Saint John Commercial Real Estate

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$200k Price Reduction!

SOLD 1655 Manawagonish Road, Saint John, NB  

The seller has just instructed me to slash the price of this building by $200,000.
WAS $899,000…. NOW $699,000!

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I often gets calls from people asking how much the church is on Manawagonish Road. I can understand why people may be confused as the sign out front says “Convention of Baptist Churches” but this is actually a 15,000 square foot brick office building that was built in 1981, sits on 2 acres of land and enjoys beautiful views of the Fundy coast. For more information on this amazing opportunity including more photos CLICK HERE

P.S. Desks were custom ordered for the offices and are available as part of the sale (subject to negotiations)

Bank of New Brunswick a.k.a Le Faubourg sold

125 Prince William Street, Saint John


First listed for sale in 2008 for $1,250,000, this building (easily identified by its massive pillars) has been sold. Over the years we’ve had a couple of accepted offers which failed to close for different reasons but we’ve finally gotten this one across the finish line!

The buyers, Ron Lovett  & Courtney Sherlock from Halifax, see the building as a great long term investment. “We have really seen so much growth in uptown Saint John over the past 4 years. It’s really starting to come alive” commented Lovett.

 “The building is so beautiful, it just needs a little TLC” says Lovett.

The building is occupied by the previous owner Arc’f de Saint-Jean Inc. and they will be remaining as a tenant on the top floor of the building for up to 2 years. The ground floor on Water Street is home to Loyalist City Brewery.

The main vacancies are the former AlleyGria restaurant space on the level below Prince William and the Prince William Street “bar” space which many Saint John residents still remember operated at one time as the nightclub “Pillars”.

Stephanie Turner represented the Seller and Jason Stephen of Royal LePage represented the Buyer with a shout out to Judith Makin at TUCK Studio for being such a great ambassador for the building and the community!

T4G is Moving Uptown (more pics)

384 Lancaster Avenue, Saint John, NB

T4G has announced that they are moving their Saint John operation to an uptown location. As such, they have put their building, located at 384 Lancaster Avenue, on the market. The decision to move uptown is motivated by their desire to be a bigger part of the knowledge and tech industry in Saint John. This is just one more nod to the increasing vibrancy that uptown Saint John has been experiencing recently and helps foster the Brick Park “knowledge park” movement which is aimed to grow the cluster of knowledge industry companies working in close proximity uptown.

T4G is still considering options for their new location.

For more information on 384 Lancaster Avenue opportunity click HERE

Note: Some photos of the interior of 384 Lancaster Ave can be seen below.

#GrowSJ Update. Top 3 salient points related to commercial real estate

Mayor Don Darling just shared a report by the city’s Commissioner of Growth and Community Development Services.

Here are the top 3 salient points relating to commercial real estate:

  1. Major project construction accounted for more than half of the 80 million dollars of construction projects in 2016. Notably phases one and two of the IOL home office project, the new Uptown Liquor store and retail expansion in East Point, McAllister Mall and in Millidgeville.
  2. Another portion of the $80 Million included re-investment in the City’s Heritage districts including major renovations to the Imperial Theatre and 20 other smaller heritage renovation projects. The City’s heritage districts were funded by the city’s heritage incentive program.
  3. There is 137,493 square meters (that’s almost 34 acres!) of vacant land in our prime central neighbourhood, at rates a fraction of the cost of Canada’s major cities, and ready to be developed. The land is a mix of commercial & residential. The map below shows some of the commercial opportunities.
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Uptown In-Fill Map. Vacant Land Highlighted in Red

READ MAYOR DON DARLING’S ENTIRE UPDATE HERE  (3 minute read)

Moosehead & Cox were two most popular stories of 2016

Now that we’re in to 2017, I wanted to thank everyone who has visited my website/blog in 2016. The site got a ton more traffic last year, hitting a new annual record of 43,696 views (up from 25,546 in 2016).

best-day-everThe single best day was June 1st. The story that day was “Moosehead Should be at the Head of King Street #91king” with 6,679 views. UPDATE: Unfortunately, as most of you have heard Moosehead’s subsequent plans to build on the waterfront have been shelved. Maybe that means that they will reconsider #91king!  If you missed the original story you can find it HERE

