We takes pride in serving the commercial real estate needs of Prince Edward Island based businesses. Our most recently brokered transaction involves the property at 503 University Avenue in Charlottetown. The property has served as the campus for Maritime Christian College for almost three decades. In 2019 the college started a move towards more online learning for its undergraduate and certificate programs, and when the pandemic hit in 2020, the college was able to accelerate its online learning efforts to serve 100% of students in a high-quality online learning environment. The new model worked well and the college was able to expand the number of students it was serving. In early 2022, the Board of Directors for Maritime Christian College decided to reposition the assets of the college by selling the property in Charlottetown. The college engaged us to find them a buyer for the property. The 24,000 square foot building which currently houses the college’s admin offices, classrooms and dorm rooms sits on 3.42 acres of land located directly opposite the entrance to the University of Prince Edward Island. 

Long standing, Charlottetown based company, The Gray Group recognized the potential for residential development for this location and seized the opportunity to acquire the property. With the current rental housing demand they believe redeveloping the property at 503 University Avenue into multifamily, residential dwellings will be the most beneficial use to the community. According to The Gray Group’s President, Trevor MacLeod, “We will be taking considerable time to work with our planners to ensure that a high level of quality and sustainability is met.”

Residential development in the greater Charlottetown area has seen a spike in recent years due to an aging population and a lack of quality, multifamily rental options available. Developers have had considerable success in pre-leasing ahead of building completions, pointing to the high demand for rental units.

“The sale of the physical asset at 503 University Avenue is not one that the college undertook without a lot of deliberation. We decided that our future work in fulfilling our mission is more aligned with a focused online learning environment than in maintaining physical assets.” said Richard Jones, Chief Operating Officer of Maritime Christian College. He went on to say that the college has continued to expand its ability to serve students from around the world with a high-quality online learning experience that is available anywhere, anytime. Based on demand from its partners in other countries, Maritime Christian College has even added a graduate-level degree in 2023.

The College’s administration offices will be relocating to office space at the Sherwood Christian Church at 9 Lilac Avenue in Charlottetown. 

Stephanie Turner represented the seller Maritime Christian College 

We are very happy to announce that we were instrumental in securing a buyer for a 16.56 acre parcel of land off Nason Road in the Silver Falls area of Saint John. The land is currently zoned Future Development and is adjacent to an established multi-unit residential development including Michael Crescent and Martha Drive. This area is popular with renters due to its proximity to retail, restaurants and services. The Land which was owned by the Silver Falls Park Development Company Limited was sold by the estate of the late Harold and Ruth McNamara and purchased by local developers. 

This is the second parcel that we have sold for this vendor. In October of last year, another company purchased a 12.5+ acre parcel of land located near the corner of Commerce Drive and Loch Lomond Road in Saint John, NB. That property is zoned Business Park and the buyers of that land announced plans for a commercial development.   

Stephanie Turner represented the seller Silver Falls Park Development Company Limited

We are pleased to announce the leasing of space at 555 Somerset Street in Saint John, New Brunswick.  The new tenant, BeaconOrtho Ltd specializes in the provision and fitting of prosthetic limbs. Beacon Ortho’s new location will include a best-in class production facility including 3D printing equipment allowing them to design custom prosthetics for clients from all over New Brunswick.

“This location is ideal for us and we have synergies with other medical tenants in the building. We wanted a location that is well located and also accessible for people with disabilities. The property offers things such as curb cutouts and automatic door openers for people with accessibility needs.”

555 Somerset Street is a two-story suburban office building located in the north end of Saint John. Although the building is occupied by a variety of tenants, many of the tenants are doctors and other medical specialists. The Landlord, Somerset Investments Limited owns 555 Somerset and are also the developers of the new high-rise apartment building currently under construction on nearby Technology Drive.

Stephanie Turner & Brock Turner were the listing agents and Jonathon Rasenburg of Coldwell Banker brought the Tenant.

