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Bank of Canada building SOLD

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.

Introhive leases space at Bank of Canada Building

75 Prince William Street, Saint John, NB

When Introhive first arrived in Saint John they needed office space quickly which allowed for flexibility while they ramped up their presence in Saint John. Connexion Works provides an ideal short term solution. Once they got a better handle on their growth strategy for this market it became evident that they would need to find a larger and more permanent solution. A search of the local vacant office space uncovered a space that seemed ideal. The space was formerly occupied by DFS Architects and had been completely renovated only 4 years ago. It has a cool modern vibe and a great view of the harbour! Introhive only needed to make a few minor changes to the space to make it perfect for them.


Introhive is a relationship data science platform for #CRM that drives user adoption and proactively delivers valuable insights about clients and prospects. They now have 16 employees in Saint John. Jerry Carr, Introhive’s CTO commented “We are continuously recruiting and having an awesome office space is a key part of attracting top talent.”

Stephanie Turner represented Introhive as well as DFS Architects and the head-landlord Prince Williams Property ULC in this leasing transaction.

The Bank of Canada building is also FOR SALE. For more info on this investment opportunity CLICK HERE

Historical Facts- The Skinner Building

58 King Street, Saint John, New Brunswick 

The history of Saint John is deep and often fascinating. I recently listed office space for lease on the top floor of 58 King Street and came to discover that the building is referred to as the Skinner Building.

“The Skinner Building was built in 1877 for clothier William Doherty. Alfred Skinner was the proprietor of a carpet wareroom in the building from the early 1880’s until the Great Depression in 1929.

After the “great fire”, Skinner started out on his own accord at 68 King Street. His business became too large for the premises so he relocated to this building. It was stated in the 1880’s that in Saint John there was no name more familiar in the households than “Skinner’s warerooms”.

He had many contracts for supplying carpets to hotels and public buildings throughout the Maritimes. In the early 1900’s Skinner’s was proclaimed to have the largest retail stock of floor coverings in Canada. ” READ MORE Source: www.historicaplaces.ca


Need office space? JUST LISTED: Located on the fourth floor, this 2,932 sf suite features exposed brick walls and modern/industrial vibe. Its layout comprises a reception / waiting area off the elevator, one private office, a spacious glassed-in boardroom, kitchenette and plenty of open space for workstations. Rich with character, this space will not last long – don’t miss out!

 

Hub International now at corner of King and Germain

77 Germain Street (a.k.a 40 King Street), Saint John

In December of 2017 Hub International were approached by a local business about selling their property on Duke Street Uptown. This created a great opportunity for them to upgrade their location and stay in the Uptown Saint John core.   Hub International Atlantic is a division of Canada’s largest insurance broker,  and specializes in Commercial Insurance, Group Benefits, and Personal Insurance.  According to Neil Josselyn “Our Saint John location has 15+ employees, and we represent every major insurance company in Canada.” Josselyn further explained  “Our team had outgrown our Duke Street location, however we wanted to stay Uptown, and toured a  number of different options.  We decided that the sub-let opportunity on the 5th floor at the corner of King and Germain was the perfect location for us to call our new home.” Locals will know this building as home to many of Saint John’s local economic development agencies including Enterprise Saint John and the Chamber of Commerce.

The top priority in a new space was to get all of their staff on one level, while working in an open concept office environment.   This space on Germain Street  offered this and more.  The space has a modern kitchen, a recently redone office with up-to-date I.T. infrastructure.  However it maintained exposed brick walls and the radiators from the building’s past.  Josselyn went on to say “The location is incredible, offering views of both King Square and Saint John Harbour, all while being across the street from the City Market, and pedway system.”

Stephanie Turner was the listing agent and also acted as Hub International’s local Tenant Representative in negotiating the sub-lease.

Saint John’s First Boutique Hostel Experience…Coming June 2018

36 Water Street, Saint John, New Brunswick

BunkHaus Boutique Hostel

After learning of different boutique hostels popping up around the world, Ingrid Woodhouse was inspired to create her very own hostel business here in New Brunswick. And, although there was no doubt from the beginning that Uptown Saint John was the best location for BunkHaus, it took some time to find the perfect spot.

“I looked at a few places but it wasn’t until we walked into 36 Water Street that I knew the hostel had found a home,” says Ingrid. “It has a beautiful exposed brick wall that really showcases our city’s character, huge storefront windows that let in tons of natural light, it’s uptown on a ground floor, has high ceilings, and it even has my ideal footprint of 2500sq ft. It was a total homerun.”

