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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.
A 6,600 square foot industrial building sitting on 2.18 acres of land and located in the Hammond River Industrial Park has been sold. The vendor was Price Waterhouse Coopers Limited as Private Receiver of 670558 NB Ltd. The property had garnered a fair amount of interest while listed particularly towards the end of 2018 when multiple offers came in. The successfully buyer is a local company and will be issuing a press release soon. Rumour has it that the building nearby, formerly occupied by Select Kitchen, also traded recently. This is great news for the town of Quispamsis’ Hammond River Industrial Park as it continues to attract investment and diversify it’s business base.
Stephanie Turner represented the seller and Noreen Russell, Royal LePage Atlantic represented the buyer.
200-206 Union Street, Saint John, New Brunswick
The property at 200 Union Street, known by many as the former Academy of Hair Design, has new owners.
The property was purchased by a couple from New Brunswick. The property is commercial on the ground floor and has 6 residential units on the second floor. The new owners intend to use the ground floor for a new retail establishment. Details on that to come at a later date.
The building has a long history in Saint John. The original business was “Jacks Men’s Wear”. It was owned by Jack Levine and eventually his son Ellis Levine. Former Saint John Mayor Sam Davis designed the building for Jack Levine. You can still see the name “JACK” inlayed in a tile mosaic by the sidewalk near the main entrance.
This is just one more in a string of recent announcements about an exciting revitalization that is happening along Union Street and in the Waterloo Village area.
Stephanie Turner was the listing agent. Lee Yuyang, Re/Max Professionals Saint John represented the buyers.
36 Richmond Street, Saint John, New Brunswick (Waterloo Village area)
Adams Green announced today that they purchased 36 Richmond Street which is located at the corner of Richmond and Prince Edward Streets.
The 3 story heritage brick building is a masterpiece of architectural detail much of which has thankfully been preserved. The ground floor with its high punched tin ceilings and old “apothecary” drawers has been used for various commercial enterprises in the past. The upper two floors were most recently rented as one massive residential unit. The attention to detail and craftsmanship evident in the extensive wood paneling and molding is impressive. Two built-in rounded benches are absolutely amazing.
According to the Press Release issued today “Adams Green is the first accounting firm in Canada to be certified as a B Corporation. That means they value people and the planet as much as profit”.
In the press release Owen and Haley Green, the new owners, go on to explain that they are launching The Wheelhouse “A kind of community centre for entrepreneurs, where people can come together to collaborate around all kinds of ideas”.
They really embraced the Waterloo Village location… it fits right in their “wheelhouse” of being socially responsible. The Union Street and Waterloo Village areas of Saint John have experienced a wave of investment in recent months and they wanted to be part of making a difference in this up-and-coming neighbourhood.
Stephanie Turner represented the Buyers and Gary Vincent of Keller Williams was the listing agent.
PHOTOS of the inside and more on this story at Huddle.Today
91 King Street Saint John, New Brunswick
After more than 6 months of negotiations, 91 King Street has been purchased by an investor. Integrity Real Estate Investments (IREI) is the proud new owner. The transaction was complicated as the property carried some restrictive covenants that had been imposed years ago when the land was owned by the Anglican church. IREI’s solicitor, Andrew Costin, a partner with the law firm of Gorman Nason, was instrumental in revising the restrictions to allow for the intended development of the property. Steve Carson from Develop Saint John played a key role in interfacing with the church representatives to reach a successful conclusion.
IREI, along with its investors, have plans to redevelop the property. Current zoning requires that the ground floor remain commercial but the upper floors will likely be converted to residential or complimentary uses. IREI and their consultants, Morgan Lanigan and Melissa Wakefield of EXP Architects Inc., are encouraged by early reviews of the existing structure during the due diligence period that suggest additional floors could be added to the building.
The “metro brown” & red aluminum siding covering much of the building’s character will be coming down and it’s intended that the building facade will be restored to its former glory. The building has some strong mid-century elements including terrazzo flooring which shall be preserved and built upon. IREI and EXP will be working closely together over the coming months on the project’s design and next steps.
