On August 14th, when Nobel REIT cut the price of 400 Main Street in Saint John in half from $6.2 million to $3.1 M, R2 Capital tied up the property. After 2 months of intensive due diligence, Brock Rogerson and his investors are now confident that they can turn the property around.

“We have big plans for Place 400 and expect to invest heavily in the property over the next two years addressing any deferred maintenance and working with tenants to build out beautiful, functional spaces.” Said Rogerson. The property is located with easy access to all areas of the city, offers free parking, nearby amenities and a quick walk via harbour passage to the newly redeveloped waterfront.

The sale is scheduled to close November 29th.

Are you interested in leasing space in Place 400? Call Stephanie Turner or Brock Turner to discuss our Tenant Representation services. There’s no cost to the tenant. Have a broker on your side to help you negotiate the best terms for your business!