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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.
855 Bayside Drive, Saint John, New Brunswick
14,000+sq ft Industrial Warehouse available immediate for sub-lease or purchase.
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For more info on this Listing Click here>>> 50 Whitebone Way, Saint John
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 is the Listing Agent for their current facility at 295 Bayside Drive.
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.
405 King William Road, Saint John
As reported by HUDDLE, Lorneville Mechanical Contractor’s Ltd (“Lorneville”) announced this week that they won a contract to fabricate large modules as part of an expansion at the Irving Oil Refinery. Although they’re manufacturing the components at their current facility in the Spruce Lake Industrial Park, they required additional space. The nearby E.S. Fox building located at 405 King William Road was vacant and on the market. They’re using the Fox building for their tooling group and for some material storage associated with the project. “Given the short term nature of the contact, it didn’t make financial sense to purchase the building but we were fortunate enough to be able to negotiate a 9 month lease of the facility” says Todd Bethune, Lorneville’s C.F.O. There were other ways to satisfy the requirement for additional space but the close proximity to Lorneville’s current facility made the E.S. Fox building an ideal solution and both sides were pleased to be able to hammer out a deal.
The 24,000 sq ft facility with 54’ clear ceiling height sits on 27 acres of land and is ideal for large module manufacturing. It will continue to be marketed for sale or lease and will be vacated by Lorneville in early March 2018. For more information on 405 King William Road click HERE
Stephanie Turner represented both the Landlord and Tenant in the transaction
$200 million private investment in New Brunswick economy!
A refinery shutdown is also called a turnaround. During turnarounds refineries usually carry out inspections and replace or upgrade equipment to ensure safety, reliability and improve environmental performance.
“The Irving refinery spent $60 million in 2014 which employed 2,000 workers for a million hours. The turnaround was such a big event, it had a $51.6 million impact on New Brunswick’s GDP. This is in part because the many workers needed food, accommodation and other necessities, which benefited the local economy.” Source: www.canadianfuels.ca
This year’s turnaround, dubbed Operation Falcon #opfalcon, was just announced and involves a reported investment of $200,000,000! That’s over 3 times last year’s investment. This is the largest private sector investment in New Brunswick this year. The fundamental issue in determining the size of the economic impact is the “openness” (more…)