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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 & 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 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.
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.
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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.
SOLD 819 Millidge
819 Millidge Avenue, Saint John, NB
The church, hall and rectory located at the corner of Millidge Ave and Daniel Ave in Millidgeville has been sold. The property consists of 1.94 acres of land ideal for redevelopment.
The transaction closed earlier this week and the buyer is still ensure what the future holds for the property. I’m sure the neighbours will be watching with interest!
Millidge Avenue is a major traffic artery and leads to Saint John’s central business district less than 10 minutes away.
Development in the immediate area consists mainly of single family homes with some commercial/retail developments nearby as well as two senior’s complexes. The Saint John Regional Hospital and the University of New Brunswick Saint John Campus are also located in Millidgeville. From a recreational stand point, Millidgeville is well served with easy access to Rockwood Park (one of the largest municipal parks in Canada) as well as the Royal Kennebeccasis Yacht Club.
Stephanie Turner represented both the Seller and the Buyer
JUST LEASED: 340 King William Road
340 King William Road, Saint John, New Brunswick
A 10,000+ industrial warehouse building and fenced compound in the Spruce Lake Industrial Park has been leased. The Landlord is Sandav Holdings Ltd out of St John’s NFLD. The property has had many used over the years including being the NB home-base for Household Movers & Shippers, a Coca-Cola distribution centre and most recently was leased to GFL Environmental Inc. Upgrades will be performed on the building and lands over the next few months. The new tenants expects to take possession around August 1st of this year.
Stephanie Turner was the listing agent.
Canadian Nuclear Partners sets down roots in Saint John
75 Prince William Street, Saint John, New Brunswick
New office at 75 Prince William Street in the Bank of Canada Building
Canadian Nuclear Partners (CNP), a wholly-owned subsidiary of Ontario Power Generation, was established in 2012 and has grown into a well-respected service provider offering inspection, engineering, asset management, training and consulting services to clients in the power generating sector. With much success in Ontario, CNP has expanded their operations to Saint John, New Brunswick. The new office in Saint John is a welcome addition to the CNP network as it continues to create strong partnerships with various stakeholders in the region.
For CNP’s Vice President, Jason Van Wart, it is an exciting time as he was born and raised in Saint John and looks forward to contributing to the community that was so instrumental to his upbringing. “It is an exciting time for CNP. We are growing on a national and international level. Having an office in Saint John is a wonderful opportunity to give back to the very community that has been an important part of our business and build new opportunities for the future.”
CNP looks forward to delivering on its key values of safety, integrity and excellence to the energy community in New Brunswick.
Stephanie Turner represented both the Landlord and Tenant in this commercial leasing transaction
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.
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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
SOLD – 60 Enterprise Drive, Quispamsis
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.
E.S. Fox Building Lease Signed
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.
The building remains listed FOR SALE and FOR LEASE to long term tenants when the current short term lease expires.
Saint John Commercial Real Estate 