FOR LEASE Parallel Marketplace - 1920 North Parallel Road Abbotsford, BC - JLL
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FOR Parallel Marketplace
LEASE 1920 North Parallel Road
Abbotsford, BC
Connor O’Keeffe*
Associate Vice President
+1 604 628 4339
connor.okeeffe@am.jll.com
Jordan Curteanu
Senior Sales Associate
Join: +1 604 628 4322
jordan.curteanu@am.jll.com
Parallel Marketplace
Market Overview
Located along North Parallel Road, immediately north of the Trans-Canada Highway,
the shopping centre provides prominent exposure for the retail tenants as well as ease
of access for patrons. With over 69,000 square feet of retail, the centre includes tenants
such as Otter Co-op, Whatcom Wine & Spirits, Anytime Fitness, Bank of Montreal,
and more. Neighboring the shopping centre are the Parallel North and Parallel South
residential developments, which include 55 new residential units with 16 additional
units to be constructed in a future phase.
With a current population of approximately 158,245 residents, and growing rapidly,
Abbotsford is the fifth largest municipality in British Columbia. Abbotsford has a diverse
and thriving economy. Warehousing, transportation, manufacturing, aerospace, retail,
health care, and education all play a vital role within the city’s economy, along with
the traditional food processing and agriculture sectors. Many Abbotsford residents
also work within the city - with the Abbotsford International Airport, Abbotsford
Regional Hospital, as well as three federal prisons providing a significant amount of
job opportunities.
Salient Details Property Highlights
Municipal Address: 1920 North Parallel Road Anchor tenants include: Otter Co-op, Bank of Montreal, Anytime Fitness,
Abbotsford, BC Whatcom Wine & Spirits, and Ellwood Park Animal Hospital
Site Area: 243,064 SF (5.58 acres)
Total GLA: 69,387 SF
Exposure to Highway 1: High traffic volume of 61,584 VPD
Available Area: Unit 110 1,089 SF
Unit 106/108* 2,337 SF
Unit 102 841 SF Primary trade area of Parallel Marketplace Shopping Centre has a total
*can be demised population of 51,989 people
Parking: 289 stalls
Access: All directions access from North Parallel Road
Near Whatcom Road Interchange off Highway 1 – only 700 meters away
Asking Rent: Contact Listing Agents
Additional Rent: $16.89 PSF
1920 North Parallel Road, Abbotsford, BC
Location Overview
15
16 13
14
17
18
7
12 9
20 19 11 10
SUMAS WAY 8
1
HIGHWAY
Parallel North and South Residential Townhouse Development
22 White Spot P D)
38V
8,6
33 Fraserglen Golf Course
(
44
AD
1 (61,548 V
McDonalds, Pizza Hut, Petro-Canada, Tim Hortons
R O
55 E
Esso
AL
DY
OL
66 Sumas Mountain Village: Chevron, RBC, TD Canada Trust, Shoppers Drug Mart, Triple-O’s, Save-On-Foods
77 Clayton Centre: Choices Markets, Panago Pizza, Clayton Liquor Store, 7-Eleven
88 Abbotsford Recreation Centre PD)
99 Abbotsford Village: Save-On-Foods, TD Canada Trust, Boston Pizza, BC Liquor Store, Old Spaghetti Factory
10 Chevron, Shell, Petro-Canada
11 Cactus Club Cafe, Prospera Credit Union, McDonald’s
1
12 Walmart Supercentre, Home Depot
13 Fraser Ridge Shopping Centre
14 McCallum Junction 2
3
15 Abbotsford Regional Hospital
16 Petro-Canada
5 6
17 Abbotsford Centre
18 University of the Fraser Valley 4
19 Abbotsford Power Centre: Lowe’s, Winners, Homesense, PetSmart, Tim Hortons
20 Costco, Mark’s, Kal-Tire, Fountain Tire
Parallel Marketplace
71,251
Population within a 10 minute drive
9.6%
Projected population growth (2017-2022)
$141,330
Average household income within 3km
61,584
Highway 1 vehicles per day
13 minute
Drive to Abbotsford International Airport
7 minute
Drive to University of Fraser Valley
1920 North Parallel Road, Abbotsford, BC
AVAILABLE
AVAILABLE 2,337 SF
1,089 SF
1,574 SF
N
3,940 SF 2,103 SF
2,216 SF
Liquor 4,135 SF
POTENTIAL DEMISE
AVAILABLE - 1,000 SF
1,902 SF
AVAILABLE
841 SF
1,466 SF
4,909 SF
1,493 SF
Medora Dental Care
39,171 SF
4,785 SF
Contact Information
Connor O’Keeffe
Associate Vice President
+1 604 628 4339
connor.okeeffe@am.jll.com
Jordan Curteanu
Senior Sales Associate
+1 604 628 4322
jordan.curteanu@am.jll.com
CANADA
UNITED STATES OF AMERICA
Demographics
1 km 3 km 5 km 10 min Drive
Population 3,414 20,553 58,615 71,251
Households 1,276 6,873 20,641 25,024
Avg. Household Income $120,250 $141,330 $115,042 $103,570
Median Age 42.9 39.5 37.6 38.5
Source: Statistics Canada, 2021
Although information has been obtained from sources deemed reliable, JLL does not make any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any
projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. JLL does not accept any liability for any loss or damage suffered by
any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement with JLL regarding this matter, this information is subject to the terms of that agreement. ©2020. Jones Lang LaSalle IP,
Inc. All rights reserved.
JLL Office - 510 West Georgia Street, Suite 2150, 21st Floor, Vancouver BC V6B 0M3
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