Saint John Commercial Real Estate

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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 and 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 landlord was amazing to work with. 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. 

Who is Brunswick Brokers?

Some of you have seen the news that the Saint John & Moncton offices of Partners Global have rebranded. Back in 2015, just about the time I joined the brokerage, Brunswick Brokers Limited created an alliance with Halifax based Partners Global Corporate Real Estate. After a five year partnership, it was determined that it was time for each company to stand on it’s own again.

With the help of local company Bonfire, we developed a new logo which was the launching point for our whole new look. We hired a local in-house marketing resource, rolled out a new website www.bbrokers.ca, new email addresses and new signage. Otherwise, It’s business as usual in Saint John!

DON’T FORGET TO UPDATE MY EMAIL ADDRESS! It’s now sturner@bbrokers.ca and watch for our new signs out in the market now!

LEASED – 30 Whitebone

30 Whitebone Way, Unit 3, Saint John, New Brunswick

McCoy Turnkey Construction just signed the lease on this industrial/commercial space in the McAllister Industrial Park. Earlier this year the company leased a small warehouse in the sister building (34 Whitebone) located next door. “The company is growing and we are busting at the seams in our current space” says Mike McCoy, owner. “Adding to our infrastructure here in Saint John will help us ramp up to the demand on our crews. We’re also looking to expand in Fredericton.”

The demand for residential and commercial construction projects has been brisk despite the pandemic.

Stephanie Turner represented both McCoy Turnkey Construction and the Landlord (Broadway Place Ltd) in this commercial real estate transaction. 

Broadway Place Ltd. is a New Brunswick based commercial real estate holding company  They currently own over 420,000 sq ft of building space throughout New Brunswick.

VIRTUAL TOUR – 855 Bayside

855 Bayside Drive, Saint John, New Brunswick
14,000+sq ft Industrial Warehouse available immediate for sub-lease or purchase. 

Tour properties from the comfort of your desk/home/favourite coffee shop!
More virtual tours coming soon…

CLICK IMAGE BELOW TO TOUR THE FACILTY

For more information on this property CLICK HERE.
Listed by Stephanie Turner. Phone: (506) 333-3442 or email: sturner@bbrokers.ca 

 

NEWS: Juniper Retail Store Opens Uptown

80 Prince William Street, Saint John, New Brunswick

Entrepreneur Katelyn Price had a successful first day yesterday at her new shop on Prince William Street called Juniper. She had identified this storefront as the perfect location back in March of 2020. The day she came in to sign the Offer to Lease, COVID-19 was first hitting the news! With all the uncertainly, she decided to delay signing the Offer in favour of a wait and see approach. Fast forward 3 months and she was ready to sign!

According to the ABOUT section of her Facebook Page, Juniper is “a sustainable lifestyle store”

“Juniper will provide the Saint John community with a convenient avenue of making sustainable and ethical consumer choices. We will carry clothing and skincare, as well as gifts and small home wares.”

Many of you may know the space as the former location of Liquid Gold and most recently ladies fashion store Uptown Vibes. For many years it was the home of the Buckland Gallery. The space has such a great aesthetic with the high/exposed wood ceilings and makes the perfect backdrop for all her beautiful natural products!

Photo courtesy of Juniper

Follow Juniper on FACEBOOK , INSTAGRAM and/or check out her WEBSITE

Meet Katelyn Price and read more about Juniper at huddle.today

Stephanie Turner represented the Tenant (Juniper) in this commercial real estate transaction. The Listing Agent was Bob McVicar, Sutton Realty

VIRTUAL TOUR – 50 Whitebone, Industrial Warehouse

New technology to help market our commercial listings. Features of tour include floorplan, 3D “dollhouse” with walk around capabilities and measurement tool all accessible from bottom left corner of the software.
Try it now! Click image below!

Screenshot (123)

For more info on this Listing Click here>>> 50 Whitebone Way, Saint John

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.

NEW SEA Bird Suites – Millidgeville

819 Millidge Ave, Saint John, New Brunswick

Site of the former Mission Church (St John the Baptist & St Clement) 

Two signs have recently appeared at the corner of Millidge Avenue and Daniel Drive in Millidgeville. Work is now scheduled to begin on a $17-million multi-residential development called “SEA Bird Suites”.

According to the sign, the demolition of the existing church and rectory will start on March 23rd and is estimated to last approximately 10 days. Anyone interested in the development can contact Stephen: 647-3228


Stephanie Turner represented both the seller and the buyer on the 1.94 acre property acquisition. 

Converted Malls & Bullpen Environments: Effects on Office Leasing

bull pen exampleAccording to a recent article “Office, industrial vacancies decline across New Brunswick” published in the on-line Real Estate News Exchange.

“There were 43 office buildings with a combined gross leasable area of 2.51 million square feet surveyed in Greater Saint John.”

The overall office vacancy rate in our market decreased from 19.1% in 2018 to 14.07% last year. Despite this improvement, the vacancy rate is still considered higher than is desirable. A couple of explanations were given…

 

“The office market in Saint John is in some ways the victim of the city’s past economic success, which saw a number of urban shopping centres constructed in the 1960s and 1970s,” Baird Allen [manager of Turner Drake’s economic intelligence unit] explained. “When demand for retail space shifted away from these malls, they were converted to office space, so the city has a disproportionate amount of class-C office space for a city of its size.

“This oversupply is a contributing factor to the high vacancy rate. Other factors include the nature of the economy in Saint John, which has a strong industrial focus, as well as broader trends in how office space is utilized — going from individual offices to cubicles, and now to flex space and bullpen environments where employees work in communal spaces that require fewer square feet of office space per person.”

Read the entire article below which provides further insight in the Saint John office & warehouse leasing market as well as stats for Moncton and Fredericton.

Office, industrial vacancies decline across New Brunswick

Saint John SPCA Animal Rescue seeking new home

295 Bayside Drive, Saint John, New Brunswick

The Saint John SPCA Animal Rescue needs a new home and are seeking community support.

Their current facility located at 295 Bayside Drive no longer meets their long term requirements. The facility has been listed FOR SALE but finding a buyer for this property is only the beginning. The search for a new location along with securing the necessary capital are key to the success of their relocation strategy. Please follow them on FACEBOOK or watch their WEBSITE. Information will be posted in the coming weeks regarding this exciting initiative!

The SJ SPCA Animal Rescue is non-profit and provides rescue, temporary housing, care and assistance to stray and unwanted animals in our community. They do their best to find loving, caring and responsible forever homes for all of the animals in their care. They also attempt to educate our community about responsible pet ownership and the humane treatment of animals.

Stephanie Turner is the Listing Agent for their current facility at 295 Bayside Drive