Located at a busy intersection within walking distance of downtown Port Coquitlam, Shaughnessy Station lies 30 kilometres east of Vancouver. Port Coquitlam has a strong middle-income residential base (it is home to 558,612residents), and a thriving industrial base.
The centre comprised of 115,000 square feet of retail and office space shadow anchored by Safeway Foods is occupied by such tenants as Shoppers Drugmart, McDonalds, Earls Restaurant and Bank of Nova Scotia..
At the time of investment in 2002, the BC marketplace and economy were weak, and the property offered significant yield. Anticipating a stronger future market, Terracap acquired the property , adding to its geographically diverse portfolio.
After renovations in 2012, Shaughnessy is almost fully leased at 92.5% with solid tenancies, provides services such as banking, medical and dental, grocery and pharmacy, restaurants, pet services, fitness and beauty, and computer services. The property is scheduled for a further phased upgrade in 2018.
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