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AWARD 2016 Categories OFFICE DEVELOPMENT...... C4 DEVELOPING LEADER (UNDER 35 YEARS OF AGE)...... C4

INDUSTRIAL LEASE...... C5 e

MIXED-USE DEVELOPMENT...... C6

RETAIL DEVELOPMENT...... C7

INDUSTRIAL DEVELOPMENT...... C8

Tenant Improvement...... C9

OFFICE LEASE...... C10

INVESTMENT TRANSACTION...... C10

retail lease...... C11 nc e state E

ll e eal R

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CC2 2016 Commercial Real Estate Awards of Excellence

Message from the President

Vancouver is extremely pleased to partner with Business in retail, industrial, and residential and mixed use in NAIOP to co-host the Commercial Real Estate Awards Metro Vancouver is over $877.9 million, and property of Excellence Gala on Tuesday, May 17, 2016, at the Fairmont Waterfront Hotel. tax payments by NAIOP Vancouver members in both The event will recognize excellence in commercial real estate within the Metro the city of Vancouver and the Lower Mainland exceeded Vancouver area for the years 2014 and 2015. This is the third such recognition gala $310 million, or roughly 42% of all non-residential in which we have partnered with Business in Vancouver. The last one was held in property tax revenues in the Lower Mainland. May 2014. The awards recognize the full range of disciplines involved in creating In short, NAIOP Vancouver members make a sig- successful real estate solutions, while highlighting the leadership role played by nificant contribution to our economy, and I am de- property owners, developers and professional advisers. We were delighted with lighted to see the best of the best being honoured at the number and quality of submissions we received. the awards gala this month. I congratulate all the I would like to acknowledge the vital role NAIOP Vancouver members and the finalists and look forward to an exceptional evening commercial real estate industry play in our economy. A study conducted a few at the Fairmont Waterfront Hotel on Tuesday, May 17. years ago by the University of Sauder School of Business Centre Individual tickets, corporate tables and regular tables are available at www.biv. for Urban Economics and Real Estate indicates that NAIOP Vancouver members com/realestateawards. generate more than $9.6 billion in GDP for the local economy, including the con- tribution of Port Metro Vancouver. In addition, NAIOP Vancouver members were Chris MacCauley responsible for the creation of over 200,000 direct, indirect and induced jobs in President, NAIOP Vancouver, 2016 the Lower Mainland. The estimated value of annual new construction from office,

Commercial Real Estate co-chairs Ernie Hee Ernest Hee is a partner with McMillan LLP. He advises on all aspects of commercial real estate and Awards of Excellence corporate/commercial law. He has a varied client base that includes well-known banks, developers, pension funds, limited partnerships and private individuals. Ernest also acts for European real estate investors and has acted for prominent U.S. investors and real estate funds on various acquisitions The NAIOP Vancouver Chapter, in partnership with in B.C. His skill as a negotiator and closer is well known in the real estate community. Ernest is a Business in Vancouver, is delighted to present the 2016 board member of and legal counsel to the Vancouver chapter of the NAIOP Commercial Real Estate Commercial Real Estate Awards of Excellence. This Development Association.

event will recognize excellence in commercial real estate Jennifer Podmore Russell within the Metro Vancouver area for the 2014 and 2015 Jennifer Podmore Russell is a director of Deloitte Real Estate whose expertise involves a broad range of traditional and non-traditional real estate projects. Prior to joining Deloitte in late 2009, Jennifer calendar years. successfully ran an independent consulting firm based in Western Canada focused on tracking all major residential and mixed-use development in B.C. and Alberta. Jennifer sits on the boards of NAIOP and Atira Women’s Resource Society. May 17, 2016 | 6:15pm - 9:00pm The Fairmont Waterfront NAIOP member/BIV subscriber: $125 Non-member/Non-subscriber : $150 Judges Event partner table: $2250 Steve Smith Stephanie Andrew Kirkham Managing director, Setchell Vice-president, PresenTed by: Gold sPonsors: western region, Leasing manager, portfolio Manulife Real Farrell Estates management, Estate Ltd. Western Canada, Kingsett Capital

silVer sPonsors:

David Podmore Steffan Smith Raymond Choy Chair, Senior director, Chief investment General sPonsors: Concert GWL Realty officer, GO2PRODUCTIONS ® Properties Advisors Peterson make it great

Visit www.biv.com/realestateawards to register

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Texcan - Pacific Link

TransLink - Brewery District Building 2 - Brewery District

We are a family company with a long history of looking forward, and we’ve been operating for more than 50 years. We are masterful planners and have extensive experience in rehabilitating and developing brownfields sites. Our foundation was built on developing relationships with good long-term tenants in our commercial holdings.

Today, we are one of Western Canada’s largest private real estate organizations.

wesgroup.ca 1274 20140401 page Categorya

C4 2016 Commercial Real Estate Awards of Excellence Office Development | Finalists Award will be given to the team or individual responsible for developing the top office project completed during the calendar years 2014 and 2015. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered.

745 Thurlow 980 Howe Coast Capital Savings MNP Tower Vendor/Owner: 2748355 Canada Inc. Vendor/Owner: Manulife Financial Help Headquarters at Vendor/Owner: Oxford Properties Team Members and Affiliated Group | Team Members and Affili- Group and CPPIB | Team Members Companies: bcIMC, Bentall Kennedy, ated Companies: In collaboration King George Station and Affiliated Companies: Oxford MCMP, Stuart Olson with Endall Elliot Associates Vendor/Owner: PCI Developments Properties Group, CPPIB, Kohn Ped- 745 Thurlow is a 23-storey, This new office development by Manulife Corp. | Team Members and Affiliated ersen Fox, MCM Architects, Ledcor 400,000-square-foot, triple A-down- Real Estate in Companies: Musson Cattell Mackey The project mandate was to create an “AAA” town office development with main floor features 16 storeys of office space over a Partnership Architects, Ledcor boutique office building appealing to the retail and a rooftop amenity area. It was street-level podium with prime storefront Construction, Triovest city’s predominantly 3,000-to-5,000- designed and constructed to a LEED Gold retail space and building services. The Built to LEED Gold standards, this square-foot tenant size, capitalizing on its standard with certification expected in commercial office component offers large innovative 10-storey office development at central location and North Shore views. 2017. floor plate rental opportunities, with areas King George Station and Fraser Highway Respectful of its context and the city’s sky- ranging from 15,160 to 16,611 square feet, in Surrey City Centre includes 160,000 line, the project is connected to the heritage totalling over 250,000 square feet. It square feet of office space and 25,000 and the University Club. features a double-height entrance lobby square feet of retail, with over 1,000 Human-scaled architecture at the base was with marble, granite and wood finishes, employees. This complex is home to the developed alongside a more urban scale at nine-foot office ceilings, floor-to-ceiling head office of Coast Capital Savings, a the tower’s top. Between the new build- glazing on the exterior walls of all office proud corporate citizen of Surrey that ing and the University Club, the curtain floors and a shared penthouse meeting strategically chose a new, state-of-the-art wall peels upward, allowing the existing room, complete with roof terraces. building within an upcoming, vibrant, masonry facade to nestle beneath its prow mixed-use, transit-oriented community. and relate to the Marine Building base.

Developing Leader | Finalists Award will be given to the NAIOP Vancouver developing leader who during the calendar years 2014 and 2015 showed exemplary leadership in the commercial real estate industry and who contributed to the industry in a significant way.

Jason Kiselbach Anthio Yuen Janay Koldingnes Roy Pat Senior associate, CBRE Ltd. Senior manager, portfolio analysis Interior designer, Dialog Associate, Colliers International Joining the NAIOP Developing Leaders and research services, GWL Realty With 15 years’ experience specializing Roy graduated from the University of committee in January 2014, Jason has Advisors in corporate workplace design, Janay British Columbia with a bachelor of become a mentor and leader to many in With a background in property market has been the lead designer and project commerce, specializing in finance, and the industry. A trusted adviser to local analysis, urban planning and research manager on major projects ranging completed a summer internship at GWL industrial landlords and developers, he has strategy, Anthio manages the firm’s from 10,000 to 215,000 square feet with Realty Advisors. In 2012, he joined the been selected as the listing broker for many real estate market research across corporations throughout Vancouver. industrial brokerage team at Colliers. Fully significant listing assignments. Jason Canada, supporting the firm’s portfolio With a well-rounded knowledge of the integrated in the underwriting, marketing, coaches others to achieve their goals, helps management teams and clients by design and construction process, Janay negotiating and sales processes, Roy has students identify their career paths and has providing insight into Canada’s property provides her clients with timely, accurate been involved in over $520 million of spoken at UBC Sauder events. Recently, sectors. His primary duties include macro updates to ensure a smooth process from property sales, including those over $70 Jason provided the industrial market and urban-level economic analysis, start to finish. To establish optimal space million in value, and 5.7 million square overview and co-moderated the NAIOP property market forecasting and the utilization and design direction, she feet of leasing. He was a speaker at the 2015 Industrial Breakfast, and participated in formulation of investment strategy and works with her clients to understand the NAIOP Vancouver Industrial Breakfast the commercial real estate panel at Buildex emerging theme reports. Before joining dynamics of their organization. Working Event and a panellist in the fall 2015 Vancouver 2016. He has completed over GWL Realty Advisors, Anthio was part in Europe, she collaborated with a Dutch Vancouver Real Estate Strategy and Leasing 200 deals, executed on over $400 million of a CBRE Ltd. research group and also architectural firm creating architecturally Conference. In spring 2016, he was involved of total transaction value and completed had research roles with DTZ and the Real significant spaces, the influence of which with NAIOP’s consultation on the False 5.4 million square feet of design builds. Property Association of Canada. is evident in many of her projects. Creek Flats with the City of Vancouver. 1274 20140401 page Categorya

2016 Commercial Real Estate Awards of Excellence C5 Industrial Lease | Finalists Award will be given to the team or individual responsible for negotiating the top industrial lease completed during the calendar years 2014 and 2015. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of landlord and/or tenant. Market impact of the transaction will also be considered.

