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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.
I was on this kick last year and it garnered a lot of interest. Now that spring is here, I’m thinking about our alleys again… Jardine’s Alley, North Market Street, the former “Alley Gria” alley (featured in photo above) and more. They all hold potential!
I would encourage you to tweet photos of the uptown Saint John alleys that you think have hidden potential. I’m not talking about permanent closure/conversion but even for temporary event space. Don’t forget to use the #renaissancecity and/or #livelifeuptown hashtags so everyone can see them! Looking for some inspiration? click HERE