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

Ico insights

INSIGHTS

SPONSORS' CONTENT

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

Jobs 101: Higher Ed's Future Focus

This month, thousands of students are coming back for their fall semesters at Wilmington’s higher education institutions, which are considered key pieces of the area’s economic development puzzle. In deciding which areas to expand into, higher education officials have to keep an eye on future employment trends, for both students and the region.

Funding Options Remain On The Table

Even in these days of tightening federal and state budgets, there is a piece of good news for small businesses that want to grow through exp...

Building Around Shipping Containers

As the regeneration of shipping containers accelerates globally, the Port City is about to enter the fray of using them for housing and offi...

Ico topnews Editor's Picks

For Soccer Fields, City Kicks Around Options, Including Echo Farms

Cece Nunn - Aug 18, 2017

With Revised Agreement, Water Street Deck Demolition Process Could Start Next Month

Cece Nunn - Aug 18, 2017

Midtown Business Expands With Julia's Events

Cece Nunn - Aug 17, 2017 Trending News

State Reports Annual Visitor Spending Amounts For Region

Christina Haley O'Neal - Aug 17, 2017
Services

Gierie Orthodontics

At Gierie Orthodontics our passion is creating beautiful smiles. Dr. Bill Gierie is committed to maximizing your esthetic potential through enhancing the appearance of the teeth and face. We strive to ...more

Ico trending Trending News

Ico newsinimages News in Pictures

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

Gallery Galleries

Video Videos

Power Breakfast: Coach C.B. McGrath - June 2017
Wilmington's Most Intriguing People of 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