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Category Archives: Commercial Real Estate
Introhive leases space at Bank of Canada Building
75 Prince William Street, Saint John, NB
When Introhive first arrived in Saint John they needed office space quickly which allowed for flexibility while they ramped up their presence in Saint John. Connexion Works provides an ideal short term solution. Once they got a better handle on their growth strategy for this market it became evident that they would need to find a larger and more permanent solution. A search of the local vacant office space uncovered a space that seemed ideal. The space was formerly occupied by DFS Architects and had been completely renovated only 4 years ago. It has a cool modern vibe and a great view of the harbour! Introhive only needed to make a few minor changes to the space to make it perfect for them.
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Introhive is a relationship data science platform for #CRM that drives user adoption and proactively delivers valuable insights about clients and prospects. They now have 16 employees in Saint John. Jerry Carr, Introhive’s CTO commented “We are continuously recruiting and having an awesome office space is a key part of attracting top talent.”
Stephanie Turner represented Introhive as well as DFS Architects and the head-landlord Prince Williams Property ULC in this leasing transaction.
The Bank of Canada building is also FOR SALE. For more info on this investment opportunity CLICK HERE
SOLD – 60 Enterprise Drive, Quispamsis
A 6,600 square foot industrial building sitting on 2.18 acres of land and located in the Hammond River Industrial Park has been sold. The vendor was Price Waterhouse Coopers Limited as Private Receiver of 670558 NB Ltd. The property had garnered a fair amount of interest while listed particularly towards the end of 2018 when multiple offers came in. The successfully buyer is a local company and will be issuing a press release soon. Rumour has it that the building nearby, formerly occupied by Select Kitchen, also traded recently. This is great news for the town of Quispamsis’ Hammond River Industrial Park as it continues to attract investment and diversify it’s business base.
Stephanie Turner represented the seller and Noreen Russell, Royal LePage Atlantic represented the buyer.
E.S. Fox Building Lease Signed
405 King William Road, Saint John
A 24,000+ sq ft industrial building located in the Spruce Lake Industrial Park owned by E.S. Fox has been leased on a short term basis (9-15 months) to a large industrial occupier as swing space to accommodate a refurbishment at the Tenant’s permanent facility. This comes directly on the heals of two earlier short terms leases.
The building was originally built for large component manufacturing and is pretty unique in the market. The ceilings are over 50 feet high and one end of the building opens up like an airplane hanger. The building sits on 27 acres of land in the Spruce Lake Industrial Park and is located in close proximity to the new barge terminal.
There are many reasons why a business may have short term requirements such as contract fulfillment, temporary storage or swing space. Although finding a long term tenant or buyer for the facility is preferred, E.S. Fox is pleased to have found multiple opportunities to lease the space to local businesses requiring short term facilities.
The building remains listed FOR SALE and FOR LEASE to long term tenants when the current short term lease expires.
CBC radio interview re: 91 King & 22 King new owners
Did a 5 minutes interview with Rachel Cave this morning regarding the new owners of 22 King and the old Woolworth building. Did you miss it?
Listen HERE >>> https://www.cbc.ca/listen/shows/information-morning-saint-john/segment/15638796
91 King – View from Charlotte Street
SOLD – 1655 Manawagonish Road
1655 Manawagonish Road, Saint John, NB
Many passers-by believed this brick building was a church due to the signage out front which read “Convention of Atlantic Baptist Churches” but it was purpose built in 1981 as a two story office building. After several years on the market, the property was sold late last week. The property was sold to Unifor and new owners plan to continue to use it as an office building.
Stephanie Turner represented the Seller and Mike Hosford, Colliers Moncton, represented the Buyer.
75 Prince William LOCATION LOCATION LOCATION
AUGUST, 2018. The old adage that location is key still hold true. With the recent announcement of the new museum on the Saint John waterfront, 75 Prince William Street has it in spades.
According to the CBC story “The “landmark” four-storey, 120,000 square foot building [museum] is intended to present a glass and terra cotta front on two sides facing the harbour and Market Square, and a more traditional look toward the uptown.”
The story goes on to say “The museum is intended to be the first piece for the long anticipated Fundy Quay development, which could someday include residential and commercial projects on the waterfront next to Market Square.”
Check out the aerial view of the immediate area below and find out more about the opportunity at 75 PRINCE WILLIAM STREET (SOLD)
SOLD – 384 Lancaster Avenue
Pure Nature’s Wellness Inc., a wholly owned subsidiary of Aphria Inc., has finalized the purchase of 384 Lancaster Ave in west Saint John. The property will be used in the future as a laboratory for the testing and production of medicinal cannabis oils. In a recent CBC story, Ian Scott, Aphria’s Product Development Officer, said “This facility will be staffed with chemists, scientists, laboratory technicians, research and development experts as well as all the required process and packaging support staff.”
In order to allow for the use, the property was successfully rezoned to “Business Park Commercial” with the added condition the property is not to be used in future for anything other than a cannabis processing facility. Rick Turner of Hughes Surveys in Saint John assisted Aphria with the logistics of the re-zoning application and public consultation to address any local concerns.
