BC Tree Fruits Cooperative has sold its warehouse in Kelowna for $23.8 million. The 858 Ellis Street address was purchased by local development company, Mission Group. The deal is expected to close in March 2022. 

According to local news reports, this transaction brings the cooperative’s real estate divestments to $38.5 million since 2020. The headquarters in downtown Kelowna sold for $7.5 million. And its Osoyoos packing house brought $7.5 million. 

The sale came in nearly $4 million over the listing price of $20 million, reflecting the dynamic real estate market in Kelowna which is undergoing redevelopment. The prime, industrial location is expected to be part of an eventual makeover of that area of Kelowna.