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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 of Partners Global 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, Partners Global was the Listing Agent and Milad Debly, Century 21 represented the Buyer.
819 Millidge Ave, Saint John, New Brunswick
Site of the former Mission Church (St John the Baptist & St Clement)
Two signs have recently appeared at the corner of Millidge Avenue and Daniel Drive in Millidgeville. Work is now scheduled to begin on a $17-million multi-residential development called “SEA Bird Suites”.
According to the sign, the demolition of the existing church and rectory will start on March 23rd and is estimated to last approximately 10 days. Anyone interested in the development can contact Stephen: 647-3228
Stephanie Turner, Partners Global, represented both the seller and the buyer on the 1.94 acre property acquisition.
295 Bayside Drive, Saint John, New Brunswick
The Saint John SPCA Animal Rescue needs a new home and are seeking community support.
Their current facility located at 295 Bayside Drive no longer meets their long term requirements. The facility has been listed FOR SALE but finding a buyer for this property is only the beginning. The search for a new location along with securing the necessary capital are key to the success of their relocation strategy. Please follow them on FACEBOOK or watch their WEBSITE. Information will be posted in the coming weeks regarding this exciting initiative!
The SJ SPCA Animal Rescue is non-profit and provides rescue, temporary housing, care and assistance to stray and unwanted animals in our community. They do their best to find loving, caring and responsible forever homes for all of the animals in their care. They also attempt to educate our community about responsible pet ownership and the humane treatment of animals.
Stephanie Turner, Partners Global is the Listing Agent for their current facility at 295 Bayside Drive.
819 Millidge Avenue, Saint John, NB
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, Partners Global represented both the Seller and the Buyer
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, Partners Global Corporate Real Estate represented the seller and Noreen Russell, Royal LePage Atlantic represented the buyer.
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.
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, Partners Global, represented the Seller and Mike Hosford, Colliers Moncton, represented the Buyer.