Wilmingtonbiz logo
Print
Health Care

Wilmington Health To Occupy 17th St. Building

By Cece Nunn, posted Mar 28, 2017
Wilmington Health will move into offices at 2425 S. 17th St. to consolidate administrative functions. (Photo courtesy of Cape Fear Commercial)
Wilmington Health officials will soon fill a vacant 17th Street building with employees.

Chris Bunch, COO of Wilmington Health, said his firm recently leased the 13,000-square-foot building at 2425 S. 17th St. not for clinical space but to consolidate administrative functions.

"It's close to the majority of our operations so it fit well from a size, space and location standpoint," Bunch said. "It will allow us to facilitate new [services] and expand our existing services in our clinical facilities."

Wilmington Health is headquartered at 1202 Medical Center Drive and has more than 20 affiliated offices throughout the Wilmington area. A new Hampstead office, which will consolidate two locations, is under construction and expected to be complete by May, Bunch said. 

Wilmington-based commercial real estate firm Cape Fear Commercial announced Wilmington Health's new 17th Street lease this week.

The formerly vacant building was purchased in December by one of Cape Fear Commercial’s long-term clients, Palladium at Surf City LLC, through a 1031 exchange transaction at a sale price of nearly $1.2 million, according to the real estate firm's news release and New Hanover County tax records.
 
Broker Bryce Morrison of Cape Fear Commercial represented the landlord in the December sales transaction as well as the recent lease transaction. Hill Rogers, broker in charge of Cameron Management, represented Wilmington Health in the lease.

Wilmington Health is planning some minor cosmetic improvements to the space and is expected to move in by May of this year.
 
“We were thrilled to be able to bring our client’s investment from a vacant building to full occupancy within just a couple of months of his purchase of the property,” Morrison said.

Story On The Map

Join The Discussion

Similar Stories

Book On Business

Bob2017

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Tarokic Tackles Immigration Law

Long before last year’s election, attorney Helen Tarokic ran a busy immigration law practice in Wilmington. Tarokic, one of two North Carolina board-certified immigration specialists in Wilmington, opened her own practice in the Port City in 2011.

Attorneys Named To Super Lawyers

Find out what local attorneys made Thomson Reuters' Super Lawyers list this year. Peer nominations and evaluations along with third-party re...

Crescom Holds Opening Event For Downtown Branch

Local officials joined CresCom Bank leadership and bank customers at the official opening of the bank’s downtown Wilmington branch at 115 N....

Ico topnews Editor's Picks

Elected Officials Consider Options For Saving Echo Farms Property

Cece Nunn - Apr 28, 2017 Trending News

MarKraft Acquires Apex Cabinet Company

Staff Reports - Apr 28, 2017

What Does PPD's Latest Deal Mean?

Cece Nunn - Apr 27, 2017 Trending News

Report: Local Apartment Vacancy Rate Remains Low

Cece Nunn - Apr 28, 2017
Other

Markraft Cabinets

MarKraft Cabinets specializes in cabinet and countertop design and installation in both new residential and commercial construction, as well as custom remodeling projects.

Ico trending Trending News

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Wilmington's Most Intriguing People of 2016
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad