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About City Gate Shopping Centre
Sunstone (City Gate) Holdings Ltd. has exclusively engage Cushman & Wakefield Ltd. ("C&W") and Form Retail Advisors Inc. ("Form") to facilitate the sale of City Gate Shopping Centre, located in Chilliwack, British Columbia.
City Gate Centre is a 45,764 square foot plaza consisting of 3 separate buildings, all of which were constructed or extensively redeveloped in 2007. The asset offers long term in-place leases with built-in rent escalations, providing for a steady lease expiry schedule with limited downtime exposure.
- Convenience oriented open-air retail anchored by HSBC, Envision Credit Union, Liquor Depot, and Everything For A Dollar Store.
- Shadow anchored by a 50,000 square foot new large-format Canada Safeway store.
- Direct frontage along Yale Road, the primary north/south connector between the TransCanada Highway and Downtown Chilliwack, with a daily traffic count of over 32,000 vehicles.