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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.
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
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, Partners Global, represented both the Sellers and Buyers in this commercial real estate transaction.
200-206 Union Street, Saint John, New Brunswick
The property at 200 Union Street, known by many as the former Academy of Hair Design, has new owners.
The property was purchased by a couple from New Brunswick. The property is commercial on the ground floor and has 6 residential units on the second floor. The new owners intend to use the ground floor for a new retail establishment. Details on that to come at a later date.
The building has a long history in Saint John. The original business was “Jacks Men’s Wear”. It was owned by Jack Levine and eventually his son Ellis Levine. Former Saint John Mayor Sam Davis designed the building for Jack Levine. You can still see the name “JACK” inlayed in a tile mosaic by the sidewalk near the main entrance.
This is just one more in a string of recent announcements about an exciting revitalization that is happening along Union Street and in the Waterloo Village area.
Stephanie Turner, Partners Global, was the listing agent. Lee Yuyang, Re/Max Professionals Saint John represented the buyers.
36 Richmond Street, Saint John, New Brunswick (Waterloo Village area)
Adams Green announced today that they purchased 36 Richmond Street which is located at the corner of Richmond and Prince Edward Streets.
The 3 story heritage brick building is a masterpiece of architectural detail much of which has thankfully been preserved. The ground floor with its high punched tin ceilings and old “apothecary” drawers has been used for various commercial enterprises in the past. The upper two floors were most recently rented as one massive residential unit. The attention to detail and craftsmanship evident in the extensive wood paneling and molding is impressive. Two built-in rounded benches are absolutely amazing.
According to the Press Release issued today “Adams Green is the first accounting firm in Canada to be certified as a B Corporation. That means they value people and the planet as much as profit”.
In the press release Owen and Haley Green, the new owners, go on to explain that they are launching The Wheelhouse “A kind of community centre for entrepreneurs, where people can come together to collaborate around all kinds of ideas”.
They really embraced the Waterloo Village location… it fits right in their “wheelhouse” of being socially responsible. The Union Street and Waterloo Village areas of Saint John have experienced a wave of investment in recent months and they wanted to be part of making a difference in this up-and-coming neighbourhood.
Stephanie Turner, Partners Global represented the Buyers and Gary Vincent of Keller Williams was the listing agent.
PHOTOS of the inside and more on this story at Huddle.Today