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405 King William is SOLD

This high quality industrial building was built in 2004 by Bourque Industrial and was later sold in 2009 to E.S. Fox Limited.

Located in the Spruce Lake Industrial Park and listed for $2,995,000, the 26,000+ square foot building sits on 27 acres of land (7 acres fenced and secured) and boast impressive 54′ ceilings, 4 cranes and in-floor radiant heat. The end of the building features a 40′ x 60′ folding “hanger” style door.

Although E.S. Fox has not used the building for several years, the property has been leased to a variety of local businesses. Tenants such as Lorneville Mechanical, Irving Oil and MSI Marine have all occupied the building for project based work in recent years.

The closing occurred on December 18th, 2020

Stephanie Turner of Brunswick Brokers was the listing agent.

How will COVID-19 impact the work environment?

The pandemic has had a dramatic impact on the way we work. Many are still working from home and Zoom calls are the new meeting standard. Although we are learning to interact in this way, it’s a poor substitute for an in-person meeting. The conversation just doesn’t flow as well. That being said…most of us have gotten used to it and it has become the “new normal”. Are you sick of that expression yet?


Two recent articles published on the on-line Real Estate News Exchange talks about the Top-6 Ways the workplace is changing post-COVID-19. Their thoughts on this include:

  1. Communications technology will get better – and fast
  2. Employees will want to continue working from home, but only for part of the week
  3. The physical office will still have its place, albeit with a few modifications
  4. Buildings will focus more on health and wellness
  5. The workplace itself is likely to change dramatically
  6. Amenities within buildings will also likely change

One of the passages that really resonated with me related to office space use. The article said “Thirty years of workplace densification is likely to reverse course, to some degree.” and went on to say…

Today, most companies offer either a dedicated (assigned offices/workstations) or agile (unassigned seating) environment.

We may very well see the introduction of “semi-assigned” seating that will have small groups with compatible hybrid work schedules sharing private offices with colleagues with whom they are comfortable. This solution could be the balance of cost-efficiency and the productivity benefits of a dedicated, private workspace.

While there will be a greater demand for individual workspaces and potential shifts in workplace accommodation, the role of collaborative spaces in the office environment will not only stay intact but become more integral.

Read the entire two articles PART I and PART II

I know this is not an easy period we are weathering. Please use me as a resource for any questions or concerns you may have about the commercial real estate market. If/when you are ready to look at properties, please know that we have COVID protocols in place to keep you safe and for contract tracing should the need arise. In the meantime, ask about what we can do virtually!

LEASED – 1000 Sandy Point Road

1000 Sandy Point Road, Unit 4, Saint John, New Brunswick

Cooke Insurance identified a need for new office space back in the fall of 2019. Although they didn’t plan to move in until summer 2020, they wasted no time in starting their search. Through a process of elimination they landed on 1000 Sandy Point Road. This commercial strip mall was newly constructed and the ground floor unit they chose had never been occupied. “Being able to customize the space to exactly our needs helps make the square footage work for us in the most efficient way possible” says Jeff Cooke.

“We are thrilled with the space. We got everything on our wish list and more” says local Cooke representative Andrea Ferris. “The landlord was amazing to work with. The level of finishes are class A.”

1000 Sandy Point Road is a multi-unit commercial strip mall located in Millidgeville next to Cedarcrest Gardens. The Saint John Real Estate Board also leases office space in the development. 2,000 sq ft of ground floor space remains available.


GALLERY  – PHOTOS OF FINISHED SPACE

Stephanie Turner represented the Tenant (Cooke Insurance) and Peter Pappas (owner and licensed Realtor® with Re/Max) acted as the Listing Agent. 

Who is Brunswick Brokers?

Some of you have seen the news that the Saint John & Moncton offices of Partners Global have rebranded. Back in 2015, just about the time I joined the brokerage, Brunswick Brokers Limited created an alliance with Halifax based Partners Global Corporate Real Estate. After a five year partnership, it was determined that it was time for each company to stand on it’s own again.

With the help of local company Bonfire, we developed a new logo which was the launching point for our whole new look. We hired a local in-house marketing resource, rolled out a new website www.bbrokers.ca, new email addresses and new signage. Otherwise, It’s business as usual in Saint John!

DON’T FORGET TO UPDATE MY EMAIL ADDRESS! It’s now sturner@bbrokers.ca and watch for our new signs out in the market now!

LEASED – 30 Whitebone

30 Whitebone Way, Unit 3, Saint John, New Brunswick

McCoy Turnkey Construction just signed the lease on this industrial/commercial space in the McAllister Industrial Park. Earlier this year the company leased a small warehouse in the sister building (34 Whitebone) located next door. “The company is growing and we are busting at the seams in our current space” says Mike McCoy, owner. “Adding to our infrastructure here in Saint John will help us ramp up to the demand on our crews. We’re also looking to expand in Fredericton.”

The demand for residential and commercial construction projects has been brisk despite the pandemic.

Stephanie Turner represented both McCoy Turnkey Construction and the Landlord (Broadway Place Ltd) in this commercial real estate transaction. 

Broadway Place Ltd. is a New Brunswick based commercial real estate holding company  They currently own over 420,000 sq ft of building space throughout New Brunswick.

VIRTUAL TOUR – 855 Bayside

855 Bayside Drive, Saint John, New Brunswick
14,000+sq ft Industrial Warehouse available immediate for sub-lease or purchase. 

Tour properties from the comfort of your desk/home/favourite coffee shop!
More virtual tours coming soon…

CLICK IMAGE BELOW TO TOUR THE FACILTY

For more information on this property CLICK HERE.
Listed by Stephanie Turner. Phone: (506) 333-3442 or email: sturner@bbrokers.ca