Early on, the Province of New Brunswick recognized this relatively new and fast growing industry as an opportunity for our province and have been proactive in their efforts to attract cannabis related businesses to NB. Steve Milbury of Opportunities New Brunswick, the province’s economic development agency, was involved in attracting Aphria to our province and helped support Aphria in their efforts to get the Lancaster property re-zoned for their use.
Stephanie Turner represented both the Sellers and Buyers in this commercial real estate transaction.
Hub International now at corner of King and Germain
77 Germain Street (a.k.a 40 King Street), Saint John
In December of 2017 Hub International were approached by a local business about selling their property on Duke Street Uptown. This created a great opportunity for them to upgrade their location and stay in the Uptown Saint John core. Hub International Atlantic is a division of Canada’s largest insurance broker, and specializes in Commercial Insurance, Group Benefits, and Personal Insurance. According to Neil Josselyn “Our Saint John location has 15+ employees, and we represent every major insurance company in Canada.” Josselyn further explained “Our team had outgrown our Duke Street location, however we wanted to stay Uptown, and toured a number of different options. We decided that the sub-let opportunity on the 5th floor at the corner of King and Germain was the perfect location for us to call our new home.” Locals will know this building as home to many of Saint John’s local economic development agencies including Enterprise Saint John and the Chamber of Commerce.
The top priority in a new space was to get all of their staff on one level, while working in an open concept office environment. This space on Germain Street offered this and more. The space has a modern kitchen, a recently redone office with up-to-date I.T. infrastructure. However it maintained exposed brick walls and the radiators from the building’s past. Josselyn went on to say “The location is incredible, offering views of both King Square and Saint John Harbour, all while being across the street from the City Market, and pedway system.”
Stephanie Turner was the listing agent and also acted as Hub International’s local Tenant Representative in negotiating the sub-lease.
Saint John’s First Boutique Hostel Experience…Coming June 2018
36 Water Street, Saint John, New Brunswick
BunkHaus Boutique Hostel
After learning of different boutique hostels popping up around the world, Ingrid Woodhouse was inspired to create her very own hostel business here in New Brunswick. And, although there was no doubt from the beginning that Uptown Saint John was the best location for BunkHaus, it took some time to find the perfect spot.
“I looked at a few places but it wasn’t until we walked into 36 Water Street that I knew the hostel had found a home,” says Ingrid. “It has a beautiful exposed brick wall that really showcases our city’s character, huge storefront windows that let in tons of natural light, it’s uptown on a ground floor, has high ceilings, and it even has my ideal footprint of 2500sq ft. It was a total homerun.”
Ingrid hopes that BunkHaus will help draw more travelers to the city and is excited to bring affordable yet chic accommodations to the Uptown core. The hostel will offer both private rooms and custom timber-frame bunks with stair access the top beds. As for the common area there will be a fresh new communal kitchen, long harvest table for sharing meals, and a lounge area for guests to relax and meet one another. The addition of a minibar as well as an outdoor patio with hammocks and heat lamps are also part of the plan but will come later. On-site laundry and free Wi-Fi will be vailable too.
With traditional Saint John architecture of 12ft high ceilings, exposed brick, and large windows, there will be no problem making this space a home using local art, plants, and comfortable Scandinavian-inspired furnishings. Guests will feel right at home here as they share meals, music, and memories together in the communal spaces designed to bring people together.
“We’re incredibly delighted to see the BunkHaus coming uptown and look forward to the grand opening. Without a doubt, this will be another great addition to the neighborhood. Not only will this be very high quality, it will also satisfy a need in the marketplace. We congratulate Ingrid on her vision and for seizing the opportunity,” says Keith Brideau of Historica Developments.
To follow renovations and keep up-to-date with news and future offers, follow @BunkHausHostel on Facebook and Instagram.
WEBSITE COMING SOON at www.bunkhaushostel.com.
Stephanie Turner worked with Ingrid to find the perfect space and represented BunkHaus in the negotiations in the Landlord, Historica Developments.
Breakout moving from Rothesay Ave to Parkway Mall
212 McAllister Drive, Saint John, New Brunswick
Photo Courtesy of Breakout Saint John
If you’ve driven by Parkway Mall recently you may have noticed a new sign. Breakout Saint John announced today that they are moving from their current location on Rothesay Avenue to this new location. They leased a portion of the former liquor store. Breakout Saint John is an award-winning entertainment and team-building company that offers themed escape room games. This area of east Saint John is well known as a high traffic retail node and provides them with much better visibility.
Julia Pugley, President, issued a Press Release in which she said “Not only does this mean a larger and more central location for this popular local business, it also includes the much-anticipated launch of all-new escape rooms and puzzles.” This is great news for fans of Breakout!
Breakout’s next new room is slated to open before the end of May and the company also plans to announce an official grand opening in the coming weeks. Visit their website: www.breakoutsaintjohn.ca
Stephanie Turner represented the Tenant in the negotiations with Tidan Inc., the owners of Parkway Mall.
Saint John Commercial Real Estate 