Skip to main content

Shopping Neighborhood

Crossings

16 Aquitania Blvd West, Lethbridge, AB T1J 4A3

Listing Price: Request For Offer

Gross SF
98,923
Rentable SF
98,923
Lot Size
10.24 acres
Year Built
2016

Investment Overview

Marcus & Millichap REIS Canada Inc. has been engaged on an exclusive basis by the vendor to arrange for the sale of the majority interest in Crossings, a 57.27 acre development in Lethbridge, AB (the “Offering”). The Offering is situated in the heart of West Lethbridge, which benefits from strong fundamentals underpinned by attractive population growth and a youthful and affluent suburban demographic. Paired with high disposable income, new civic infrastructure and amenities, this node is positioned for long-term appreciation. Upon completion, Crossings will be the primary, all-encompassing master-planned community for people to live, work, and shop within West Lethbridge. The Offering is comprised of an existing grocery-anchored retail plaza with adjacent development lands. The asset represents the opportunity to acquire a significant position within the rapidly growing community of West Lethbridge with an additional obligation to purchase 37.29 acres of raw land owned by the City of Lethbridge.

Investment Highlights

  • Coveted groceryanchored centre with value-add development land
  • Opportunity to partner with Royop, a leading Alberta based development company
  • Quality construction and near brand new condition
  • Surrounded by 381,000 SF of brand-new civic / recreational facilities, two new high schools, and a public library
  • Attractive below market, in place debt with significant term
  • Flexible zoning and land use on undeveloped lands
  • Average household income: >$160,000; ample disposable income for retail and discretionary use
  • Anchored by highly desired food, drug, financial, and liquor combination in a growing and affluent residential community

Exclusively Listed By

Shopping Neighborhood

Crossings

Listing Price: Request For Offer

Gross SF
98,923
Rentable SF
98,923
Lot Size
10.24 acres
Year Built
2016

Investment Highlights

  • Coveted groceryanchored centre with value-add development land
  • Opportunity to partner with Royop, a leading Alberta based development company
  • Quality construction and near brand new condition
  • Surrounded by 381,000 SF of brand-new civic / recreational facilities, two new high schools, and a public library
  • Attractive below market, in place debt with significant term
  • Flexible zoning and land use on undeveloped lands
  • Average household income: >$160,000; ample disposable income for retail and discretionary use
  • Anchored by highly desired food, drug, financial, and liquor combination in a growing and affluent residential community

Investment Overview

Marcus & Millichap REIS Canada Inc. has been engaged on an exclusive basis by the vendor to arrange for the sale of the majority interest in Crossings, a 57.27 acre development in Lethbridge, AB (the “Offering”). The Offering is situated in the heart of West Lethbridge, which benefits from strong fundamentals underpinned by attractive population growth and a youthful and affluent suburban demographic. Paired with high disposable income, new civic infrastructure and amenities, this node is positioned for long-term appreciation. Upon completion, Crossings will be the primary, all-encompassing master-planned community for people to live, work, and shop within West Lethbridge. The Offering is comprised of an existing grocery-anchored retail plaza with adjacent development lands. The asset represents the opportunity to acquire a significant position within the rapidly growing community of West Lethbridge with an additional obligation to purchase 37.29 acres of raw land owned by the City of Lethbridge.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower