Prude Inc Saint John previously operated at 165 Union Street but the location was no longer meeting their needs “We decided it was time to leave the Waterloo Village area in favour of a location that was professional and where our clients would feel safe and welcome accessing our services.” Explained Karen Hachey, president of the Board of Directors. 

“We had been looking for new office space for a few months and it was challenging, a decision to reach out for professional assistance led to the decision to engage Brock Turner to assist our team with the search. Brock took the time to understand our needs and then introduced us to the Waterside Suites at Market Square which we fell in love with.”

There is a lot of vacant office space in Saint John which can make finding new space overwhelming. It’s also advantageous to find space that has tenant improvements in place that can be reused. This helps keeps renovations to a minimum and in turn keeps rents reasonable. “Being a non-profit presents unique challenges in leasing space long term. Brock helped us negotiate lease terms that worked for our organization.” 

“We are excited to be part of the Saint John waterfront revitalization and look forward to welcoming newcomers, clients and community partners to our new facility soon”. 

PRUDE Inc focuses on education of both newcomers and Canadian-born individuals, youth, and communities. PRUDE Inc was incorporated in the City of Saint John, New Brunswick, in 1981. The organization is dedicated to the full participation of all cultural communities in the social, cultural, and economic fabric of mainstream New Brunswick life.    https://www.prudeinc.org

Brock Turner provided Tenant Representation services to PRUDE Inc 

Are you looking for new office space in Saint John? Contact Brock Turner today to discuss your needs. There is no cost to the tenant. We are compensated by the landlord when a lease is signed. 

Brock Turner, Commercial Real Estate Advisor
(506) 608-8747

Saint John, August 14th, 2024 – Nobel Real Estate Investment Trust (REIT), the owners of the iconic Place 400 at 400 Main Street, have been busy exploring the future of this landmark property. The 160,000 square foot building, situated on 3.2 acres of prime land, has been on the market for just over a year.

Originally, there was significant interest in converting the building into a residential development. However, after discussions with several developers and industry experts, it was determined that the conversion would be far more challenging and costly than initially anticipated. This conclusion aligns with a broader trend across Canada, where the conversion of vacant office buildings into residential spaces is proving to be a cost-prohibitive endeavor due to the substantial retrofitting required.

Given these insights, it was concluded that the highest and best use for the 3.2-acre site is to secure a buyer to demolish the existing structure and develop a brand-new high-rise residential development. Initial investigations indicate that with a rezoning to “High Rise Residential”, the site could accommodate up to 300 residential units. “Although further investigation is required, we picture three apartment towers to be built in phases” commented Stephanie Turner

The property’s strategic location at the gateway to uptown Saint John offers unparalleled access to the highway and all city areas. It is just steps away from the Harbour Passage walking trails and a short 15-minute walk to the uptown waterfront. The site promises stunning views of the Saint John harbour, visiting cruise ships, and the beautifully lit city skyline and Harbour Bridge at night.

To reflect the property’s potential as a premier development parcel, the asking price has been cut in half from $6.2 million to $3.1 million. This adjustment underscores the value of the land itself and offers a unique opportunity for developers to secure one of the last large development parcels close to the city’s core.

Interested parties are encouraged to contact us more information on this exceptional opportunity. The sale of Place 400 marks a pivotal moment in the continued growth and development of uptown Saint John and the north end of the city.

Stephanie Turner 
Senior Advisor
www.SJcommercialRE.com
C (506) 333-3442

The Hill real estate development family, based in Fredericton, is making a shift in their business focus. They have listed their portfolio of retail assets in Fredericton New Brunswick with the aim of channeling their resources and efforts into expanding residential offerings around their 400 acre golf course.

“Hill Brothers are first and foremost developers. The disposition of our retail assets is a strategic move to allow us to invest more heavily in the residential growth of our West Hills Golf Course. We are not in a rush to sell the retail portfolio. That said, given that the debt on the assets is at a preferential interest rate, we felt this would be a great time to bring it to market.”  ~ Darren Hill, Hill Bros Ltd

The retail portfolio comprises 80,000 square feet of retail/commercial space and a development-ready pad site. The properties are 100% leased to a solid mix of national, regional and local tenants including popular brands like Tim Hortons, Subway, and Pita Pit.

The commercial/retail strip malls are located at 1050 Douglas Avenue, 500-530 Brookside Drive, 1012 Prospect Street and all offer high visibility, efficient property management, and access to a robust local population from many Fredericton North and South Side neighbourhoods as well as and highway traffic. With easy access and drive-by exposure, this portfolio represents a strong investment opportunity. The assets are listed for $22,000,000.

Interested parties can contact:

Stephanie Turner

(506) 333-3442

sturner@cwatlantic.com

I’m visiting Calgary this week and meeting with clients. One thing that is evident in this market is “The flight to quality” is bringing about a major shift in the industry. There’s a collective desire to bring people back together for collaboration and innovation, driving the demand for flexible, amenity-rich quality workspaces.

Take The Ampersand in downtown Calgary for example… a class A complex featuring three 28 storey towers offering over 1.1 million square feet of space between them. Amenities include a conference centre, fitness centre, indoor food trucks, golf simulator, day care, dog patios and much more!

In a historically tight labor market, the competition to attract and retain top talent remains exceedingly fierce. Thus, companies are recognizing the importance of providing exceptional workplace environments to ensure they remain desirable destinations for skilled professionals.

When searching for new office space, tenants are often conflicted between their desire for shorter, more flexible lease terms that cater to uncertain workplace dynamics, and the availability of the spaces that meet their wants & needs. Quality office space requires capital investment but then inherently, the shorter the lease, the more expensive it is for the tenant. It’s about finding balance and working in partnership with landlord. The landlord/tenant relationship has long been mostly transactional, and at times even adversarial. Fortunately, I’m seeing it more and more become one of cooperation and partnership.

Do you want higher quality workspace for your team? Contact us today…

In today’s ever-evolving work environment, the focus is on creating spaces that prioritize both the well-being of occupants and the sustainability of our planet. Modern office design integrates wellness initiatives and sustainable practices to promote physical and mental health while minimizing environmental impact.

Emphasis on Wellness and Sustainability:

Employers understand the importance of fostering a healthy work environment. In response, office designs now incorporate features such as ergonomic furniture, ample natural lighting, green spaces, and even fitness facilities. These elements contribute to physical well-being and promote a positive atmosphere conducive to productivity and creativity. Sustainability is also at the forefront, with eco-friendly materials, energy-efficient systems, and waste reduction measures becoming standard practices. By aligning workspace design with wellness and sustainability principles, businesses are not only enhancing the experience for employees but also demonstrating their commitment to environmental responsibility.

Technology Integration:

Advancements in technology are revolutionizing how we interact with our workspaces. Smart offices equipped with high-tech devices, cloud-based collaboration tools, and digital platforms are enhancing productivity, connectivity, and efficiency. Automation, such as automated temperature control, and virtual meeting solutions streamline operations, making work processes smoother and more seamless. By integrating technology into office design, businesses are adapting to the digital age and providing employees with the tools they need to thrive in a modern work environment.

Hybrid Work Models:

The COVID-19 pandemic accelerated the adoption of hybrid work models, blending remote and in-office work arrangements. As businesses embrace this flexibility, office design is evolving to support a hybrid workforce. Agile workspaces featuring hot desks, collaboration zones, and virtual meeting rooms accommodate employees’ diverse work preferences while maintaining company culture and fostering collaboration. This shift towards hybrid work models reflects a recognition of the changing nature of work and the need for adaptable office spaces that can cater to different working styles and preferences.

Conclusion:

The future of workspaces is characterized by innovation, flexibility, and a commitment to meeting the evolving needs of businesses and employees. By prioritizing wellness and sustainability, integrating technology, and embracing hybrid work models, businesses are reimagining the way we work and creating environments that empower individuals and organizations to thrive. As we continue to adapt to a rapidly changing world, let us seize the opportunity to shape workspaces that inspire creativity, promote well-being, and contribute to a sustainable future.

Are you thinking of new office space? Contact us today…

One Magazine Street, Saint John, NB also known as “The Jacquelin Premises,” has been sold to Maritime Medical 1 Ltd. The three-story brick building, nestled in the north end of Saint John and boasting picturesque views of the harbour and Fort LaTour, is a stunning example of newer construction that is in keeping with the rich architectural history of Saint John.  

Constructed in 2004 by AGSD Investments Ltd, under the ownership of Dr. Andrea Garland, One Magazine Street is a symbol of great design and quality construction. The building, which features a distinctive rounded corner, has been meticulously maintained and has garnered praise for its timeless design. The Jacquelin Premises, at the time of sale, was fully occupied with a diverse range of tenants, many of which are medical professionals.

The building was named for two people, Françoise Marie Jacquelin, a historical figure of the area who defended Fort LaTour and the seller’s mother, Jacqueline Bannister Garland. According to Dr. Andrea Garland “She was an independent hard-working woman who recognized and fought for equal rights, equal pay among other important things such as spousal rights. She was intelligent, broad minded, kind and welcoming.”

