Major Industrial Development in Fraser Valley Reaches Full Occupancy on Fourth Building

QuadReal and Hungerford Properties have fully leased the 71,000-square-foot Building 11 at Xchange Business Park in Abbotsford, marking the completion of the fourth occupied structure at the 140-acre industrial development. White Cap, the primary tenant, secured approximately 35,000 square feet with an expected move-in in early 2027, while a second unnamed tenant occupies the remaining space. The leasing brings total completed and occupied space at the park to over 365,000 square feet as the partners continue work toward the ultimate 1.3-million-square-foot buildout across 11 buildings.

Xchange Business Park represents a significant expansion of industrial real estate capacity in the Fraser Valley region. The 140-acre site, developed by QuadReal and Hungerford Properties, is progressing through a phased buildout plan targeting 1.3 million square feet across 11 structures. With Building 11's completion, the partners have now delivered over 365,000 square feet of occupied space, demonstrating sustained demand for modern industrial facilities in the area.

White Cap's commitment to approximately half of Building 11's space, with occupancy targeted for early 2027, underscores tenant interest in the location. The project's success reflects broader trends in Fraser Valley industrial development, particularly as the region has become increasingly scarce for large-scale developable land north of Highway 1. Colliers' leasing activity across multiple buildings indicates active market participation from regional and potentially national operators.