It’s a generational investment opportunity for a myriad of different business sectors, situated in one of Canada’s most desirable locations.
TERRA by Beedie is the last available parcel of commercially zoned land with Highway 1 frontage between Uptown and the Malahat in Greater Victoria.
This prime location is ideal for businesses in Metro Vancouver and across B.C. who are looking to expand to the Island and set their sights on some of the most desirable commercial land available across southern Vancouver Island.
TERRA is envisioned as a business park with a wide mix of potential user types: hotel operators, auto dealers, building supply companies, shipping and logistics companies, medium to large retail operations, large format restaurants, transportation services and more.
“TERRA is truly a once-in-a-lifetime opportunity for owner-occupiers,” says CBRE Victoria Senior Vice President Chris Rust. “Sites like this simply do not become available often, if ever.”
Zoned for mixed-use employment, TERRA offers flexible building footprints ranging from 10,000 to over 350,000 square feet. Marketed as distinct opportunities, TERRA West features five lots ranging from 1 to 2.5 acres, which can be combined to meet larger requirements. Meanwhile, TERRA East provides up to 20 acres of land available for sale or lease. Every lot will be delivered fully serviced, graded and shovel-ready.
When put in context, it’s a site that perfectly suits industrial users in need of warehousing and logistics who would benefit from the central location, vehicular access to the highway and scale of the site. Medium to large scale retail users would benefit from the commuting traffic, visibility of the site and synergy of other operating businesses in the project.
TERRA’s central location is perhaps its greatest asset: exceptional Highway 1 frontage going North-South; significant visibility and brand development opportunities with 60,000 vehicles passing by daily; unique scalability and convenient access via northbound and southbound Highway 1 offramps.
The site also offers unparalleled connectivity to all of Greater Victoria’s communities: 15 minutes to Victoria; one minute to Langford; four minutes to Bear Mountain and two minutes to the foot of the Malahat which heads north to the mid-island.
Meanwhile, the potential wins associated with owning at TERRA border on limitless: bypassing lease renegotiations, stability in ownership, equity building capacity and full control over decision making.
“The benefits of owning land of this nature are immeasurable,” says CBRE Victoria Senior Vice President Ross Marshall. “The ability to develop a facility that is perfectly suited to your unique requirements allows your operation to thrive at its full capacity.”
And then there’s the trust factor. Established in 1954, Beedie has grown from humble roots to become one of the largest private industrial developers and property managers in Canada, having completed more than 35 million square feet of industrial construction across the nation.
"We’re excited to bring this rare land opportunity to Langford, offering shovel-ready lots for sale,” says Beedie’s Senior Industrial Sales Manager James Starke. “With earthworks on track, the first lots will be ready by April 2025. TERRA is designed to the highest standards, with exceptional landscaping and state-of-the-art infrastructure, setting the stage for a world-class business park that will become one of the island’s most sought-after business locations.”
For more information, visit terrabybeedie.com.