Vector Aerospace Building Oxford Queensborough Overland West Freight Inc. 109 Braid Street – Langley Airport Logistics Park Vendor/Owner: Wesgroup Vendor/Owner: 2725321 Canada Inc. Properties LP (British Columbia Investment Vendor/Owner: Airport Facilities Vendor/Owner: Oxford Properties Team Members and Affiliated Management Corp.) Corp. Group Companies: Developer Wesgroup Team Members and Affiliated Team Members and Affiliated Team Members and Affiliated Properties; tenant Overland West Companies: bcIMC, Bentall Kennedy Companies: Graeme Bullus, Companies: Drew Gilbertson, Freight Inc. (part of Reimer Group of (Canada) LP, Cushman & Wakefield, Newmark Knight Frank Devencore Todd Scarlett (Colliers International), Companies) Amazon As part of a seven-year real estate planning Port Metro Vancouver (land lease), The Overland development is a Constructed in 1982, this 38-acre indus- project for Vector Aerospace (subsidiary of Beedie Construction 36,000-square-foot, 48-door, built- trial site, adjacent to the Braid Street Sky- Airbus Helicopters), Vector chose to build- This lease transaction marks the second to-suit cross-dock facility located on train station and the Brunette interchange to-suit a custom facility at the Langley full building lease at Queensborough Bridgeview Drive in North Surrey. This to Highway 1, has offered exceptional airport to house its airframes and avionics Logistics Park. Teaming with Beedie state-of-the-art transportation facility warehouse and distribution space within divisions, including up to 150 new high- Construction, Oxford has committed to a is on six acres and will be a relocation Metro Vancouver. The main warehouse is skilled aviation and engineering jobs. We full brownfield redevelopment of a 35-acre of operations from Port Kells. The 585,000 square feet with loading docks on represented the tenant in the transactions. land lease site, formerly a dilapidated development will also include 11,000 three sides, generous truck loading access, The resulting build-to-suit was an sawmill, providing best-in-class square feet of turnkey office to serve as a trailer storage and abundant surface park- 80,000-square-foot building, including facilities in an irreplaceable location. The regional head office that will be positioned ing. The building has accommodated users 20,000 square feet of office, 186 parking transaction represents a 243,610-square- on the site to give maximum exposure ranging in size from 80 to 350,000 square spaces and two helipads. foot full building transaction housing both onto Bridgeview Drive. The site is a prime feet. The owner has been working with the light manufacturing and distribution for logistical location adjacent to the South City of on amending Arc’teryx Equipment. At full capacity, Fraser Perimeter Road and will provide the official community plan and rezoning the facility will provide over 600 jobs, Overland with a central location to service the site for a comprehensive mixed-use, making Arc’teryx New Westminster’s the Lower Mainland and Western Canada. transit-oriented development, but, after a second-largest private employer. The vacancy challenge in 2014, opted to pursue transaction defines successful brownfield leasing the building for longer than what development and the repurposing of was a rolling six-month demolition period. industrial land in our constrained market.

Different by Design

As one of the fastest-growing firms in Canada, we lead by example. We understand what it takes to not only grow your business, but to structure it effectively for the long term. MNP’s Real Estate and Construction team have the strategic industry knowledge and experience you need to maximize opportunities. We deliver in-depth accounting, tax and business consulting solutions as innovative as you are, keeping you at the forefront of the competition.

Rob Wesley, CPA, CA Craig Donnelly, CPA, CA Regional Leader Vancouver Leader Real Estate & Construction Services Real Estate Services T: 604.536.7614 T: 604.637.1523 E: [email protected] E: [email protected] 1274 20140401 page Categorya

C6 2016 Commercial Real Estate Awards of Excellence Mixed-Use Development | Finalists Award will be given to the team or individual responsible for developing the top mixed-use project completed during the calendar years 2014 and 2015. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation and scale will be considered.

Telus Garden Office Building Marine Gateway 725 Granville Vendor/Owner: Various Vendors Vendor/Owner: PCI Developments Corp. Vendor/Owner: Cadillac Fairview Corp. Ltd. Team Members and Affiliated Companies: Team Members and Affiliated Companies: Team Members and Affiliated Companies: Westbank, Henriquez Partners Architects, Perkins+Will, Triovest Realty Advisors Josh Thomson (CF), Lou Ficocelli (CF), Carson Integral Group, LMDG, PFS Studio Marine Gateway is Vancouver’s first transit-oriented, Pennock (CF), Tom Knoepfel (CF), Jason Howell (CF) Telus Garden revolutionizes the Vancouver skyline with mixed-use development directly connecting to the Marine In 2012, Cadillac Fairview announced a multimillion- two new towers in the heart of downtown. This $750 Drive Canada Line station and the South Vancouver bus dollar redevelopment of the former Sears building. This million redevelopment project involves the design and loop at Cambie and Southwest Marine Drive. Built to LEED project extends the current complex and construction of a new 44-storey residential tower and a Gold equivalency, this 830,000-square-foot landmark further solidifies the complex’s position as Vancouver’s 22-storey office tower. The 450,000-square-foot office comprises five separate air parcels: two residential towers pre-eminent downtown mixed-use property. Situated tower was completed in September 2015 and is the first with 415 condominium homes and 46 rental apartments, between Granville and Howe streets and spanning LEED Platinum office building in Vancouver. It houses a 250,000-square-foot Class A office building and over from West Pender to Robson Street, the redevelopment, the company’s new headquarters as well as other offices, a 240,000 square feet of retail and public space – a total called 725 Granville, is uniquely constructed. Instead restaurant and a public plaza, while the 435,0000-square- project cost of approximately $400 million. The 14-storey of demolishing the old structure to erect a new one, the foot residential building will include market housing, office building, integrated into the complex with large floor existing building’s shell was kept, but the structure was retail units and underground parking. This civic icon of plates (14,800 to 21,200 square feet), will appeal to back re-clad in glass. The former Sears department store was sustainability features a central plant with high-efficiency office, engineering and research tenants, with amenities reconfigured to accommodate a new 48,000-square- heat pumps and waste heat recovery from Telus Data such as a fully equipped gym and outdoor terrace. Marine foot multi-tenant retail space on the lower mall level, a Centre, radiant heating and cooling, demand-controlled Gateway’s “High Street” offers best-in-class service, retail, 230,000-square-foot Nordstrom store on three floors, ventilation and LED lighting. With over 10,000 square feet entertainment and convenience shopping. It includes 1,250 including the street level, and 290,000 square feet of of green roofs including two elevated roof forests, Telus underground parking stalls, co-op car stalls and a bicycle AAA-class office space on the top four levels. Garden is a stunning and true representation of British mobility centre. Columbia.

A Global Leader in out of 153

Top firm globally Sustainable Property (Diversified sector) Bentall Kennedy Investing st 1 out of 22 Top fund globally Bentall Kennedy ranked 1st globally among (Diversified, oce/residential sector) MEPT (Core Open-End Fund) its peer group in the 2015 Global Real Estate Sustainability Benchmark (GRESB) Top 2% 17th out of 707 participants across all sectors globally

Learn more about our sustainability programs. Visit: cr.bentallkennedy.com 1274 20140401 page Categorya

2016 Commercial Real Estate Awards of Excellence C7 Retail Development | Finalists Award will be given to the team or individual responsible for negotiating the top investment transaction completed during the calendar years 2014 and 2015. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of all parties involved. Market impact of the transaction will also be considered.

725 Granville Marine Gateway McArthurGlen Designer Outlet Centre Vendor/Owner: Cadillac Fairview Corp. Ltd. Vendor/Owner: PCI Developments Corp. Vendor/Owner: Templeton DOC LP, a joint venture Team Members and Affiliated Companies: Josh Team Members and Affiliated Companies: between the Vancouver Airport Authority and the Thomson (CF), Lou Ficocelli (CF), Carson Pennock Perkins+Will, Triovest Realty Advisors McArthurGlen Group (CF), Tom Knoepfel (CF), Jason Howell (CF) Marine Gateway is Vancouver’s first transit-oriented, Team Members and Affiliated Companies: Located in downtown Vancouver, Nordstrom’s Canadian mixed-use development directly connecting the Marine YVR, McArthurGlen Group, McMillan LLP flagship store is one of the first six Canadian stores for Drive Canada Line station and the South Vancouver One of the most eagerly anticipated architectural the highly anticipated upscale fashion retailer. The bus loop on Cambie and Southwest Marine Drive. developments of 2015, the McArthurGlen Designer redevelopment of an existing Vancouver landmark Built to LEED Gold equivalency, Marine Gateway is Outlet brings European flair and design in the form of located in the centre of the downtown core makes this home to over 750 residents, supports over 2,000 jobs an open-air village-style shopping haven to Vancouver. a noteworthy project. The distinctive Sears building’s and is projected to increase public transit ridership by Consisting of 77 individual retailers spread out over structure was kept, but the new exterior design includes two million per annum. This mixed-use landmark is 240,000 square feet, the outlet features cobblestone an architectural mixture of glass and stone. Nordstrom composed of two residential towers, a 250,000-square- walkways, tree-lined streets, a dancing fountain and occupies 230,000 square feet on three floors, making it foot office building and over 240,000 square feet of luxury piazza complemented by a variety of facades. the largest Canadian store and the third of nine full-line retail and public space. Marine Gateway’s High Street Inspired by iconic Vancouver architecture including the stores planned for Canada. The office space component is offers best-in-class service retail, entertainment and , Vancouver Rowing Club and the brick significantly different from others in the downtown core convenience shopping, supporting a vibrant hub of of , McArthurGlen has been created for a true with 73,000-square-foot floor plates, 17-foot ceilings activity. Loblaw’s T&T Supermarket, Cineplex, Winners, leisure experience. In November 2015, McArthurGlen and two landscaped atriums that offer tenants an open- Steve Nash Fitness and Shoppers Drug Mart are just a was awarded the prestigious Mapic Award for Best Outlet air amenity area. few of the many conveniences serving neighbourhood Centre, ahead of other nominated projects in France, residents and workers. Canada and Russia. 1274 20140401 page Categorya

C8 2016 Commercial Real Estate Awards of Excellence Industrial Development | Finalists Award will be given to the team or individual responsible for developing the top industrial development completed during the calendar years 2014 and 2015. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered. This category shall include both multiple building projects and single building projects.

Texcan Millennium VI Boundary Bay Industrial Park Advanced Integration Vendor/Owner: Vendor/Owner: Vendor/Owner: Technology Canada Inc. Wesgroup Properties LP Grosvenor Americas Dayhu Group of Companies Vendor/Owner: Team Members and Affiliated Team Members and Affiliated Team Members and Affiliated 161884 Canada Inc. (Beedie) Companies: Developer Wesgroup Companies: Architect R. Martin Companies: Jonathan Barnett, Team Members and Affiliated Properties; tenant Texcan, a division Cruise Architect; civil engineer Hub president and CEO, Dayhu; Paul Companies: Developer Todd Yuen, of Sonepar Canada Inc. Engineering Inc.; electrical Tilbury, COO, Dayhu; Dean Fader, Beedie Development Group; designer This project was a significant build-to- engineer S&A Falcon Engineering vice-president, real estate, Dayhu; Darcy Forcier, dForce Designs Inc.; suit industrial warehouse and head of- Ltd.; mechanical HVAC engineer Tony Vigini, Wales McLelland; John mechanical engineer Martin fice building for Texcan at PacificLink MEC Engineering Consulting Ltd.; Kristianson, CTA Design Group; Swain, Bycar Engineering Ltd.; Business Park, Surrey. The total facility landscape architect PMG Landscape CBRE Ltd. electrical engineer Rick Tucker, SML is 105,000 square feet and comprises a Architects; envelope consultant JRS Boundary Bay Industrial Park is a large- Consultants Group Ltd.; structural 75,000-square-foot warehouse compon- Engineering; land surveyor Butler format distribution complex built by the engineer Kevin Lemieux, Weiler ent with yard and 30,000 square feet of Sundwick; geotechnical assessment Dayhu Group of Companies. The project Smith Bowers Consulting Structural office. Texcan’s multi-purpose indus- Levelton Consultants Ltd.; health was completed in two phases, each ap- Engineering; tenant design Christine trial building is esthetically appealing & safety consultant Carl Savard; proximately 433,000 square feet and con- Baker (project manager), Advanced and sustainably conscious. Designed and structural engineer Weiler Smith sisting of unit sizes beginning at 100,000 Integration Technology Canada Inc. built to exceed the design guidelines for Bowers; broker Colliers International square feet. The project was developed The developer was presented with PacificLink Business Park, it enhances (Darren Cannon & Stu Morrison) on former federally owned lands at the an opportunity to re-lease the subject the atmosphere along 120th/Scott Road. Annacis Business Park in Delta is con- Boundary Bay Airport and filled a void 15-year-old industrial building after In order to deal with the mass of the build- sidered the distribution hub of Metro in the market for large-format space, having expanded the previous tenant ing, the office and warehouse functions Vancouver and is home to more than 430 pioneered a new industrial sub-market, into a new-built to suit manufacturing are accommodated in two distinct vol- companies, which employ over 10,300 included environmentally sustainable building. The existing site allowed for umes with contrasting colours and use people. Grosvenor, the privately owned project features and offered best-in-class a 40% increase in size of the existing of materials. The emphasis for the office international property development and specifications for large-format users in- building. The developer sought to find a component is on allowing as much natural investment group, expanded from the cluding being the first project built with tenant to backfill the 100,000-square- light to flood into the office as possible, U.K. into North America in the 1950s. Its 36-foot clear heights. This combination foot vacancy and proceed with construc- and where required, the light is modulated first international acquisition was the of features resulted in market-leading tion of the 40,000-square-foot addition, through the use of passive sun-shading purchase of Annacis Island for industrial absorption as the project was fully leased to either be leased as one contiguous space devices. Similarly, clerestory windows development. Grosvenor currently owns within 36 months of the land purchase, or create a multi-tenant facility. are incorporated in the warehouse area about 20% of the Annacis Business Park’s a considerable achievement considering to allow daylight and reduce the electrical GLA, including approximately 210 acres of the size of the lease transactions required lighting requirements. Great emphasis land and nine industrial buildings com- relative to the size of the average distribu- was placed on energy conservation, and prising 1.1 million square feet. Grosvenor tion user in Vancouver. The success of this this is the first industrial building in the developed six of the nine buildings, which project has led other industrial developers PacificLink Business Park to use LED fix- are referred to as the Millennium Port- to begin construction on similar projects. tures throughout the entire building, yard folio. The most recent development area and parking lot. completed of these is the Millennium VI warehouse project, a 165,000-square-foot Tier 1 distribution centre at 1005 Derwent Way. The project completed in October 2015 with 102,536 square feet leased for 10 years by Direct Distribution, and 60,179 square feet leased to Orbit Distribution for a five-year period.

Counterpoint interiors inC. Design | BuilD | Relocate | Facilitate CONGRATULATIONS TO Daily local THE COMMERCIAL REAL business ESTATE AWARDS OF news EXCELLENCE WINNERS!! Enjoy your successes, you deserve to be proud! K biv.com Counterpoint captures visions and dreams to create friendly attractive workspaces. Brian Carroll, Ken Ly, Taylor Carroll 604-880-2248 [email protected] | www.counterpoints.com 1274 20140401 page Categorya

2016 Commercial Real Estate Awards of Excellence C9 Tenant improvement | Finalists Award will be given to the team or individual responsible for developing the top industrial development completed during the calendar years 2014 and 2015. Selection will be based upon the quality, functionality, leasing, sustainability and financial performance of the project. Innovation will also be considered. This category shall include both multiple building projects and single building projects.

Expedia CruiseShipCenters CBRE Vancouver office LGM Financial Bull Housser & Tupper LLP Vendor/Owner: Vendor/Owner: Vendor/Owner: Vendor/Owner: Oxford Properties Group and CPPIB CBRE (tenant improvement), Oxford Properties Group and CPPIB Bull Housser & Tupper LLP Team Members and Affiliated Oxford (MNP Tower) Team Members and Affiliated Team Members and Affiliated Companies: Oxford Properties Team Members and Affiliated Companies: Oxford Properties Companies: Jo Ellen Kelly, Douglas Group, Expedia CruiseShipCenters, Companies: CBRE Ltd. Group, Group 5 Design Stimson, Erin Saucier Cushman & Wakefield, Procom CBRE Canada decided a cross-country LGM Financial’s new corporate office The new Telus Garden building features Centrally located in downtown Vancouver workplace transformation would be the is located on the top three floors of the large floor plates, natural light and views between Thurlow and Burrard, Oceanic ideal way to better serve its clients and MNP Tower. LGM wished to highlight its of Vancouver’s skyline in the heart of Plaza is situated near the new Fairmont influence the Canadian real estate in- success by moving to the most innova- downtown, which was perfect for Bull Pacific Rim Hotel and the convention cen- dustry by demonstrating the benefits of tive tower in Vancouver, which had to be Housser to reinvent its workplace. The in- tre, offering spectacular views of Burrard integrating workplace strategy, design and impressive for business partners and instil terior design firm expresses its B.C. brand Inlet, and the North Shore employee well-being. The process began pride for staff. Every space had to allow and culture through imagery and a palette mountains. With Stanley Park on one side with CBRE Vancouver’s new office, which access to views and encourage visual com- of natural materials. Facilities include and Terminal City Club and the Vancou- reflects the entrepreneurial and collabora- munication. The teardrop-shaped floor lawyers’ offices with Italian designed ver Club on the other, it offers a unique tive culture that CBRE prides itself on and plate inspired details such as the curved modular furniture and wall systems, a col- combination of prestige and workplace provides an example to clients looking to and stepped ceilings, conference room art- laborative, all-staff lounge and in-house satisfaction. Oceanic Plaza allows for realize their own workplace of the future. glass and custom millwork throughout. caterer. A key architectural feature of the easy access from any direction, by car or CBRE Vancouver found a 30,000-square- The central staircase features polished building is the Sky Garden jutting out over public transportation. Tenants also have foot space in the new MNP Tower. Inte- granite cladding the core wall, and glass Richards Street. New workspace standards access to the Guinness Tower fitness fa- grating over two dozen evidence-based office fronts provide natural light and and efficient space planning maximize the cility across the street and fully equipped wellness designs and technologies into views through the office. Refined archi- real estate investment. High quality and conference rooms with 14-foot ceilings on the space, the CBRE Vancouver office was tecture and European furnishings create timeless finishes will stand the test of time the Pender level. These bright facilities designed with a focus on creating a highly a sophisticated interior that stands out in well into the future growth of the firm. are ideal for meetings, corporate events effective work environment and a space the marketplace. or training seminars. that supports health and well-being.

 Development Services  Interior Design  Real Estate Strategy  Engineering  Architecture  Construction

omicronaec.com 1274 20140401 page Categorya

C10 2016 Commercial Real Estate Awards of Excellence Office Lease | Finalists Award will be given to the team or individual responsible for negotiating the top office lease completed during the calendar years 2014 and 2015. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of the landlord and tenant. Market impact of the transaction will also be considered.

The Leckie Building Oceanic Plaza 725 Granville 510 Seymour Vendor/Owner: Talia Jevan Vendor/Owner: OMERS Realty Corp. Vendor/Owner: Cadillac Fairview Vendor/Owner: Serra Holdings Properties Inc. and CPPIB Corp. Ltd. (No. 4) Ltd. Team Members and Affiliated Team Members and Affiliated Team Members and Affiliated Team Members and Affiliated Companies: Colin Scarlett, Colliers; Companies: Oxford Properties Companies: Kayvon Besharat Companies: Colliers, Serracan, Adler Kelvin Ng, Global Relay; Harmel Group, Expedia CruiseShipCenters, (Colliers), Lou Ficocelli (CF), Carson University, Gowlings Rayat, Talia Jevan Properties; Peter Cushman & Wakefield, Procom Pennock (CF), Tom Knoepfel (CF) The Adler University lease at 510 Seymour Tolensky, Lawson Lundell; Peter CruiseShipCenters was located in At the beginning of 2014, Cadillac Fairview Street with Serracan Properties was the Anderson, Boughton Guinness Tower, but wanted to merge and Microsoft Canada entered into a lease result of a truly collaborative process be- Global Relay, one of B.C.’s most celebrated with Expedia in Oceanic Plaza. This agreement for two full floors in Cadillac tween the agents, tenant and developer. and awarded tech companies, has experi- required the relocation of two existing Fairview’s new 725 Granville redevelop- Colliers represented both the tenant (Dan enced phenomenal growth over time. It tenants, which Oxford did not have a ment. The transaction saw Microsoft lease Jordan and Colin Scarlett) and landlord was desperate for more space to accom- right to complete, and the termination of the top two floors of what was previously (Marco DiPaolo), and was able to bring modate its growth and wanted to make a third who had left the building. One ex- the Sears department store, totalling over the parties together to solve a number of sure its space was a big factor in employee isting tenant agreed to move to Guinness 143,000 square feet. challenges involved with pre-leasing a retention/recruitment given all the U.S. Tower, expanding to 10,000 square space of 30,000 square feet (almost half tech firms that have come to Vancouver feet. The second was to occupy a newly of the building), two years in advance of making the labour market frothy. The expanded and renovated space at Ocean- the building being completed. The deal project came to Colin through a referral in ic Plaza in a week. Instead, they shifted gave the tenant the required flexibility 2003. Global Relay searched the market, temporarily to a 2,000-square-foot to grow or contract the space during the but 220 Cambie Street secured its tenancy space before moving to MNP Tower. This design process, while still providing the by satisfying all its requirements. allowed the retention and expansion developer with the certainty required to of CruiseShipCenters to 28,500 square complete construction of the project. feet, while securing an extra 15,000 square feet with two existing tenants.

Investment Transaction | Finalists Award will be given to the team or individual responsible for negotiating the top investment transaction completed during the calendar years 2014 and 2015. Selection will be based upon the complexity, innovation and creativity of the transaction to meet the objectives of all parties involved. Market impact of the transaction will also be considered.

Metrotower III Greater Vancouver Apartment Portfolio Vendor/Owner: Metro Vancouver Vendor/Owner: Western Investment Properties Team Members and Affiliated Companies: (WIP) Bob Levine, Avison Young; Jason Mah, Avison Team Members and Affiliated Companies: Young; Michael Gill, Avison Young; Michael Jim Szabo, Tony Quattrin, Lance Coulson, Emmott, Avison Young; David MacFayden, CBRE Capital Markets Avison Young; Jonathan Pearce, Ivanhoé The Greater Vancouver Apartment Portfolio was a Cambridge; Randy Wenge, Metro Vancouver premier, multi-family rental apartment portfolio The off-market sale of the 414,000-square-foot comprised of 19 properties improved with 22 rental Metrotower III property in by Ivanhoé apartment buildings and a combined total of 919 Cambridge to Metro Vancouver. The largest suburban apartment units. This portfolio provided investors office sale transaction in 2015. with a truly unique opportunity to achieve immediate All finalist descriptions sourced from scale in Vancouver’s highly constrained and sought- submitted nomination packages. after rental investment market. 1274 20140401 page Categorya

2016 Commercial Real Estate Awards of Excellence C11 Retail Lease | Finalists Award will be given to the to the team or individual responsible for negotiating the top retail lease completed during the calendar years 2014 and 2015. Selection will be based based upon complexity, innovation and creativity of the transaction to meet the objectives of the landlord and tenant. Market impact of the transaction will also be considered.

The Carlyle 800 Burrard McArthurGlen Designer Outlet Centre Vendor/Owner: Vendor/Owner: Templeton DOC LP, a joint venture Vendor/Owner: Thurlow & Alberni Project Ltd. Oxford Properties Group and CPPIB between the Vancouver Airport Authority and the Team Members and Affiliated Team Members and Affiliated McArthurGlen Group Companies: CBRE Ltd. Companies: Oxford Properties Group, CPPIB, Team Members and Affiliated Companies: The Carlyle is at the heart of Vancouver’s emerging high- Lululemon, Ledcor, CBRE Ltd. YVR, McArthurGlen Group, McMillan LLP end shopping district, attracting numerous international When Lululemon required a new flagship store in down- One of the most eagerly anticipated architectural luxury brands. The CBRE Urban Retail Team, working town Vancouver, Oxford Properties jumped at the op- developments of 2015, the McArthurGlen Designer with the ownership group, provided advice on the re- portunity. This lease originated from a conversation Outlet brings European flair and design in the form of merchandising strategy in all aspects. This provided between Oxford and Lululemon’s agent, CBRE. With deep an open-air village-style shopping haven to Vancouver. holistic guidance on issues such as the handling of exist- backgrounds in design and development, and a strong Consisting of 77 individual retailers spread out over ing tenancies, an appropriate facade upgrade, reconfig- relationship with Ledcor as general contractor, Oxford 240,000 square feet, the outlet features cobblestone uration of the remaining spaces and overall marketing Properties was able to finalize the scope of work and re- walkways, tree-lined streets, a dancing fountain and approach. CBRE directed a diligent marketing program price the design, resulting in a financial structure that luxury piazza complemented by a variety of facades. to gain exposure on a local, national and global level and accommodated all parties. This transaction changed the Inspired by iconic Vancouver architecture including the provided a wide variety of potential suitors. The project face of the building on one of the most prominent retail Sinclair Centre, Vancouver Rowing Club and the brick is now occupied by De Beers and Tory Burch with deals corners in downtown Vancouver, and has showcased of Gastown, McArthurGlen has been created for a true soon to be finalized with Prada, Moncler and Jimmy Choo. Lululemon to residents, the business community and leisure experience. In November 2015, McArthurGlen tourists on one of the most productive retail boulevards was awarded the prestigious Mapic Award for Best Outlet in the world, elevating the business on all levels. Centre, ahead of other nominated projects in France, Canada and Russia.

Oxford Properties is proud to be a finalist!

Queensborough Logistics Park MNP Tower Oceanic Plaza 800 Burrard

Oxford proudly owns and manages commercial real estate in major downtown CONTACT US: markets across Canada as well as New York City, Boston, Washington, DC and London, England. Chuck We, Director of Leasing From new developments to marquee landmarks, our portfolio offers a vast 604-893-3257 selection of world class real estate, allowing our customers to find the right space [email protected] to achieve excellence in their respective businesses. Discover why 95% of Oxford customers surveyed would recommend to their employer that they stay in their building.

Make the move today. 1274 20140401 page Categorya

Board of Directors 2016

Back, left to right: Beth Berry, Developing Leaders Chair, Beedie Group | Donald Harrison, National Director, GWL Realty Advisors | Dan Jordan, Breakfast Committee Co-Chair, Colliers International Inc. | Marvin Haasen, Development Issues & Gov’t Relations Co-Chair, Madison Pacific Properties Inc. | Ernie Hee, Legal Council / Gala Co-Chair, McMillan LLP | Janay Koldingness, Events Committee Co-Chair, Dialog Design | Steffan Smith, Development Issues & Gov’t Relations Co-Chair, GWL Realty Advisors | Darren Burns, Communications Committee Chair, Stantec Architecture | Gordon Wylie, Development Issues & Gov’t Relations Co-Chair, Wylie Development Corp. Middle, left to right: Stephen Smith, Breakfast Committee Co-Chair, Manulife Real Estate | Stephanie Setchell, Events Committee Co-Chair, Farrell Estates Ltd. | Darlene Hyde, Executive Director, NAIOP | Jennifer Podmore Russell, Education Committee/Gala Co-Chair, Deloitte Front, left to right: John Middleton, Past President of NAIOP, ONNI Group | Chris MacCauley, President of NAIOP, CBRE Limited | Jarvis Rouillard, Vice President of NAIOP, Triovest Realty Advisors Inc. Missing: Pav Sikham, Treasurer of NAIOP, KPMG LLP

NAIOP Vancouver represents commercial Why become a member of NAIOP? real estate developers, owners and investors of office, industrial, retail and mixed-use properties. It provides strong advocacy, • Local networking opportunities through monthly breakfast speaker series and events. education and business opportunities and connects its members through a powerful • Mentorship Program and special events for Developing Leaders, under 35 years of age. North American network.

• A triennial Commercial Real Estate Awards of Excellence Gala, to recognize the best in the industry. NAIOP truly reflects the pulse of the commercial/industrial/development industry • Industry and market information—through breakfast speakers, special publications and the chapter in Greater Vancouver. It provides its diverse website, www.naiopvcr.com membership with a valuable network of industry professionals, a powerful forum • Access to the NAIOP Canada Sustainability Blog’s wide collection of articles, reports, case studies to exchange ideas, economic information and other sustainability-related works and market news, and a collective voice to lobby for regulatory debate and change. • The Annual Cost of Business Report—which reviews the effectiveness of local municipalities in NAIOP works for members year round to addressing office and industrial development projects. enhance market knowledge and exposure, to help streamline the industry, and provide a • Educational opportunities—through seminars, webinars and symposiums, including the annual healthy sprinkling of camaraderie and fun. The Vancouver Chapter of NAIOP is one of Developers’ Symposium. 51 chapters within an extensive network that represents the interests of developers • The “Icon Speaker” series, which provides access to the top tier of industry leaders. and owners of industrial, office and • Weekly e-bulletins which keep the membership up to date on industry news and events. related commercial real estate throughout North America. NAIOP’s Award Winning • Legislative voice with municipal and provincial officials—through our Development Issues and annual Cost of Business Survey provides a benchmark for performance of over 21 Government Affairs Committee. municipalities in the Metro Vancouver area with respect to their development costs and • Active online community, allowing members to join the conversation, grow their networks, and ease of doing business. obtain the latest commercial real estate news at  @NAIOPVancouver  NAIOP Vancouver Group

For more information on NAIOP – Vancouver Chapter or any of its events, please visit the website at www.naiopvcr.com, email [email protected] or call 604.601.5106