My next most-read story of 2016 was on April 27th and it was “Cox Electronic Winding Down Retail Business” with 5,298 views. UPDATE: The story said that the store would be open until the end of 2016 but wound up closing several weeks earlier. This showcase property is for sale or lease. Did you miss the story in April? You can read it HERE

countries-chart-2Where do you think these “views” come from? Canada and the US rank 1 & 2 but would you have guessed that France is 3rd? Next come South Korea & Barbados. See chart to the right for the top 10 countries of original of traffic to www.SJcommercialRE.com

Thanks again for visiting and a big shout to www.huddle.today for picking up several of my stories in 2016. I’m looking forward to 2017 and what the Saint John Commercial Real Estate market has in store. Don’t forget to follow me on Twitter @steffturner

East Coast Spirit cheerleading finds new home at Parkway Mall

photoCheerleading gyms have unique needs such as high ceilings and large column-free space. In the past, East Coast spirit had operated out of the Gothic Arches church sanctuary uptown and most recently in a warehouse building in the Grandview Industrial Park. The cost to heat the warehouse in the winter was high and they needed to find a better long term solution.

Parkway Mall was presented as a possible option. A portion of the interior vacant space in the mall was a 4,200 square foot box with 18’+ ceilings and a large sky light. When Joy Mitchel (ECS owner/operator) saw the space she knew immediate that it could work. “We just love the new location, it’s centrally located with lots of parking. Parents can drop off their athletes and run errands during practice time. I think our families are going to find this much more convenient and our cheerleaders will have a nice, clean, brightly lit, warm gym!” (and cooled in the summer). http://eastcoastspirit.com/

Stephanie Turner and Mike Jackson of Exit Realty co-brokered as the tenant’s representatives.

 

LEASED… last 2 units at Irving Millennium Drive development

8-10 Millennium Drive, Quispamsis, New Brunswick

leased editMurphy’s Pharmacies of PEI are opening a location in Quispamsis under the Guardian Drugs banner. Murphy’s operates a chain of independent pharmacies and have been serving the health needs of communities across Prince Edward Island for 30 years.  “We’ve leased the two remaining vacant units between Subway and House of Chan. One side will be a pharmacy and the other a medical clinic including after-hours clinic” said Jeff Murphy, Chief Financial Officer at Murphy’s Pharmacies. “We love the location. Being close to a growing residential area made a lot of sense for us.”

Stephanie Turner was the listing agent.

 

Salon Circa closing at current location

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66 PRINCE WILLIAM STREET, SAINT JOHN

The Prince William Street storefront which is well known to locals as the upscale hair & esthetics salon “Salon Circa” has announced it is closing at this location.

Owner Donnie Coholan posted the following public statement on Facebook this morning “To our dear clients and friends….after (20 plus) years of service, we at Salon Circa have collectively decided to end our joyous run and go separate ways! As sad as we are to do this, we are going to keep our business uptown and close to one another…”

The 1,775 square foot salon with embossed ceiling and exposed brick is available for lease.

For more information on Leasing this space click HERE

Do you have what it takes to open a successful restaurant?

416_1zincThe restaurant scene in uptown Saint John is thriving. Yes, opening a restaurant has it’s risks but some of our time tested stalwarts prove that the people of Saint John will support innovative menus, quality food, beautiful décor & good service. Those with the right formula continue to be busy!

Over the years I have met an amazing number of people from diverse backgrounds who, regardless of their personal wealth or success, say they’d like to set-up a restaurant one day. Home-makers with culinary skills, corporate executives with contacts, celebrities looking for an investment, landlords with space, restaurant managers or chefs with industry experience, industrialists who would simply like a place to host their associates & friends, and all sorts of other people who dream of having their own restaurant.~Ravi Wazir, 2015 from his article What it Takes – To Start & Run a Successful Restaurant

Do you have what it takes? Opportunities exist in Saint John, contact Stephanie to explore them all!

 

The Case for an 11 Storey Building on King’s Square

Have you ever wondered how the boundaries of the Trinity Royal Conservation Area were decided? The boundaries are purely arbitrary and, I can only assume, were voted on by the Heritage Review Board when it was first established in 1982 or by some other elected body that the citizen’s of Saint John put their trust in at that time. Read Wikipedia info HERE

Below is a section of the Trinity Royal map (more…)