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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.
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 of Partners Global represented both the Landlord and Tenant in the transaction
12 Smythe Street, Saint John, NB “Red Rose”, Suite 126
1,041 sq ft of office space available for lease in the beautiful Red Rose building. This unique space features exposed brick and stone. Currently laid out with reception, 2 offices, storage room and small lunchroom/server room.
This iconic building was constructed in 1903 for the Red Rose Tea Company. Full restoration and conversion into offices was completed in 2001. Located in Saint John’s Central Business District with monthly and hourly adjacent surface parking. For more info on building and other suites available CLICK HERE
Asking rent: $12.00/sq ft + $15.12/sq ft (CAM & Taxes)
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”.
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!
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
Due to rapid growth in 2015, AirVM’s Saint John operation has outgrown their original office space. “It took us months to find the right space with the feel that we were looking for and the potential to meet our future growth needs.” Says local Manager Jamie Pitt. “Centerbeam Place met all of our requirements and then some”. AirVM gets that an attractive & well designed work environment is key to employee morale as well as an important recruitment and retention tool. “We took the entire staff over to see the new space.” said Pitt “They loved (more…)
701 Millidge Avenue, Saint John, New Brunswick
Partners Global Corporate Real Estate, in partnership with Irving Oil, is seeking expressions of interest in a new retail offering in Millidgeville. The proposed reconfiguration of the retail space would allow for a dedicated front entrance as depicted in the conceptual rendering above as well as potential for drive-thru at side. In addition to the new Shannex Senior’s complex, which is located almost directly across the street, Millidgeville is home to three customer contact centres, the University of New Brunswick (UNBSJ) Saint John campus as well as the Saint John Regional Hospital, the city’s largest employer.
For more information on this leasing opportunity click HERE