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Category Archives: Commercial Real Estate
CAM Leases Flex Space at 604 Rothesay Ave
We are pleased to announce that they have successfully brokered a lease deal between Creative Art Multimedia Inc. (CAM) and Project Group Ltd for 4,183 square feet of office/commercial flex space at 604 Rothesay Avenue. Built in 1912 as a car manufacturing facility, this beautiful building known as “The Maritime Singer Building” has been painstakingly redeveloped as modern commercial space all while maintaining much of its original unique character. The space featured high ceilings, exposed brick and beams, large energy efficient windows and in-floor radiant heat. Even the original 2 ton overhead crane is still in place.
According to Steve Belyea, owner of the building, “Very few people from Saint John know the history of the car that was made here”. The Maritime Singer Six car was a luxury vehicle assembled at this location in 1913 and 1914. It is believed that none of the cars survive today. “The tenant Creative Art Multimedia Inc.(CAM) was an ideal fit for the property. It’s important to me that the history of the building be preserved and I thought CAM was such a good fit because, among other things, CAM is specialized in “TRANSPORTATION DESIGN ” and currently they are designing a prototype of new EV Ford F150 Raptor from this facility.
Winston Mendez (Founder & CEO) and Kamran Mohammed (Co-Founder & Managing Director) of CAM Institute of Design & Studio: “From the time we saw the building, we just fell in love with the space. We knew it would set the perfect tone for the launch of CAM, the first advanced design institute in Atlantic Canada that offers students a chance to work in the industry while completing their program. Additionally, the unique architecture of the building would set for the perfect backdrop for our latest design tools and technologies available for students.” According to their website, “CAM Institute of Design & Studio is a one-of-a-kind institute in Atlantic Canada to offer a combination of Communication and Industrial design programs. With over 25 years of collective experience, our team has curated a unique learning curriculum that prepares students to succeed in the continually evolving design industry. CAM offers programs like Transportation Design, VFX, Animation, Automation & Sculpting, Interior-Furniture & Retail Design, Graphic Design, Product Design and more.”
Check them out on Facebook: https://www.facebook.com/CAMInstituteofDesign or visit www.thecam.ca.
Stephanie Turner brokered the deal.
SOLD: 661 Millidge Ave
We are pleased to announce that 661 Millidge Avenue in Saint John is under new ownership. The 1 story office building, located at the corner of Millidge Avenue and University Avenue has a 26,000 sq ft floorplate as well as a full basement. In addition to the 2.1 acre corner lot on which the building sits, the opportunity included a 2.3 acre surplus parcel across the street. Most of the surplus land is currently a paved parking lot which served as overflow parking for the office building. The property was listed for sale for $2,600,000.
Stephanie Turner was the Listing Agent representing the seller Inmar Promotions Canada Inc., which relocated to another building in the Saint John area. Jonathon Rasenberg of Coldwell Banker represented the buyer in the transaction and is also part owner of the buying group.
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 was the listing agent.
Ami Tea coming soon!
73 King Street, Saint John
A new business is coming to 73 King Street. Located near the top of King Street between the National Bank and Vogue Optical, this small storefront is the perfect location for Ami Tea. Featuring Bubble tea and sandwiches, this chain has locations in Quebec and western Canada.
According to their website Ami Tea “offers you a wide selection of milk teas, fresh teas, and fruity teas. Our bubble tea is not just a drink, it’s an experience that brings people of all different cultures and backgrounds from all over the world together. Ami Tea is a symbol of friendship. Drink bubble tea, have fun, enhance collaboration, and enjoy the delicious taste today!”
In speaking with the new tenant, they hope to be open before Christmas but if not, you will certainly see them in the new year!
Congratulations to the another entrepreneur willing to open a business in uptown Saint John in uncertain times!
Stephanie Turner represented the Landlord (The Gray Group) and Steve Ryan of Coldwell Banker represented the Tenant.
SOLD: 90 Paradise Row
90 Paradise Row, Saint John, New Brunswick
SJ Energy closes on purchase. Plan to relocate Smythe Street substation.
After over a year of searching and after considering at least 16 locations, SJ Energy has purchased 90 Paradise Row in Saint John, NB. The property consists of a commercial building with a gross leasable area of 8,934 square feet sitting on 0.42 acres. The property also includes surplus land of 0.89 acres. This surplus land has been identified as the site of a new SJ Energy substation which will replace the current facility located on Smythe Street by Harbour Passage.
According to a http://www.thewave.ca story which ran back in early August, the Smythe Street substation is at the end of its life. Dana Young, manager of asset management for Saint John Energy, said there are several reasons why they want to build the new substation elsewhere. “The Union substation is currently in a zone that’s at risk of flooding as sea levels continue to rise. 90 Paradise Row is at a higher elevation.”
