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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 of Brunswick Brokers was the listing agent.
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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
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.
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.
SOLD 200 Union Street
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 was the listing agent. Lee Yuyang, Re/Max Professionals Saint John represented the buyers.
Saint John Commercial Real Estate 