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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. 

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 

 

NEWS: Juniper Retail Store Opens Uptown

80 Prince William Street, Saint John, New Brunswick

Entrepreneur Katelyn Price had a successful first day yesterday at her new shop on Prince William Street called Juniper. She had identified this storefront as the perfect location back in March of 2020. The day she came in to sign the Offer to Lease, COVID-19 was first hitting the news! With all the uncertainly, she decided to delay signing the Offer in favour of a wait and see approach. Fast forward 3 months and she was ready to sign!

According to the ABOUT section of her Facebook Page, Juniper is “a sustainable lifestyle store”

“Juniper will provide the Saint John community with a convenient avenue of making sustainable and ethical consumer choices. We will carry clothing and skincare, as well as gifts and small home wares.”

Many of you may know the space as the former location of Liquid Gold and most recently ladies fashion store Uptown Vibes. For many years it was the home of the Buckland Gallery. The space has such a great aesthetic with the high/exposed wood ceilings and makes the perfect backdrop for all her beautiful natural products!

Photo courtesy of Juniper

Follow Juniper on FACEBOOK , INSTAGRAM and/or check out her WEBSITE

Meet Katelyn Price and read more about Juniper at huddle.today

Stephanie Turner represented the Tenant (Juniper) in this commercial real estate transaction. The Listing Agent was Bob McVicar, Sutton Realty

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.
Try it now! Click image below!

Screenshot (123)

For more info on this Listing Click here>>> 50 Whitebone Way, Saint John

Converted Malls & Bullpen Environments: Effects on Office Leasing

bull pen exampleAccording to a recent article “Office, industrial vacancies decline across New Brunswick” published in the on-line Real Estate News Exchange.

“There were 43 office buildings with a combined gross leasable area of 2.51 million square feet surveyed in Greater Saint John.”

The overall office vacancy rate in our market decreased from 19.1% in 2018 to 14.07% last year. Despite this improvement, the vacancy rate is still considered higher than is desirable. A couple of explanations were given…

 

“The office market in Saint John is in some ways the victim of the city’s past economic success, which saw a number of urban shopping centres constructed in the 1960s and 1970s,” Baird Allen [manager of Turner Drake’s economic intelligence unit] explained. “When demand for retail space shifted away from these malls, they were converted to office space, so the city has a disproportionate amount of class-C office space for a city of its size.

“This oversupply is a contributing factor to the high vacancy rate. Other factors include the nature of the economy in Saint John, which has a strong industrial focus, as well as broader trends in how office space is utilized — going from individual offices to cubicles, and now to flex space and bullpen environments where employees work in communal spaces that require fewer square feet of office space per person.”

Read the entire article below which provides further insight in the Saint John office & warehouse leasing market as well as stats for Moncton and Fredericton.

Office, industrial vacancies decline across New Brunswick

CenterBeam Place NEW availability!

New leasing availability at CenterBeam Place! 

Old-World Character Combined with New-World Engineering. A much sought-after location for any company seeking an unparalleled work environment of beauty and efficiency.

5,658 sf or 6,633 sf options ready for tenant fit-up.  These ‘brick & beam style’ office suites offer plenty of large windows and natural light, as well as private elevator access

VIEW/DOWNLOAD/PRINT Marketing Flyer HERE

Welcome Hatch to Uptown Saint John

58 King Street, Saint John, New Brunswick

Directly on the heals of Commercial Properties Limited announcing they were moving their offices from the 4th floor of 58 King to a much needed/expanded space at the Red Rose building, we are pleased to confirm that the space has been leased to Hatch. The space is 2,932 square feet (located above the radio station on King Street) and needed very little in the way of leasehold improvements to meet Hatch’s needs. The space has some exposed brick and an open ceiling offering a modern industrial feel while maintaining much of the heritage character of the building.

Hatch supplies engineering, project & construction, business consulting and operational services to the mining, metallurgical, energy and infrastructure industries. They are relocating their office from the Marr Road in Rothesay to the uptown core.

“We see Saint John as a growth market for us and this new location brings us closer to two of our major clients while also providing additional amenities for our staff such as nearby parks, coffee shops and eateries.” commented Lorne Flowers from Hatch.

Please join me in welcoming Hatch to Uptown Saint John.

Stephanie Turner represented the Landlord and Greg Brewster, Colliers represented the Tenant in the transaction.

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