Print
Health Care

NHRMC Buys Wilmington Property From International Paper

By Cece Nunn, posted Aug 15, 2018
New Hanover Regional Medical Center recently bought a long-vacant, 292,000-square-foot industrial building and about 35 acres, near North 23rd Street in Wilmington, from International Paper Co. (NYSE: IP).

NHRMC's acquisition involved nearly 16 acres and the building at 2221 J.R. Kennedy Drive, 19 acres at 2201 J.R. Kennedy Drive and less than an acre at 718 N. 23rd St. in a $5.25 million deal with International Paper (IP) on Aug. 9, according to the deed recorded in New Hanover County.

"NHRMC has plans to rehabilitate space within the building to be used as warehouse and office space for NHRMC’s Distribution Center and Emergency Medical Services," said Julian March, NHRMC spokesman, in an email Wednesday.

The NHRMC Distribution Center is used to distribute NHRMC's supplies and equipment. 

The Federal Paper Board Co. owned and operated the former folding carton facility at 2221 J.R. Kennedy Drive in Wilmington from 1974 until IP acquired FPB in 1996, according to state documents. IP produces renewable fiber-based packaging, pulp and paper products with manufacturing operations around the world, including a mill in the Columbus County community of Riegelwood.

The J.R. Kennedy Drive property in Wilmington has been vacant since December 2009, and the last tenant was MeadWestvaco Packaging Systems LLC.

"In August 2002, control of facility operations [in Wilmington] was transferred to Oracle Packaging of North Carolina, with International Paper retaining ownership of the facility building and property. In June of 2008, control of facility operations was transferred to MeadWestvaco Packaging Systems LLC, with International Paper retaining ownership of the facility building and property. In December 2009, MeadWestvaco vacated the facility and removed the printing equipment as well," states a history of the site.

That history is included in a public notice of IP's intent to complete a risk-based remediation of the site because of a low level of contamination on the property, according to state documents and Mary Siedlecki of the N.C. Division of Waste Management Hazardous Waste Section. 

Siedlecki, the state's project manager for IP sites in Charlotte and Wilmington, said IP has the corporate desire and resources to aggressively take care of its sites.

"IP is in the beginning stages of remediating for a very small amount of contamination" at the 2221 J.R. Kennedy Drive property, she said. The contamination is in a limited area and entirely on the property, Siedlecki said. "This is a very good way of proceeding for this site."

She said it appears the only groundwater contaminant of concern left on the site is a very low level of vinyl chloride.

Siedlecki said she has been pleased with how IP has "stepped up" in the cases of the Wilmington and Charlotte sites. Referring to the forthcoming Wilmington site remediation plan, she said, "It has been unoccupied for a long time, and I think that this is the extra step that International Paper is going to take to put the property back into productive use in the community."

Wilmington-based commercial real estate brokers were involved in the transaction between NHRMC and IP. Bill Maus and Jason Windham of Maus, Warwick, Matthews & Co. represented NHRMC, while Spruill Thompson of Cape Fear Commercial represented the seller. 

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Mike stonestreet 300x300

Tax Season: What Your HOA Should Know

Mike Stonestreet - CAMS (Community Association Management Services)
Jasonpathfinder3

What Is A Financial Plan?

Jason Wheeler - Pathfinder Wealth Consulting
Burrus rob headshot 300x300

Innovation In Two-Sided Platforms

Robert Burrus - Cameron School of Business - UNC-Wilmington

Trending News

ILM Cuts Costs, Awards Contract In Final Phase Of Expansion

Christina Haley O'Neal - Nov 15, 2019

Digital Human Helps Hearts

Johanna Cano - Nov 15, 2019

Sport Attracts Players To Leland

Laura Moore - Nov 15, 2019

Hard Labor: Employers Face Strained Searches For Workers

David Frederiksen - Nov 15, 2019

Navassa Driven Closer To Major Growth

Cece Nunn - Nov 15, 2019

In The Current Issue

Info Junkie: Adam Hooks

Adam Hooks, CEO of EMS LINQ, shares his top info and tech picks....


Digital Human Helps Hearts

Hanna is the work of Marie Johnson, managing director at Centre for Digital Business in Australia, Chris Hillier, New Hanover Regional Medic...


Habitat Chief Leads The Way Home

Steve Spain has spent much of his professional life combating homelessness. Heading into his seventh year as executive director of Cape Fear...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`