This is fantastic news for uptown Saint John. This strategic corner has been sorely underutilized for years and it’s time has now come! The public can continue to watch for news of the development on Facebook and Twitter using #91King
Develop Saint John issued the following PRESS RELEASE related to the news.
Stephanie Turner represented both the Seller & Buyer in this commercial real estate transaction.
60 Rothesay Avenue, Saint John, NB
A high profile parcel of land totaling 4.65 acres has been SOLD. The land wraps around the existing Canadian Tire Gas Bar and has road frontage on both Rothesay Avenue and McAllister Drive. Watch for a new retail project happening soon!
Stephanie Turner was the Listing Agent
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 Turner 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
303 Westmorland Road, Saint John
After more than 2 years on the market, 303 Westmorland Road has traded and people can expect to see some activity there in the coming months. The building took longer than expected to sell. One of the main factors that was discouraging buyers was that the spot zoning only allowed for “used clothing sales” meaning that any other use needed to apply for a rezoning/variance.
Once Collins Tours was successful in getting the property rezoned for their use, they purchased the building. “I really liked the attraction of this building for more than one reason” said Greg Collins. “The location of the building was key, remaining in the east side was important since our office has been in the east side of Saint John for 15 plus years, the layout of the building being open concept, the overall improvements made to the building, and investment opportunity of owning vs leasing a property.”
Collins also shared the following message, “In the end I want to thank the previous owner for his help and patience, Gary and Stephanie for their patience, and the city of Saint John for the approval of the zoning. Most importantly, Collins Tours & Consulting Ltd wishes to thank our past, present, and future support over the past years of business to make this happen in our home city.”
Stephanie Turner was the listing agent and Gary Vincent. RE/MAX represented the buyer.
82 Germain Street, Saint John, New Brunswick
The Buckley Building has been sold. The new owners intend to convert the top floor to residential for their personal use and add a rooftop patio. The building is a three storey brick Italianate-Style commercial building on the east side of Germain Street. The view from the roof affords a unique urban view directly down the newly renovated Grannan Lane as well as a view of the harbour.
The Buckley Building is significant as one of a collection of commercial, Italianate and Second Empire buildings that were built between 1877 and 1881 after the great fire.
The building is also significant because it housed the office of G. Ernest Fairweather from 1888 until 1920. G. E. Fairweather was a prominent architect and he designed many significant buildings in Saint John. He was originally associated with John Magee, as Magee and Fairweather, and in their office the plans were prepared for a great many of the buildings erected after the great fire in 1877. Source: historicplaces.ca
The new owners have renamed the building “The Fairweather”. You can like their page, see design concepts and follow their progress on FACEBOOK
Stephanie represented the seller & Bob McVicar of Exit Realty (now Sutton Realty!) represented the buyers.
Congratulations to Historica Developments on their successful acquisition of a portfolio of 4 uptown heritage buildings.
- 99 Germain Street has been the home of Bustin’s Fine Furniture retail showroom since 1905. Bustin’s Fine Furniture will be staying on as a tenant.
- 107 Germain Street is a 3 story office building currently the home to Dr. Brown, Claire Driscoll, Ispire and Enovex.
- 109 Germain Street is a 5 unit residential apartment building which is fully occupied.
- 30 Canterbury Street (also known as the “Canterbury Car Park”) is a 22,494 sq ft warehouse and parking structure.
The Bustin family had come to own the four buildings over many years in order to secure access to the alley behind the retail store to facilitate furniture deliveries. In recent year, the Canterbury Car Park has served as the warehouse for the furniture store. The large 3 story brick building on Canterbury had attracted inquiries from various developers over the years. Bustins finally concluded that warehousing was not the highest and best use for the building and it was identified as a candidate for redevelopment.
This transaction has been a long time coming with initial discussions starting in 2009. This was a complex transaction encompassing four mixed-use buildings each of which appealed to a different type of buyer/investor. It was important to the Bustin family that the buildings be sold together as a package and, in the end, Bustins and Historica Developments were successful in structuring a deal to make that happen.
Stephanie represented the vendor and Don Clancy, Gardiner Realty Ltd. Royal LePage represented the purchaser.