Print
Entrepreneurs

NCino's Expansion Progresses At Wilmington HQ

By Cece Nunn, posted Oct 15, 2021
The Mayfaire-area campus of cloud banking firm nCino is expanding in Wilmington, with another office building under construction beside its main headquarters. (Photo by Cece Nunn)
Crews have made progress on the expansion of nCino's Mayfaire-area headquarters.

As a result of the project, the publicly-traded, cloud banking firm based in Wilmington will have enough space to allow for at least 600 new employees.

The expansion of nCino (Nasdaq: NCNO) incudes a new parking garage, an additional office building with 90,000 square feet and a facade renovation of the main headquarters structure.

A big part of the project is complete.

"The new parking deck at nCino Headquarters opened on Monday, Oct. 11. In addition to 640 parking spaces (including 5 electric car charging stations), the parking garage also houses bike racks that will accommodate 40+ bikes, which are located on the first floor," said Katie Smith, the firm's senior vice president of finance and operations, in an email Friday.

A new sign was recently installed on the main headquarters building, and the neighboring office building is taking shape.

"Construction on this property is underway and is scheduled to be completed in fall 2022," Smith said.

The general contractor is Thomas Construction Group and the architect is LS3P.

nCino's expansion was announced in April. Cloud Real Estate Holdings LLC, a Wilmington investment group comprised of entities affiliated with Cameron Management, SHP Acquisitions and Trask Land Co., entered into an agreement with nCino to acquire, lease back and develop the expansion.

Cloud Real Estate bought the property at 6770 Parker Farm Drive, including the existing nCino headquarters building, for $16.3 million last year. Trask Land Co. is the developer for the expansion and Cameron Management is serving as co-developer. 

In an illustration of the software firm's growth, nCino announced in September increased revenues and that Wells Fargo, one of the top four banks in the U.S., selected the firm "to digitally transform its commercial lending operations," nCino CEO Pierre Naudé said last month. "This growth across the U.S. and our non-U.S. markets illustrates that financial institutions of all sizes, all around the world, continue to embrace the nCino platform as part of their transition to a digital, client-first strategy.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
David webversion headshots march21 8172134246

10 STEPS TO PREPARE YOUR FACILITY FOR HEAVY STORMS

David Grandey - Highland Roofing Company
Atromitos micheallegady headshot

What it takes: Lessons from an Entrepreneur

Michealle Gady - Atromitos
Drewsmith copiersplus headshot

Should You Upgrade to Windows 11?

Drew Smith - Copiers Plus

Trending News

Development Proposal Plants Commercial Space On Farm Land

Cece Nunn - Dec 3, 2021

Retired AARP Official Shares Journey

Jenny Callison - Dec 3, 2021

New Stores, Eateries Aim To Boost Mall

Cece Nunn - Dec 3, 2021

Apiture Forms New Partnership, Earns High Industry Ranking

Jenny Callison - Dec 3, 2021

A Look Back At Banking In 2021

Jenny Callison - Dec 3, 2021

In The Current Issue

A Look Back At Banking In 2021

Almost without exception, banks in the Wilmington market showed steady deposit growth as of the most recent FDIC Market Share Report....


Employers Monitor Vaccine Rules

With judicial review underway on the Biden administration’s vaccination mandate for businesses with 100 or more employees, leading employers...


Seniors Find Health, Friends In Fitness

If there’s one word to describe the members of Sandy Sneakers, an exercise group for seniors, it’s “vivacious.” They have the energy of a 30...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100