The property required a rezoning for this use which took a little longer than planned due to COVID and the challenges in holding public hearings. Ultimately the re-zoning was approved and the sale closed at the end of August.
The Smythe Street substation sits on some pretty desirable waterfront real estate. While the substation was at the end of its useful life and at risk of flooding some day, it could also be argued that it was not the highest and best use of that land. Once the new Paradise Row substation is built, SJ Energy will start the process of decommissioning the Smythe Street facilities.
Stephanie Turner represented the purchaser (SJ Energy) in this commercial real estate transaction.
To read the entire story than ran back on August 5th, click the link below
VIRTUAL TOUR – 50 Whitebone, Industrial Warehouse
New technology to help market our commercial listings. Features of tour include floorplan, 3D “dollhouse” with walk around capabilities and measurement tool all accessible from bottom left corner of the software.
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For more info on this Listing Click here>>> 50 Whitebone Way, Saint John
Bank of Canada building SOLD
75 Prince William Street, Saint John, NB
Known as the Bank of Canada Building, the circa 1960’s office building with a mid-century vibe has sold. The property, strategically located at the epicenter of uptown Saint John’s business district, was acquired by an investor from Calgary Alberta. The property traded for $1,680,000
The Seller, Prince Williams Properties ULC, based in California, had owned the building for several years. Strong leasing activity in the building over the last 18 months meant that the building was almost fully occupied with a strong mix of tenants making the property more attractive to investors.
“I really appreciate the expertise and diligence of Stephanie Turner in securing the leases in a challenging environment and ultimately closing the sale on the property. It’s been a pleasure to work with her.” commented the seller.
In their own announcement earlier today, the buyer stated “At 34,500 sq ft and 12 units, it is the largest office building I have bought yet. But what is more impressive is the team of extremely competent pros that made this happen during the chaos of COVID19 over the past couple months.”
Although these are uncertain times, the property boasts tenants in industries such as law, tech and alternative energy which continue to perform well despite the pandemic.
Stephanie Turner was the Listing Agent and Milad Debly, Century 21 represented the Buyer.
SOLD 819 Millidge
819 Millidge Avenue, Saint John, NB
The church, hall and rectory located at the corner of Millidge Ave and Daniel Ave in Millidgeville has been sold. The property consists of 1.94 acres of land ideal for redevelopment.
The transaction closed earlier this week and the buyer is still ensure what the future holds for the property. I’m sure the neighbours will be watching with interest!
Millidge Avenue is a major traffic artery and leads to Saint John’s central business district less than 10 minutes away.
Development in the immediate area consists mainly of single family homes with some commercial/retail developments nearby as well as two senior’s complexes. The Saint John Regional Hospital and the University of New Brunswick Saint John Campus are also located in Millidgeville. From a recreational stand point, Millidgeville is well served with easy access to Rockwood Park (one of the largest municipal parks in Canada) as well as the Royal Kennebeccasis Yacht Club.
Stephanie Turner represented both the Seller and the Buyer
JUST LEASED: 340 King William Road
340 King William Road, Saint John, New Brunswick
A 10,000+ industrial warehouse building and fenced compound in the Spruce Lake Industrial Park has been leased. The Landlord is Sandav Holdings Ltd out of St John’s NFLD. The property has had many used over the years including being the NB home-base for Household Movers & Shippers, a Coca-Cola distribution centre and most recently was leased to GFL Environmental Inc. Upgrades will be performed on the building and lands over the next few months. The new tenants expects to take possession around August 1st of this year.
Stephanie Turner was the listing agent.
Canadian Nuclear Partners sets down roots in Saint John
75 Prince William Street, Saint John, New Brunswick
New office at 75 Prince William Street in the Bank of Canada Building
Canadian Nuclear Partners (CNP), a wholly-owned subsidiary of Ontario Power Generation, was established in 2012 and has grown into a well-respected service provider offering inspection, engineering, asset management, training and consulting services to clients in the power generating sector. With much success in Ontario, CNP has expanded their operations to Saint John, New Brunswick. The new office in Saint John is a welcome addition to the CNP network as it continues to create strong partnerships with various stakeholders in the region.
For CNP’s Vice President, Jason Van Wart, it is an exciting time as he was born and raised in Saint John and looks forward to contributing to the community that was so instrumental to his upbringing. “It is an exciting time for CNP. We are growing on a national and international level. Having an office in Saint John is a wonderful opportunity to give back to the very community that has been an important part of our business and build new opportunities for the future.”
CNP looks forward to delivering on its key values of safety, integrity and excellence to the energy community in New Brunswick.
Stephanie Turner represented both the Landlord and Tenant in this commercial leasing transaction
Saint John Commercial Real Estate 