Ingrid hopes that BunkHaus will help draw more travelers to the city and is excited to bring affordable yet chic accommodations to the Uptown core. The hostel will offer both private rooms and custom timber-frame bunks with stair access the top beds. As for the common area there will be a fresh new communal kitchen, long harvest table for sharing meals, and a lounge area for guests to relax and meet one another. The addition of a minibar as well as an outdoor patio with hammocks and heat lamps are also part of the plan but will come later. On-site laundry and free Wi-Fi will be vailable too.

With traditional Saint John architecture of 12ft high ceilings, exposed brick, and large windows, there will be no problem making this space a home using local art, plants, and comfortable Scandinavian-inspired furnishings. Guests will feel right at home here as they share meals, music, and memories together in the communal spaces designed to bring people together.

“We’re incredibly delighted to see the BunkHaus coming uptown and look forward to the grand opening.  Without a doubt, this will be another great addition to the neighborhood.  Not only will this be very high quality, it will also satisfy a need in the marketplace.  We congratulate Ingrid on her vision and for seizing the opportunity,” says Keith Brideau of Historica Developments.

To follow renovations and keep up-to-date with news and future offers, follow @BunkHausHostel on Facebook and Instagram.
WEBSITE COMING SOON at www.bunkhaushostel.com.

Stephanie Turner worked with Ingrid to find the perfect space and represented BunkHaus in the negotiations in the Landlord, Historica Developments.

#91King Street SOLD

91 King Street Saint John, New Brunswick

sold imageAfter 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.

JUST LISTED: 1,041 s.f. in Red Rose

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)

GALLERY

 

 

 

 

Le Faubourg sees another big price reduction. Now $749,000

125 Prince William Street “Le Faubourg”, Saint John, NB

 $899,000 NEW PRICE $749,000 SOLD

Ideal candidate for redevelopment! Uptown heritage with many infrastucture upgrades including sprinkers throughout, roof (Nov 2011), some repointing of brick, amost all new windows. New 400 amp 120 volt electrical entrance installed with updated wiring in 2007. Building has been converted to natural gas. Commonly, heritage buildings such as this one in the uptown core are utilized for commercial and business related enterprises. The main floor would typically be devoted to retail with the upper floors being utilized for offices and/or residential. View of Harbour on Water Street side of building.

Gross building area 17,467 square feet.

This block of Prince William Street, between Princess and Duke, has undergone (2014-2015) a complete restoration including street resurfacing, granite curbing, landscaping and decorative lighting. Close to shopping, hotels and cruise ship terminals.

For more information and interior photos click HERE

Tenant Announced for Former Birks Space #OHMYLORDON

lordon20 King Street, Saint John, New Brunswick

Kate Thompson (née Lordon) owner of Silver Daisy (80 King) fell in love with the former Birks location and knew immediately that she wanted her business there. “The space is elegant and it inspired me to rethink my whole offering.  LORDON is Silver Daisy’s upscale and sophisticated older sister and we promise you’re going to LOVE it! We’re keeping all of your favorite brands but we’re adding SO many more.”

“We are over-the-moon excited to show you everything!” says Kate. They will be keeping everyone informed along the way with sneak peeks of their gorgeous new store and amazing new product. Follow them on Facebook at https://www.facebook.com/SilverDaisySJ/

Read more in today’s HUDDLE STORY

She’s mighty mighty just lettin’ I.T. all hang out!

brick park logo“Brick Park”  is an urban “knowledge park” in the heart of uptown Saint John. Knowledge parks are similar to industrial parks but built to attract I.T. companies. In other areas, they tend to be suburban and include a series of low rise buildings with large parking lots that are isolated from the city; the Saint John model of an urban knowledge park is fairly unique.

Over time, our cluster of IT companies just naturally chose to locate uptown and grow here. A light went on one day and somebody said, look, we have over 30 “knowledge industry” companies concentrated in this small area uptown. These companies were drawn to the uptown because of access to services not readily available in a typical knowledge park. Not only do they have access to I.T. infrastructure, they have easy access to cafes, restaurants, bars, hotels and other peripheral services.

Bob Quirion from Dealermine commented in today’s TJ article that “if you want to take a Friday afternoon break and run over to Picaroons for a beer, that’s ok because it encourages innovation in my mind”. This “innovation” that Bob is talking about frequently happens through what is often dubbed “collision” in their industry. Those moments when you’re sitting at the pub, waiting in line at the coffee shop or standing in the elevator and you strike up a conversation with a virtual stranger… this is where the magic happens. In standard Knowledge parks the chance of collisions is significantly less since there’s less opportunity for interaction within the community.

What Saint John has to offer knowledge industry companies from outside our region is one of our best kept secrets. We now have a powerful tool to celebrate our success, tell our story and grow our knowledge cluster. www.brickpark.ca