Bosa Properties has acquired an industrial park in the Vancouver suburb of Surrey, B.C., from CanFirst Capital Management for $93 million, according to a published report.

The reporting publication is owned by commercial real estate advisory firm Green Street. Vancouver-based Bosa Properties bought the 315,000-square-foot Fama Business Park at 15050 54A Avenue for $295 per square foot, states the report.

Colliers represented Toronto-based CanFirst in the deal, which has closed.

The property includes eight freestanding building occupied by various tenants, including a drinks manufacturer, an aerospace company producing water-treatment systems and a door supplier.

CanFirst purchased the property in 2019 from Hydro Quebec for $66 million, according to the report.

Get Ready for Canada Kick-off

Connect CRE will hold its inaugural Canada Kick-off Event in Toronto on June 11. This will be Connect’s first commercial real estate industry conference in Canada. Panelists will include Syl Apps, managing director and co-country head for Hines; Lindsay Brand, chief investment officer at Concert Properties; Mark Kenney, CEO of Canadian Apartment Properties REIT; and, Marie-France Benoit, Avison Young’s director of Canadian market intelligence. Come and gain insights from industry leaders on such matters as buyer sentiment amid a lower interest-rate environment, cross-border commercial real estate transaction trends, and investors’ outlook for 2024 and beyond. Register today.