BC Tree Fruitssa国际传媒� downtown Kelowna office has officially been sold.

HM Commercial Group announced the property at 1473 Water Street has sold for more than $7.5 million sa国际传媒� more than 44 per cent higher than the $5.2-million asking price.

BC Tree Fruitssa国际传媒� top brass admitted it was looking into the sale of the historic building in an interview with the Capital News at the end of September.

sa国际传媒淚t was a very difficult decisionsa国际传媒� it is an iconic building,sa国际传媒� said Warren Sarafinchan, Chief Executive Officer of the BC Tree Fruits Cooperative. sa国际传媒淭he cooperative is in the process of transforming our business, and it was a decision that was necessary.sa国际传媒�

At the time, Sarafinchan said he was sa国际传媒榮hocked and overwhelmedsa国际传媒� by the amount of interest in the building. That interest resulted in six offers on the property since it was listed on Oct. 1 sa国际传媒� three of which were above the asking price.

HM stated the undisclosed buyer from the Lower Mainland indicates there are no immediate plans for the property and they will be seeking a replacement tenant until redevelopment plans are finalized.

The property offers a 13,600-square-foot building on 0.275 acres. The City of Kelownasa国际传媒檚 official community plan indicates support for up to 19 storeys in this location.

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Do you have something to add to this story, or something else we should report on? Email: michael.rodriguez@kelownacapnews.com

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