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LEASED – 1000 Sandy Point Road
1000 Sandy Point Road, Unit 4, Saint John, New Brunswick
Cooke Insurance identified a need for new office space back in the fall of 2019. Although they didn’t plan to move in until summer 2020, they wasted no time in starting their search. Through a process of elimination they landed on 1000 Sandy Point Road. This commercial strip mall was newly constructed & the ground floor unit they chose had never been occupied. “Being able to customize the space to exactly our needs helps make the square footage work for us in the most efficient way possible” says Jeff Cooke. “We are thrilled with the space. We got everything on our wish list and more” says local Cooke representative Andrea Ferris. “The level of finishes are class A.”
1000 Sandy Point Road is a multi-unit commercial strip mall located in Millidgeville next to Cedarcrest Gardens. The Saint John Real Estate Board also leases office space in the development. 2,000 sq ft of ground floor space remains available.
GALLERY – PHOTOS OF FINISHED SPACE
Stephanie Turner represented the Tenant (Cooke Insurance) and Peter Pappas (owner and licensed Realtor® with Re/Max) acted as the Listing Agent.
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.
Lorneville Mechanical leasing E.S. Fox building
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
Loyalist City Brewery now brewing beer steeped in history.
60 Water Street, Saint John, NB (with before and after photos!)
“When we took the space over it was pretty rough. It took some hard work and elbow grease to get the space ready for brewing but we are thrilled with the end result.” says Mark McGraw, part owner and brewer.
The space had great bones with some exposed brick walls and one stone wall but what really attracted these young brewers to the space was the garage door. On nice days they’re going to throw open the overhead door and welcome everyone in. “We are well positioned to serve thirsty cruise ship passengers” said McGraw. Loyalist City Brewery will be one of the first businesses they will come across as they start touring the uptown and with the garage door open it should be very inviting for them to step in. “We’re already brewing a beer called “Parrtown Pale Ale” that has a Saint John story to it and I think tourists will enjoy hearing how the beer is connected to our heritage”.
Want to read more about this original Saint John beer? Visit their website loyalistcitybrewing.ca or follow them on FACEBOOK.
Want to try their beer now? It’s on tap at Cask & Kettle and Five & Dime. Their brew will also be featured at NB Liquor next week in the Growler program.
Stephanie represented both the Landlord and the Tenant in the lease transaction.
NOTE: 60 Water Street is the back side of 125 Prince William Street a.k.a. “Le Faubourg” or originally known as “The Bank of New Brunswick”. The building is currently listed FOR SALE. Buy it now as an investment with this very cool tenant in place!
LEASED: 77 Germain Street BEFORE & AFTER PICS
Appnovation announced on Aug 14th, 2014 that they were coming to Saint John and that they would be creating 63 jobs here. They arrived earlier to scout for space for their new Saint John office and what they found was a diamond in the rough on the top floor of 77 Germain Street (many people know this building as 40 King Street – our city’s hub of economic development agencies)
The floor had previously been used to house some large computer equipment and had never been restored to match the lower floors. This “raw” space became vacant and available in 2014 and Appnovation saw the potential.
Stephanie partnered with Justin Omichinski, Avison Young, Vancouver to represent Appnovation in their search and lease negotiations.
BEFORE & AFTER PICS
New windows coming to Princess Street!
91 Princess Street, Saint John
The Landlord, Historica Developments, will soon be installing two new large rounded windows in the front (currently bricked over).
Things are happening on this block!
Saint John Commercial Real Estate 