Interested in space at 555 Somerset? Unit 110 is also available. Details HERE

We are pleased to announce the leasing of 507 Main Street in Saint John. Entrepreneur and nightclub operator Sandeep Saini has leased the stand-alone building with plans to open King’s Club Bar & Lounge. Saini operated a night club in Moncton with the same name but sold the business recently to open another one in Saint John. The Saini family are no strangers to the Saint John business community with Sandeep’s family also operating Royal King Taste of India on Union Street and Grand King India Grocery in Parkway Mall.

507 Main Street is known by many locals as “The Main Brace” and is easily recognized by the battle scene mural on the side of the building which was painted in the early 1980’s by prominent Saint John Artist , Ray Butler. The property has had many uses over the decades including a bank, legion and even operated a popular nightclub in the early 2010’s. The street is also famous for the annual Marigolds on Main which sees thousands of children plant a sea of bright marigolds in the median.

The immediate area is rumored to see significant changes in the streetscape over the coming years including a new mixed-use development in the lots next door to 507 Main and a re-engineering of Main Street by the City of Saint John with a reduction in vehicle lanes and the addition of a dedicated cycling lane.

King’s Club Bar & Lounge is scheduled to be open to the public last week of May, 2023.

Brock Turner was the listing agent and Jas Chohan of Royal LePage represented the tenant.

COVID has had some unexpected and positive lasting effects on how we go about daily lives. When it comes to commercial real estate, the obvious one is the new hybrid work model. This new model results in office occupiers often being able to operate the same business with less office space. This new trend means landlords are taking back more space than ever when leases expire. We are also seeing more tenants, who are tied to leases, listing their space for sub-lease. This results in some advantages to tenants who are shopping for new office space.

1. The vacancy rate is high which means landlords are often sharpening their pencils to attract tenants to their vacant spaces.
2. Tenants are comparing market rents being advertised by landlords with sub-lease opportunities which are often discounted or, at least, very negotiable.
3. Tenants have the opportunity to align their physical footprint to their current and future requirements.
4. If downsizing, tenants can save on their monthly overhead or upgrade the quality of their space for the same rent resulting in space that is nicer, smarter or both!

The first step in right-sizing your office is to determine how your current office space is working for you. Once you understand your needs you may realize you need to shrink your space, move or lock the doors and turn off the lights. “Lock the doors and turn off the lights” might seems like a drastic move but if you don’t need the space and can successfully sub-let it, you may be able to drastically cut your losses. If you are tied to a lease but your space is no longer working for you, sub-letting your space is an option. Some landlords, in order to attract you to their building, may even make it attractive for you to move mid-lease.

All this to say… If you have too much space or are in the wrong space, call us to discuss your options.

We are pleased to announce that 241 Union Street, Saint John has sold! The property is located in the Waterloo Village area across from the office building known by locals as “The Golden Ball”. The Union Street property features a ground floor commercial condo and 4 upper floor residential condos which are all currently rented out. The ground floor commercial space is now being renovated by the new owner and will soon be occupied by her business The Vagabond Studios. The Property was one of the earlier small condominium buildings in Saint John, and was very well maintained by the property manager, Leading Edge Property Solutions.

Before acquiring the property, The Vagabond Studio was a vendor at the Area 506 Container Village on Water Street. Rebecca Lavallee, the owner, found success during her time on Water Street but when the village shut down for the season, she went on the hunt for a more permanent location.

The building was previously owned by a corporation controlled by a lawyer in Toronto and who is known to Saint John for his desire to contribute to the improvements of the City; he saw potential in the City and in particular, the Waterloo Village. His business interest also includes a franchise at Brunswick Square known as Print Three which has been in operation since 2008 and he has every interest to expand the business to digital marketing and signage in the near future. He originally bought the building back in 2007, knowing that it has double brick and a steel frame, he gutted all the interiors and modernize the whole building into five spacious condominium units. He is pleased that the property had attracted quite a few prospects, and, in the end, he sold to a buyer with a desire to operate a retail studio on the ground floor which will help contribute to the vibrancy of the area. 

