Saint John Commercial Real Estate

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Who is Brunswick Brokers?

Some of you have seen the news that the Saint John & Moncton offices of Partners Global have rebranded. Back in 2015, just about the time I joined the brokerage, Brunswick Brokers Limited created an alliance with Halifax based Partners Global Corporate Real Estate. After a five year partnership, it was determined that it was time for each company to stand on it’s own again.

With the help of local company Bonfire, we developed a new logo which was the launching point for our whole new look. We hired a local in-house marketing resource, rolled out a new website www.bbrokers.ca, new email addresses and new signage. Otherwise, It’s business as usual in Saint John!

DON’T FORGET TO UPDATE MY EMAIL ADDRESS! It’s now sturner@bbrokers.ca and watch for our new signs out in the market now!

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.

Canadian Nuclear Partners sets down roots in Saint John

75 Prince William Street, Saint John, New Brunswick
New office at 75 Prince William Street in the Bank of Canada Building

 

Canadian Nuclear Partners (CNP), a wholly-owned subsidiary of Ontario Power Generation, was established in 2012 and has grown into a well-respected service provider offering inspection, engineering, asset management, training and consulting services to clients in the power generating sector. With much success in Ontario, CNP has expanded their operations to Saint John, New Brunswick. The new office in Saint John is a welcome addition to the CNP network as it continues to create strong partnerships with various stakeholders in the region.

 

For CNP’s Vice President, Jason Van Wart, it is an exciting time as he was born and raised in Saint John and looks forward to contributing to the community that was so instrumental to his upbringing. “It is an exciting time for CNP. We are growing on a national and international level. Having an office in Saint John is a wonderful opportunity to give back to the very community that has been an important part of our business and build new opportunities for the future.”

CNP looks forward to delivering on its key values of safety, integrity and excellence to the energy community in New Brunswick.


Stephanie Turner represented both the Landlord and Tenant in this commercial leasing transaction

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.

sold photo

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)

 

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.

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.

 

Moosehead should be at the head of King Street #91King

Moosehead is an institution in Saint John with a long history on the west side. That being said, it makes so much sense for them to have a significant presence in our business core as well. To commemorate the 150th anniversary of the Oland family’s brewing business, they announced today that they would be establishing a new “small-batch brewery” here.

According to today’s Huddle Story they are looking for a 10,000 square foot location “with hopes of finding one in the city’s uptown”. As fate may have it, 91 King Street has a 9,900 s.f. footprint.

Although I’m no graphic designer, I put my amateur skills to work to create an edited version of the corner of King and Charlotte. This location is perfect for Moosehead! Large enough, high profile and across the square from the new Irving Headquarters. To make it even more appealing, this corner is not subject to heritage regulations… giving any developer the utmost leeway in design.

In my humble opinion, Moosehead needs to take their rightful spot at the head of King!

91 king edit v3

Amateur photo manipulation using the very limited capabilities of Microsoft Paint.

 

Vacant SJ Building Cries For Help On Twitter via Huddle

Screenshot (676)Stephanie Turner, the agent handling 91 King, told Huddle she discovered the Twitter account (@91kingSJ) last week and has no idea who’s behind it. Though the account is comedic in nature, she said it could get people talking about building.

“I suppose it can’t hurt. The tweets are pretty light hearted and don’t have a strong business spin to them,” Turner says. “‎Last time I looked the account had about 50 followers but I didn’t notice if followers included Mountain Equipment Co-Op, Forever 21 or Sephora.”

“It’s a huge project…either rebuild or tear down and build new,” she said. “Either way, it takes an experienced developer with deep pockets and a willingness to take risk.”

Read some of the tweets and the rest of the HUDDLE STORY

FINDING A SPACE WHERE YOU WILL FLOURISH

prince william street high res croppedBy guest blogger, Laura Lunn – Marketing Assistant/Intern

Sometimes being a commercial real estate agent is not all about filling vacancies. It’s about finding the proper tenants that will flourish in their new space.

A daycare next to a lawyer’s office might not be the best option for either tenant, so to avoid any dispute and negativity another space might be recommended, where they will feel comfortable.

If you are a Tenant in need of space Step 1. Have a read of these short “5 Tips for Tenants” that will help you begin your journey.  Step 2. Call Stephanie

Source: www.bbb.org