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130 Station Street, Saint John, New Brunswick
The Scotsburn Frozen Novelty plant on Station Street across from Harbour Station has a new owner. Commercial Properties Limited already owned the land on either side of the property so it’s no surprise that they had an interest. Paul Moore, VP of Commercial Properties explained “Commercial Properties Limited is a commercial real estate company with a desire to do new development. The ability to assemble substantially sized parcels of land is key to being ready to pursue opportunities when the timing is right.” A recent example of this is the new liquor store. Commercial Properties had acquired the parking lot at the corner of Wellington and Union in 2014 which meant they were well positioned to respond to the NB Liquor Corporation RFP.
Commercial Properties has been working on plans to demolish the Station Street building. “There’s a lot of concrete & rebar in there” said Erica Gorman, an engineer with Commercial Properties. “Taking the building down is not a simple exercise.” The building is slated for the wrecking ball in the near future.
Stephanie of Partners Global Corporate Real Estate was the listing agent.
Thanks to HUDDLE for also running with the story today.
Want to learn more about the NB Liquor project mentioned above? Watch a 4:37 minute video called Reimagining 10 Wellington Row