Value-Add Retail Strip

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) has been exclusively retained to offer for sale a 100% freehold interest in 630 – 642 – 16 Avenue NW, Calgary, AB (the “Property”).  The Property represents a rare opportunity to acquire a value-add retail strip within the inner-city community of Mount Pleasant along the primary urban corridor of 16 Avenue NW.

Currently improved with a 10,048 square foot retail strip, the existing improvements can be readily repositioned as a value-add retail play. There is also long-term development potential.

• Unique opportunity to add value and benefit from upside through repositioning of the asset
• Strategic location in a rapidly intensifying urban corridor
• Buildable Density: Site size of 18,003 SF; Allowable FAR of 4.5 and a buildable square footage of 81,014 SF
• Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and Alberta University of the Arts
• Exposure to an average daily vehicle traffic count of 48,
• Future LRT: Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW