Grocery stores
  • Mission
  • British Columbia
  • Canada
  • Retail
  • January 2022

Mission Junction Shopping Centre

A dominant grocery-anchored shopping center in Mission, British Columbia.

View of the shopping complex

View of the shopping complex

About the property

Mission Junction Shopping Centre is a dominant, grocery-anchored shopping center in Mission, British Columbia, the second-fastest growing district in the province and approximately 75 kilometers east of downtown Vancouver.

Built in various stages between 1998 and 2006, the total footprint is just over 272,000 square feet.

Investment rationale and value creation

At the time of acquisition, the property had an expiring movie theatre lease and a 60,000 square feet food store looking to downsize, as well as several as-of-right pad development possibilities.

The LaSalle Canadian value-add investments team built and leased a new 23,000 square foot pad for a large retail tenant and 5,000 square foot food and beverage-anchored drive-thru. In addition, the team completed new, renewal and expansion leasing totalling in excess of 250,000 square feet including both the movie theater and grocery store on 10-year terms.

What we achieved

When the Mission Junction Shopping Centre was sold in Q4 2021 it was 96% leased with a weighted average lease term of almost five years. The agreed sale price represented a strong profit for our investors.

View on the city with full of the lights

Mission Junction Shopping Centre is a Canadian value-add investment

Explore other Canadian value-add investments

Parking and office building Office

2 & 30 International Boulevard

Modern flex-office near Canada’s largest international airport

High brick block Residential

East York Apartments

Toronto multifamily complex

Industrial building with greenery in front of it Industrial

Southern Ontario Industrial Portfolio

Six industrial assets across southern Ontario

Parking in front of the company's headquarters Industrial

Toronto Airport Mid-Bay Industrial Portfolio

An eight-building portfolio near Pearson International Airport

No results found

Make sure you’ve spelled everything correctly, or try searching for something else. If you still can’t find what you’re looking for, you can always Contact us to talk to someone.

Important information

The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.