Canada Global(Web News) – A long-vacant commercial building in Surrey that has been talked about many times before is now writing another chapter in its 26-year story, 104 Avenue Center, located just south of 104 Avenue at 142 Street. Located at Whalley-Guildford, for sale subject to a court order.
Built in 1998, the 274,285-square-foot building gained notoriety for never being commercial or tenanted in the past two-plus decades.Kuldeep
Bansal bought the building two years ago for $55 million and later said It was fully leased, but even today there is no sign of commercial activity despite being located in the center of the city. On Wednesday, the Colliers received a court order to put the building up for sale.
Bill Randall, executive VP of the real estate company, said he has been involved with its owners for the past 20 years, confirmed Bansal as the current owner, and valued it at $63 million. “I think everyone is working together to find a good solution for the building, whether it’s through a sale or a lease,” said Bill Randall, in an eight-page sales brochure posted online this week. In 2024, Colliers announced the building’s estimated value of more than $114 million.
