Stratosphere Business Center, Kelowna’s Largest Industrial Land Sale | infonews

The land where this industrial park will be built is sold for $25 million.

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09 August 2022 – 07:00

A Burnaby-based industrial land developer has the distinction of paying the highest price Kelowna has ever seen for industrial land.

Beedie announced in April that it had purchased 14.7 acres at 2050 Pier Mac Way in Kelowna and planned to build the 144,462 square foot Stratosphere Business Center.

Pricing was not disclosed at the time, but is now listed by BC Assessments at $25 million.

READ MORE: Huge business center proposed for Kelowna Airport Industrial Park

In December, the Mission Group spent $24 million on the former BC Tree Fruits site next to Tolko Industries grounds in Kelowna. At that time, it was considered the highest price paid for industrial land in Kelowna’s history.

This property includes an 89,000 square foot building near Okanagan Lake while Beedie’s purchase was for bare land in a former gravel pit across from Kelowna International Airport.

Beadie has a website where people can register their interest in buying industrial units ranging from 7,640 square feet to 75,100 square feet.

The former Costco site in Kelowna was sold this spring for $31 million. It is zoned commercial but is a similar size at 11.2 acres. It comes with a 135,000 square foot building.

READ MORE: Former Kelowna Costco building sold for $31 million

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