Innovative industrial space for businesses to thrive in prime Campbell Heights location

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Beedie’s Thirty8 Avenue Business Centre offers purchasers flexible unit sizes ranging from 8,407 SF to 10,536 SF, or up to 147,544 SF

Thirty8 Avenue Business Centre (“Thirty8 Avenue”) at 19155 38 Avenue and 19168 39 Avenue, Surrey, BC is Beedie’s newest industrial strata development in popular Campbell Heights North. The project built to Beedie’s latest industrial specification comprises two state-of-the-art buildings totaling 147,544 SF with eight strata units per building. Each unit comes complete with structural mezzanine space designed to accommodate either future office or storage needs. The project is currently under construction and occupancy is anticipated to be September 2020.

Campbell Heights has earned its reputation amongst industrial businesses, and thus investors and developers, as an excellent business hub due to its proximity to major transport routes including the US border and the local workforce. “A broad mix of industry sectors drive huge demand for industrial space in the area. Warehousing, distribution and logistics play a significant role, with companies like Loblaw Companies Ltd. operating a custom-built 420,000 SF distribution centre. Other businesses in the area that occupy more than 100,000 SF include Advanced Wire Products, Tulsa Winch Group and OK Tire ” – stated Chris Morrison, Executive VP with Colliers International. Thirty8 Avenue brings a huge opportunity to the tight market of Surrey, with its current vacancy rate as low as 1.2%, according to Colliers’ Metro Vancouver Industrial Market Report Q2 2019.

“We are excited to continue contributing to economic development in Surrey by creating high-quality industrial opportunities for local businesses that are growing and wanting to own their real estate.  It is our goal with Thirty8 Avenue to provide unit sizes that can accommodate many different business requirements. Our development and Service Plus Team will provide support to purchasers before and after the occupancy of their new space. ” – said Beth Berry, VP, Industrial Development, Beedie.

Strategically positioned on the corner of 38th Avenue and 192nd Street – Thirty8 Avenue provides excellent connection to Highway 1, the US Border, and Highway 99, as well as close proximity to amenities such as Tim Horton’s, A & W, One Up Café, transit and other conveniences.

Thirty8 Avenue boasts market-leading features which include standard Beedie Construction specifications, 26’ clear ceilings, ample dock and grade-level loading, high efficiency LED, 500 lb/SF floor load, ESFR sprinkler system and 10 parking stalls per unit.

For further details please contact Chris Morrison and Randy Heed.

 

Thirty8 Ave Rendering


For More Information, Please Contact:
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Randy Heed

Senior Vice President | Personal Real Estate Corporation

Surrey

Randy Heed, based out of Colliers’ Surrey, BC office, has specialized in the sale of industrial, commercial and investment property sales in the Fraser Valley for the past Thirty years. Working with Colliers his entire real estate career, Randy has been involved in numerous projects since joining Colliers in 1989. Randy brings an in-depth knowledge of inventory, market conditions, comparables, trends and financial analysis to every solution.

 

Randy has received Top 50 Canada and was the winner of Colliers International North American Award of Excellence for production years 2000 - 2008, 2013, 2015, 2016 and most recently 2017.  Randy is an Honours graduate of the British Columbia Institute of Technology’s Marketing Management and Real Estate Studies program.

 

Randy has been actively involved in the community as a Director of the Surrey Board of Trade from 1999 to 2008; as a Director of the City of Surrey’s Board of Variance, from 2002 to 2004; and as a Director of the Peace Arch Hospital and Community Health Foundation, from 2006 to 2008. In 2009, Randy was appointed to the Board of Directors for the City of Surrey’s Homelessness and Housing Society, on which Randy sits as an active director.

 

Throughout his career, Randy has worked on some of the largest transactions to occur South of the Fraser River, including: Industrial and Commercial Investment sales throughout the Fraser Valley Region, The sale of 160 acres on behalf of the Royal Bank of Canada in a foreclosure proceeding in North Surrey, the relocation of Ritchie Bros from North Surrey to Chilliwack on behalf of Cattermole Timber and Ritchie Bros., the sale of the Salvation Army House of Concord property, a 60 acre property at 86th Ave and 200th street in Langley on behalf of the Salvation Army, the sale of the 10 acre Cloverdale Highways Yard at the Cloverdale Bypass (176th St.)& Highway #10 on behalf of the Province of BC, the sale of Imperial Lumber in foreclosure proceedings on behalf of the Bank of Montreal and the sale of Pacific Press' Vancouver Province production plant for Southham Inc. the sale of Postmedia's Vancouver Sun/Vancouver Province newspaper production facility in Surrey, BC and most recently the sale of Campbell Heights North Business Park a six year project that started in 2011 and completed in 2017 which involved the sale of 250 acres of serviced industrial land sold on behalf of the City of Surrey's Development Corporation.

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Chris Morrison

Executive Vice President | Industrial | Canada | Personal Real Estate Corporation

Vancouver

Chris rejoined Colliers at the beginning of 2008, after five years as Director of Industrial Development for The Beedie Group, one of the largest and most successful development companies in Western Canada. Since returning to Colliers, he has been one of the top brokers in the Metro Vancouver Market.

Chris initially joined the real estate industry in 1994 and was one of the top industrial brokers in Metro Vancouver prior to leaving Colliers in 2002. During his tenure, Chris achieved a position amongst the Top 50 Commercial Realtors in Colliers Canada for production for consecutive years in 2000, 2001 and 2002.

As an Executive Vice President, Chris is highly focused and passionate about providing creative real estate solutions for companies in the industrial sector. Although based in Vancouver, his client base extends to major real estate markets across Canada and the U.S.

After 25 years in the industry, his role has evolved to where his focus is on becoming a trusted resource rather than a transaction centric service provider. Whether it be simply providing market intelligence on a regular basis or assisting with validating long-term business strategies, Chris is committed in being responsive and fully accountable over the course of any assignment.

Chris' experience at The Beedie Group is highly unique, where he was responsible on providing an “insider’s” perspective on all aspects of development, construction and analysis of income producing real estate assets.

During his tenure at The Beedie Group, Chris completed 47 design build projects totaling over 1.5million square feet and was involved in every key aspect of the design and construction process. Chris’ involvement during the site acquisition process included preliminary conceptual design and feasibility, coordination of cost estimates, as well as final contract negotiations and transaction structures. Chris also consulted on the renewal of major tenants within The Beedie portfolio, which had totaled over 6million square feet.

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