Maritime Medical 1 Ltd, a newly formed company, purchased the building and expressed enthusiasm for the acquisition, highlighting their commitment to maintaining the building’s integrity while exploring ways to enhance its offerings.

Stephanie Turner and Brock Turner represented the Seller and Jonathon Rasenberg of Coldwell Banker Select Realty represented the Buyer.

Did you miss out on this opportunity? Check out 90 Paradise Row which just listed nearby

Interested in more about the history of Francoise Marie Jacquelin read that HERE

44 Chipman Hill, Saint John, NB

We are pleased to announce the successful sub-leasing of 6,123 square feet of office space in suite 310 at 44 Chipman Hill “Brunswick House”  in Saint John, New Brunswick. If you have ever taken the elevators on the 3rd floor of Brunswick House, you may have noticed the eye-catching office suite at the end of the hall.  Mariner Partners had been on the hunt for new space and quickly snapped this up when it hit the market. They relocated their offices from the Brunswick Square office tower late last year. “We are loving our new space! It has a fresh, modern vibe and is just the size we need.” 

The office leasing market had been fairly quiet through the pandemic. That said, we are seeing demand for office space pick up as companies are coming to understand their short to medium term needs as it relates to the leasing of space. We think the hybrid work model is here to stay which means office tenants will be looking for more opportunities for desk sharing/hoteling, as well as more spaces for collaboration and meetings. The aesthetics of the space is more important than ever. Employers want to see employees in the office and offering a beautiful & functional work space is one strategy to entice workers back in to the office.

Stephanie Turner and Brock Turner represented Canada Life on the sub-lease.

Are you in the market for new office space? Reach out today to explore the opportunities.

NGH PROFESSIONAL CORPORATION – EYEDENTITY MEDICAL GROUP has leased space at 133 Prince William Street for a new doctor’s office specializing in ophthalmology.  “Having this uptown location should work very well for us and we look forward to welcoming our patients to the new clinic starting in February, 2024″ said Dr. Georges Hanna. 

133 Prince William Street is known as the Harbour Building and is owned by G.L.C Realty Ltd. It is an 8-story office building located in the central business district of Saint John with views of the waterfront. The building is professionally managed and offers elevator access and covered monthly paid parking for tenants (subject to availability). 

Brock Turner was the listing agent and Christine Stanley of Colliers Represented the Tenant. 

Are you looking for office space?
Contact Brock Turner (506) 608-8747 today to see if 133 Prince William Street might work for you. 

1-3 Gondola Point Road, Rothesay, New Brunswick

The property, which was owned by Bell Canada, was first listed in 2019 and had been on and off the market since that time. The property sold on August 18^th, 2023.

The two buildings located at “Rothesay Corner” were purchased by Rothesay Heritage Company Ltd. Locals may have noticed recent activity on the property as renovations are underway.

Strategically located in the heart of Rothesay’s business core near the Rothesay Commons. The property consists of 2 buildings and a portion of the rear parking lot which Bell subdivided off of a larger PID. Bell continues to own and operated out of the building and lot immediately behind the subject property.  1 Gondola Point sat vacant for several years. It served most recently as offices for Sunlife and before that was the Benjamin Bookstore. Long time residents of Rothesay have mentioned that it was a general store decades ago and they can remember, as children, purchasing penny candy there.  It was built in the early 1900’s and is designated heritage. The smaller one story building next door, circa 1940, does not carry the heritage designation.

Stephanie Turner and Brock Turner were the listing agents. Jane Gershon of Plan B/Keller Williams represented the buyer’s side.  

384 Lancaster Avenue, Saint John, NB

It was reported today in the on-line news portal AllNB that JYSK got unanimous support from Saint John council to rezone 384 Lancaster Avenue for its planned retail store at this address on Saint John’s west side. The rezoning still needs to pass 3rd & final reading. According to JYSK, they’re ready to start the renovations as soon as they get the green light and expect to open in the spring of 2024.

When the property sold last year STORY HERE, I was sworn to secrecy, but the good news got out fairly quickly after the sale closed and JYSK was reported as the new property owner.

The first JYSK store in Canada was opened in 1996 in Coquitlam, British Columbia. Today JYSK operates over 60 stores in Canada, including locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. With a passion for Scandinavian design, their products range from furniture to accessories, including mattresses, bedding, and outdoor products.
SOURCE: www.jysk.ca  

Stephanie Turner represented the Seller when JYSK purchased the property.  No cooperating agent was involved.