Brock Turner was the Listing Agent. Fran Scott of Royal LePage represented the buyer.  Did you miss out on this opportunity? Call us for an updated list of available properties.

We are pleased to announce that 384 Lancaster Avenue, Saint John has been sold again. The property is located in west Saint John not far from Reversing Falls Bridge and features a 25,000+/- sq ft commercial building on 1.91 acres of land.  Unfortunately, it’s too soon to announce publicly what the new owner’s plans are.

This is the second time this property has traded hands in the past 4 years. It sold previously in 2018 when T4G Limited struck a deal with Nuuvera Inc. As part of the acquisition, Nuuvera had successfully rezoned the property to allow it to be used as a laboratory for the testing and production of medicinal cannabis oils. The property was never used for cannabis processing and in late 2021, the owners determined that the property was no longer required by their company and listed it for sale.

Stephanie Turner was the Listing Agent  

Did you miss out on this opportunity? Call us today to discuss other properties for sale in the Greater Saint John area.

400 MAIN STREET Suite 2080 (PLACE 400)

Up to 10,891 square feet for sub-let with free parking. Space is nicely finished and move-in ready. Large open area, offices, meeting rooms, boardrooms, kitchen and more. Possession in as little as 30 days. Accessible from parking lot via 3 banks of elevators. Head-lease expires December 31st, 2025. Longer term lease may also be available if required. Free paved surface parking.

Sub-lease rates as is starting at $17.00/sq ft GROSS for fully furnished turn-key office space!

CLICK HERE for all the details including floorplan

CLICK BELOW TO VIEW SLIDESHOW OF INTERIOR IMAGES

340 King William Road, Saint John, NB

The warehouse located at the corner of King William and Water Tower Road in the Spruce Lake Industrial Park was leased up in a matter of days after hitting the market. Further evidence that there is a limited amount of warehouse space available in the greater Saint John area that offers the high ceilings and dock loading that warehouse occupiers are often looking for. The 10,480 square foot warehouse saw significant upgrades completed by the previous tenant including upgraded electrical, renovated office space and fully fenced yard. The property will continue to be used for warehousing and distribution. This sector is seeing significant growth in the region due in large part to the success of the Port of Saint John. The Port’s multimillion-dollar expansion was predicted to have a major boost on the region’s economy and we are starting to see this in the market. Experts estimate that the port expansion will increase the region’s GDP by an estimated $300 million to $1 billion and it’s not only Saint John that will benefit! According to Herb Emery, Vaughan Chair in Regional Economics at the University of New Brunswick One, the impact could be as much as six times greater outside of our region.

The property was co-listed for LEASE with Stephanie Turner & Brock Turner

Are you looking for warehouse space in Saint John? contact us today

Stephanie Turner (506) 333-3442
Brock Turner        (506) 608-8747

I developed alopecia areata in 2015. AA is an autoimmune disease which causes patchy baldness. It’s not clear what triggers the condition in some people but once it’s triggered, it’s virtually impossible to un-trigger. There’s no safe effective treatment.

When I first developed AA, I started wearing a wig to hide it. People affected by AA and other forms of alopecia can go through a rollercoaster of emotions such as denial, sadness, anger, acceptance and (at least for me) even gratitude. Gratitude that it only affects my hair and that I can still do all the things I enjoy like working, riding my bike, hiking a trail and climbing a mountain.

Even after I accepted my condition, in an effort to feel “normal”, I continued to wear a wig to work. I treated it like an accessory… like a pretty scarf, jewelry or make-up.  I had nice wigs and I think most people didn’t realize I was wearing a prosthetic but I still had mixed emotions. The choice to wear a wig is complicated by our society that puts a great emphasis on physical appearances. 

During a recent multi-day wilderness hike in Maine, I came to the realization that hiding my condition is just not important to me anymore! I feel comfortable with my shaved head and it’s the right decision for me now. 

September is Alopecia Awareness Month