & Associates (Architect)

The building was completely renovated and seismically upgraded and features new HVAC, electrical, security, and fire & life safety systems. Three f loors were added to the existing 3 storey, 27,000 sq ft building, originally built in 1914, providing a total of 50,000 sq ft of available office and retail premises upon completion. The building renovation maintained the heritage structure while upgrading all mechanical systems. In so doing, the environmental impact of construction was lessened by the reuse of the existing structure and addition of f loors while taking advantage of excess density.

669 HoweProperty Owner: Georgia Properties Partnership (Delta Land Dev)

Team Members: Matt Walker, Bob Levine, Brian Pearson, Michael Keenan Avison Young

Affiliated Firms: Avison Young, IBI/HB Architects.

L oc ated on t he lower f loor s of t he 48-storey Private Residences at Hotel Georgia tower, the Offices at Hotel Georgia is adjacent to Rosewood Hotel Georgia, a 1927 heritage landmark that was recently the subject of a comprehensive renovation and refurbishment program. Offices cover the 2nd, 3rd and 5th – 11th f loors of the Private Residences at Hotel Georgia tower, with a rentable area of approximately 71,500 sq ft and feature state-of-the-art mechanical and electrical systems including geothermal heating. The sale of the airspace parcel at The Offices at Hotel Georgia represented the largest sale of its kind in downtown Vancouver.

Page 7: Commercial Real Estate Awards of Excellence 2012

B7BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

Office Lease Finalists

Find Opportunities in Commercial Real Estate

or online at www.westerninvestor.com

Call 604-669-8500

IndustrIal • CommerCIal • Investment • BusInesses For sale

Chandler Associates Architecture Inc.

Form.Function.Future.

The Station270 - 601 W. Cordova St.Vancouver BC V6B 1G1Tel 604-687-3390Fax [email protected]

745 Thurlow - McCarthy Tetrault

Property Owner: bcIMC (British Columbia Investment Management Corporation)

Team Members: Tony Astles and Jeff Rank, Bentall Kennedy, Colin Scarlet, Colliers International, Mark Thompson and Mark Whitehead MCM

Affiliated Firms: Bentall Kennedy (Canada) LP, Musson, Cattell Mackey, Partnership, Colliers International

Announcement of this transaction is the culmination of the predevelopment work and triggered commencement of construction of the downtown core's next office project. Built to LEED Gold certification level, this 400,000 sq ft project will be home to McCarthy Tetrault's Vancouver offices, occupying the top four floors.

455 Granville Street & 717 West Pender Street

Property Owner: Pender-Granville Properties Ltd.

Team Members: Norm Taylor Jones Lang LaSalle, Dan Jordan Colliers International, Rob DesBrisay RGD Commercial Realty Advisors Inc, Mark Trepp and Hayden Elliot Cushman Wakefield, Stanley Dee and Bill MacEwen Deecorp, Kalen Morton Artis REIT

Affiliated Firms: Jones Lang LaSalle, Colliers International, Cushman Wakefield, RGD Commercial, Deecorp, Artis REIT

A 20,500 sq ft office deal that involved multiple parties and transactions which included: 5 tenants, 7 brokers, 5 brokerages and 3 landlords. This transaction included a surrender of existing premises which was then backfilled, a relocation and 2 terminations in order to negotiate a new lease with Elastic Path Software.

TransLink and Transit Police Head quarters, The Brewery District

Property Owner: Wesgroup Properties

Team Members: Peeter Wesik, Gino Nonni, John Conicella, Raymond Choy, Paul Woodward, Mike Bishop, Bruno Thielmann, David Waldref, Lou Smith, Tim Vissher Wesgroup Properties

Affiliated Firms: Wesgroup Properties, Avison Young, Henriquez Partner Architects

As part of a competitive RFP process, Wesgroup was the successq ftul proponent for the new headquarters bringing Tran slink and Transit Police together in a new, purpose-built premises. TransLink and the Transit Police will occupy just under 200,000 sq ft of the new building, for a 20-year lease term. The new HQ offers 94% efficient floor plates maximizing usable space and maximum efficiency, resulting in approximately $500,000 in annual operating savings, within an attractive geographically centralized location.

Page 8: Commercial Real Estate Awards of Excellence 2012

B8 BUSINESSVANCOUVERSupplement — may 22–28, 2012

the 2012 CommerCial real eState awardS of exCellenCe

The NAIOP Vancouver and Business in Vancouver Commercial Real Estate Awards of Excellence recognize quality and

performance, innovation and creativity, teamwork and collaboration, as well as community and environmental awareness. This is

a great opportunity to promote your work to Vancouver’s business community and the commercial real estate industry.

Commercial Real Estate Awards of ExcellenceTickets are on sale now!

PresenTed by: sPonsored by

May 30, 2012VIP reception: 5:30 pm General reception: 6:15 pm Awards dinner: 7:00 pm - 9:00 pm Location: The Four seasons Hotel - 791 West Georgia street

Tickets: Individual tickets: $125 bIV subscribers/ nAIoP Members (reg. $149)

regular table of 10: $1250 bIV subscribers/ nAIoP Members (reg. $1490)

Corporate branded table of 10: $2250 (includes logo recognition and priority seating)

Go to www.biv.com/realestateawards to register

Jill started her career, like a lot of fellow B.C. broadcasters, at CKPG in Prince George. Then it was onto Regina, to be the first an-chor at the brand new STV.

She then spent just over a year in Saskatch-ewan before heading east - to the Maritimes. Jill spent the next six years at ASN (the At-

lantic Satellite Network) in Halifax hosting everything from ma-jor newscasts to the incredibly popular morning show, Breakfast Television.

Over the years, Jill has had some amazing experiences in a num-ber of cities, and is glad to have worked right across this Canada. She delighted in returning to B.C. and is proud to be working at a topnotch newsroom here at Global BC.

Master of Ceremonies Jill Krop

“I couldn’t ask for a better job or a better bunch of people to work with,” says Jill Krop.

Building business in Vancouver Business in Vancouver partners with NAIOP

The commercial real estate and development community is an integral

component of Vancouver’s business community. For more than 10 years we have worked together on projects such as the

annual Cost of Development Survey and the Real Estate Awards of Excellence. We are very pleased to be co-presenting this awards program With NAIOP.

On behalf of Business in Vancouver,

congratulations to all the finalists in this year’s awards program!

Cheryl Carter VP, Business in Vancouver Media Group